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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Post by commonsense9on Apr 19, 2020 5:42am

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Post# 30926570

True Overall Financial Picture

To retire the Term Loan and "deferred fee" due in October 2023, Pieridae needs to pay down approximately $20million per quarter. In what will probably be its best cash flow quarter for a long time, it paid only the interest of about $9million.

Yes, that cash flow "problem" CAN all be covered over by investment in the LNG project. But the possibility of that depends on completing the ongoing design and fixed price contract with KBR. Yet in this supposedly best of all cash flow quarters, Development Expense dropped to a small fraction of the previous pace.

Does this sound like a flush enough operation to you?

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