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.

TSX:PEA - Post by User

Pieridae Energy Ltd > $$ ;

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Comment by pppon May 24, 2022 10:33am

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Post# 34703507

RE:$$ ;

Fixed-price natural gas contracts for 68,596 GJ/d (gigajoules per day) are in place at a weighted-average price of $2.64/GJ over a term of 12 months as of March 31, 2022

We have to convert GJ to cubic ft.1.06 GJ is 1000 Cubic ft. then divide by 6000 to get bbls 6000CF = 1bbl.

So 68596 GJ = 72711 CF divide by 6000 to get bbls is 12000 bbls a day.

Pieridae's realized condensate price was $106.13/bbl. Physical fixed-price forward condensate sales contracts (Canadian-dollar WTI basis) are in place averaging 553 bbl/d for the balance of the year 2022 at an average price of $108.02/bbl. Subsequent to quarter-end, Pieridae added an additional condensate forward sales contract (Canadian-dollar WTI basis) for 500 at $123.59 for July to December, 2022.

So 12000 gas plus 1053 condensate. so 13053 total out of 40000 bbls production is about 33%

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