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 > FID soon

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Comment by commonsense9on Jul 01, 2021 9:52pm

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Post# 33480595

RE:RE:RE:RE:RE:RE:FID soon

Its complicated. But the second application to AER already has Pieridae with all the liability now. But Shell has a financial responsibility to Pieridae on that- which I cant figure out what that means if Pieridae gets the licences, then goes broke.

BigFanLNG2018 wrote: Don't forget that there is still a public hearing to determine if the Shell acquisition will be approved. As it stands, Pieridae could end up having to assume a whole lot of liability to keep the assets.

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