RE:Is Pieridae on the verge of insolvancyHmm many moons ago there was an environmentalist obstructing everything Shell PC with a very similar handle...his rumours re new gas wells at the time hitting much higher h2s initially hit the juniors SP operating such wells hard..in the end it proved factual and the increased capex/opex essentially killed the plays.and hindered Shells PC future growth/feedstock..$12 mm don't go far managing legacy sour gas
I haven't heard such rumours but unless Shell retains all LLR on the plant/GGS it seems analogous to a similar sour Mazeppa Plant/system which ultimately was taken over by AER and decomissioned...Shell PC is much older,bigger liability imho