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Pieridae Energy Ltd T.PEA

Alternate Symbol(s):  PTOAF

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

Comment by commonsense9on Jun 01, 2021 1:41pm
148 Views
Post# 33303951

RE:RE:WOW..important take-aways..LNG, new partner for CCCPC

RE:RE:WOW..important take-aways..LNG, new partner for CCCPC
Thats your prediction. Here is the one based on past practice. Lets call the coming partner PowerCo.

The power production is the much smaller part of the project than the CCS gathering infrastructure. At the announcement PowerCo will gush their enthusiasm. They might even be sole or majority provider of investment for the power production.

But the whole thing depends on the far more difficult CCS project coming together- which will fall solely on cash starved Pieridae that cannot raise funds for anything. Lots of talk of the grants, praise and encouragement from the government, and from First Nation partners. Oh.doesnt it look good.

But it all depends on you know who putting it together- you cant do it all on grants. And commercial viability has to be proven for there to be anything forthcooming other than grants. 

All the encouraging other partners are actually standing back and waiting. Meanwhile,  Sorensen uses this great project to try to finish sweet talking the federal government for that billion dollars to build the LNG plant....  or maybe some unknown investor that sees a project they can pick up really cheap, is selling itself as green...

downwithdotcom1 wrote: saying it again PEA to "offiically" announce a partner possibly next week or the week after..i suspect the NEW PARTNER will be putting up all the cash for a material ownership part, while PEA supplies the site and basic infrastructure..COULD ALSO BE A BIG FED. PROVINCIAL GRANT as everybody loves ESG /carbon capture projects these days...GET ON BOARD..train is a leaving..see you at 70 cents shortly..YOU"VE BEEN TOLD!!! dwdc


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