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 18, 2019 1:29pm

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Post# 30244626

RE:1.5 billion will come soon

Read carefully.
They said (again) they have that guarantee "in principle". And they said they will be able to leverage it (some day and some way).
They desperately need that money now. But the Germans have made it clear they want to see some equity (ie, the FID) before they commit. They are using and have been using the fact the Germans will be there (eventually) to help leverage equity investors to come forward.

RaniQuebec wrote: Pieridae said the Shell deal allows it to begin to leverage a $1.5 billion of the German government guarantee for the upstream gas production part of its project. The rest of the guarantee applies to the construction of the terminal itself.

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