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

Post by commonsense9on Aug 08, 2019 9:12pm

253 Views

Post# 30009128

Q2 Results Look Pretty Shocking

Posted on SEDAR. Their operating cash loss per month has gone up to about $5.5M/month- with on average another $2M/month more in other unavoidable expenses (like the KBR engineering contract). So they would be at, past, or close to the point right now of at least theoretically being out of cash, and with no loans they can tap yet. Its not the easiest statement to dig through. No mention of how this is supposed to work (but then they never have).

No mention on the PEA website. They did post today a heart warming story of a family that hopes to work at the plant, and yesterday some pictures of a KBR team visiting.

Bullboard Posts

Quantum eMotion leaps by 20 per cent after Becton Dickinson deal