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 > Shell ask to AER and remains the licensee of record.

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Comment by commonsense9on Feb 04, 2022 9:40am

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Post# 34396940

RE:Shell ask to AER and remains the licensee of record.

Predictable. No hope of being approved since Pieridae is such a financial basket case.

A JV would only fly if Shell explicitly assumes all liabilities should the JV fail.

Shell will have no interest in fantasy LNG projects. They have their hands full with a real one that does not look likely to ever show a profit- though they and the other partners get use their gas assets that otherwise would be stuck with no decent market access.

noname99 wrote: ] The Alberta Energy Regulator (AER) has authorized Shell Canada Limited (Shell) and Pieridae Alberta Production Ltd.’s (Pieridae) (the applicants) request to withdraw the applications to transfer all licences and approvals for Shell’s Foothills assets. Accordingly, a public hearing will not be held.

On February 1, 2022, the AER in accordance with section 4(2) of the AER Rules of Practice accepted the applicants’ withdrawal of the applications. Shell remains the licensee of record.

[9] Accordingly, a public hearing will not be held.

Probably, a deal with Pieridae, a JointVenture.

Shell will it be a partner for LNG?