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.

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Pieridae Energy Ltd

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Comment by commonsense9on May 09, 2019 8:55pm

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Post# 29732064

RE: Goldboro LNG Roadblock

for noname100: here is the October article by the same author, that pursues the questions about pipeline capacity your raise:

https://nsadvocate.org/2018/10/08/ken-summers-goldboro-lng-far-from-a-done-deal/

The PNGTS was underutilized until Sable production declined. A compression addition will bring it up to 230 MMcf/d, and that is fully subscribed. That means PEA would have to get a supposed compression addition to quadruple capacity- just for Train 1. I was always more than skeptical. But when Summers asked me I told him that I'm not really competent to say it cannot be done. I suggested soneone in Calgary. I think he went through two more people to get to the expert he quotes.

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