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 > Q3 2021 Results

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Comment by commonsense9on Nov 10, 2021 7:35pm

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Post# 34112766

RE:Q3 2021 Results

Well, that was the smallest Quarterly increase in Accounts Payable, ever.

Presumably the lateness in payments has not got (much) worse. But they are rumoured to be running 6 months behind.

As of Sept 30 that makes AP + Term Debt + Unpaid "Deferred Fee" = $ 423 million.

Term Debt goes up over $10 million per Quarter.

They bought the Shell assets 2 years ago for $156million. That is what is on the market right now.

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