RE:RE:RE:RE:Very old Shell Canada News - SHELL FINALIZES TRANSACTION WIT"This is because while legal title for the Foothills Assets has passed to PAPL, Shell remains the licensee of record."
And all of the cleanup liabilities effectively remain with Shell- at least until the licence is successfully transfered.
You said transferring the licence "will take time." Now there is an understatement. We're at 5 years, and no evidence any progress has been made. Not surprising, since the question has always been and remains Pieridae's financial viability.
AIMCO is famous for it's 'limited' independence. So is that latest investment the vote of confidence you make it out to be? Or is it because there is a widespread desire in Calgary not to see Pieridae fail?