Pieridae Energy Ltd T.PEA

Alternate Symbol(s): PTOAF

Energy Oil & Gas Integrated

Pieridae Energy Limited is a Canadian energy company. The Company is an upstream producer and midstream custom processor of natural gas, natural gas liquids, condensate, and sulphur from the Canadian Foothills and adjacent areas in Alberta and in northeast British Columbia (BC). It owns and operates three sour gas processing complexes at Waterton, Caroline and Jumping Pound. Its footprint covers over a million gross acres (807,000 net acres) in the Foothills and makes up conventional gas reservoirs in North America. Across Alberta and British Columbia, its footprint stretches over one million gross acres of land, with ownership of three deep cut gas plants and more than 3,800 kilometers of pipelines. Its foothills include the southern foothills, central foothills and northern foothills. Its southern foothills have three main fields: Waterton, Carbondale, and Burmis. The Company also has a production facility in the Northern Foothills of Alberta and in Northern BC.

TSX:PEA - Post by User

Pieridae Energy Ltd

Bullboard Posts

Comment by commonsense9on May 09, 2019 5:41am

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Post# 29727505

RE: Goldboro LNG Roadblock

You rightly ask "what is a soft FID"? Nobody knows, but the consensus here is that it is to be something credible enough to pull the support of waiting big investors, apparently including those German government loan guarantees that were though to be imminent months ago.

Firm enough that PEA seems to strain to pull off this soft FID, and a lot firmer than the magical pipeline capacity that you point to.

noname100 wrote: The lack of available pipeline capacity to transport the gas from Western Canada to Goldboro is the real issue I see with the Goldboro project. Also consider:

The Government loans are "soft". As stated by Pieridae in their news releases they have an ELIBILITY in principle forl loan guarantees from Germany.

PEA expects to make a soft FID by mid 2019. What exactly is a soft FID?

It seems that everything is "soft" because while there is plently of available gas from Western Canada, it cannot be transported to the Goldboro site on the existing pipeline system. Any expansion of these systems or new pipelines would be very expenisive and require years to be built. Given all of the regulatory, environmental and court hurdles a likely outcome is that this project is dead in the water.

I welcome any factual counterpoints to this and my previous post.