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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 Oct 15, 2021 12:11pm
335 Views
Post# 34010175

RE:Major Supplier Sues Pieridae for Non Payment

RE:Major Supplier Sues Pieridae for Non PaymentThe claim and lien are only for $800k- and they could not keep that out of court?

Who is next?

They also burned KBR- which gets around. Not without some provocation: KBR did withdraw (replaced by Bechtel). After doing that KBR knew they were never going to get fully paid for work done till the- even though PEA owns and controls all that work (handed over to Bechtel). Word is that PEA refused to pay anything of what was owed. They eventually settled out of court.

commonsense9 wrote: It was in today's allNovaScotia onine paper. Very tight paywall, no link to even post. Government and all corporate movers and shakers of NS subscribe.

The supplier is Wood Canada (formerly AMEC), who filed in NS Supreme Court they have not been paid since July 8.  These folks have done ALL the engineering and cosulting except the plant itself for 8 years now. Its the only relationship they have for the millions and millions of regulatory work- that is not over.

So if they cant even keep these people quiet....


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