RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Very old Shell Canada News - SHELL FINALIZES TRANSACTION WITNobody seems to have the definitive answer about Pieridae LRR.
A few years back the LRR itself seemed to be under scrutiny by the AER. Like whether it was adequate for measuring a company's financial capacity to meet longer term regulatrory obligations. This general questioning was at the same time that Shell's application to transfer the licences was before the AER- where it was the central issue.
Then Shell (and Pieridae) withdrew the applicatiion because it was doomed. I dont think there has anything public about a new application since then. But since then PEA situation has not changed substantially- they have just scrambled hard to put some room between them and the edge of the cliff.
Looks like they are positioned so they can at least make interest payments. And if they cant- AIMCO seems willing to keep giving them some more rope.
That improvement doesnt look like something AER can take to the bank.