Pieridae Energy Ltd T.PEA

Shell ask to AER and remains the licensee of record.

[noname99]

] The Alberta Energy Regulator (AER) has authorized Shell Canada Limited (Shell) and Pieridae Alberta Production Ltd.’s (Pieridae) (the applicants) request to withdraw the applications to transfer all licences and approvals for Shell’s Foothills assets. Accordingly, a public hearing will not be held.

On February 1, 2022, the AER in accordance with section 4(2) of the AER Rules of Practice accepted the applicants’ withdrawal of the applications. Shell remains the licensee of record.

[9] Accordingly, a public hearing will not be held.

Probably, a deal with Pieridae, a JointVenture.  

Shell will it be a partner for LNG?

[commonsense9]

Predictable. No hope of being approved since Pieridae is such a financial basket case. A JV would only fly if Shell explicitly assumes all liabilities should the JV fail. Shell will have no interest in fantasy LNG projects. They have their hands full with a real one that does not look likely to ever show a profit- though they and the other partners get use their gas assets that otherwise would