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 > FID

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Comment by commonsense9on Mar 14, 2021 11:37pm

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Post# 32796473

RE:FID

Application to the AER to transfer Shell operating licenses to Pieridae:that is a wild card in the FID picture. And vice versa.

The first application was turned down. Cenovus and CNRL were two of the objectors on that round- because they dont want to be paying for the clean-ups if Pieridae goes under.

Second application filed a couple months ago. I heard there were over 30 Statements of Concern this time. If the FID does not go through first, there is probably no chance of success with AER this time. Because PEA will go belly up by the time the 2023 term loan is due: if the FID does not happen, there is no chance of paying the loan sharks off.

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