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 Oct 17, 2019 10:36am

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Post# 30239816

RE:Pieridae Energy Closes the Acquisition of Shell Canada

15% interst is wicked. That is at lest $2.1 m per month casflow (more if the lender doesnt take 3% of that on the pronciple). Coupled with the ongoing monthly losses of the Ikkuma assets, it means that negative cash flow continues, even if it is diminshed.

It can all be absorbed when/if the equity financing and FID happens. But its yet another reason that is up or out in early 2020.

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