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 > Strategic Review Process Concludes

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Comment by commonsense9on Jan 24, 2022 2:14pm

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Post# 34354247

RE:Strategic Review Process Concludes

The debt to TEC now is up around $270million. $206 is the amount TEC loaned to purchase the Shell assets. The rest is the gouging "fee", and the part of the interest PEA has not been paying... tthose parts of the debt would be a nearly absolute write-off for TEC.

So if the Shell assets could have been sold during the "Strategic Review"- even for significantly less than $206million..... TEC would have been happy to walk away.

But there were no takers- contrary to what people frequenting this board think.... where anything to do with gas has $$$ all over it. That is your own farts you smell.

Get enough people together, bottle it up, ship it to Germany....

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