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 > PEA Debt Comes Due October 23rd

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Comment by commonsense101on Mar 15, 2023 2:18pm

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Post# 35340544

RE:RE:PEA Debt Comes Due October 23rd

They cant push back the term due date without TEC agreeing.

But I'm suggesting above what amounts to the same thing- they just keep paying 15% until it is paid off (no earlier than next year).

TEC could go for foreclosure on October 24- but they would be "winning" an albatross they could not sell. (And TEC has for almost the whole loan term since 2019, been waiving requirements that otherwise would have put PEA in default.)

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