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 > New hedging program update

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Comment by Dazzle01on Jan 21, 2023 1:33pm

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Post# 35237506

RE:New hedging program update

The hedging program should serve PEA well given the softness in the spot market hedged at $6 I would expect PEA to be able to soon get the debt below $200 million or more. PEA with reduced debt should be able to get the assets transfer from Shell to PEA. Once they have the title issues resolved alternative financing options will be avaiiable.
The first Brown creek well should have spud in November and should be at or near TD with rusults soon.

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