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Pieridae Energy Ltd T.PEA

Alternate Symbol(s):  PTOAF

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

Comment by Sogosohubidu201on Oct 12, 2024 9:16pm
92 Views
Post# 36264244

RE:RE:RE:RE:RE:Very old Shell Canada News - SHELL FINALIZES TRANSACTION WIT

RE:RE:RE:RE:RE:Very old Shell Canada News - SHELL FINALIZES TRANSACTION WITAIMCO knows Pieridaes assets very well since Pieridae bought central Alberta Foothills assets when it acquired Ikkuma Resources Corp. (TSXV:IKM) from AIMCO and others for approximately CAD 94.6 million on August 23, 2018. Pieridaes central Alberta Foothills has PDP NPV 10 of $203 millions currently that itself can justify the current Pieridaes current enterprise value of $220 millions. The issue of transfer licenses from Shell to Pieridae is only related to Southern Alberta Foothills. It is not related to central Alberta Foothills that was acquired from AIMCO, and northern Alberta Foothills as well as its BC Montney assets. So AIMCO knows its risks as the major shareholder is very low.
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