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 > PEA returns to to a land-based project

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Comment by Maxmoeon May 11, 2022 12:16pm

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Post# 34674320

RE:PEA returns to to a land-based project

Poor Alfie hasn't figured it out yet. Never ever rely on government, or even get them involved. Hair pulling, tears, delays, and disappointment. Never a happy ending. Nothing happens. Nothing ever happens quickly. And most certainly, nothing ever happens "very quickly". Meanwhile, just pump that gas at huge profit and forget you ever set foot on the east coast.

noname99 wrote:
"The world has changed a lot since then," Pieridae CEO Alfred Sorensen told CBC News Tuesday. "We have to take advantage of all the work we've done already and try and see if we can move the project forward very quickly."

Earlier this year, Pieridae Energy was considering a smaller project with a floating LNG barge where gas would be super-chilled and then transferred onto tankers.

The company is now shifting its attention back to a land-based project because it would be able to produce more gas than a barge-based facility, and the federal government is interested in maximizing output, Sorensen said.

https://www.cbc.ca/news/canada/nova-scotia/2-lng-proposals-could-move-forward-bear-head-goldboro-1.6447671