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

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Comment by commonsense9on Aug 21, 2019 2:38pm

139 Views

Post# 30051599

RE:PEA speaks

Lets oarse this to see if there is any news.

"In July postponed FID to 2020". Heard that in July (and wasnt news even then).

"... after switching EPC contractors."

??

Switching from Kellogg&Root? Or just giving the switch TO them (was there anyone else?) as a plausible reason for delay?

As far as having trouble with the "bridge financing"- that is usually called finding some live equity investors. [I guess since they "have" the German loans, but probably need to show the Germans that someone with pockets has skin in the game.... that gets called "needing bridge financing." Not so difficult, just some bridge financing to finish the package. Cool.]

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