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 > Shell Transfer Applications Set for an AER Public Hearing

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Comment by ofirmeon May 17, 2021 3:55pm

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Post# 33215803

RE:RE:RE:Shell Transfer Applications Set for an AER Public Hearing

Getting to a well abandonment cost of $2B or more requires a lot more wells that are still
producing than 0.26bcfe/d would indicate (a number which includes another purchase
by the way). if that was the ARO size and those assets were pretty close to depleted, you
would have been looking at a complete rejection of the transfer and not even a lenghty
discussion. there is much more to this number than you indicate.

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