Pieridae Energy Ltd T.PEA

New hedging program update

[Ikeros]

They have already 60% of the Q1 gas productions hedged. And the price is almost 6.00.

[Ikeros]

This was from the January investor presentation.

[downwithdotcom1]

Thanks for the heads-up,  haven't yet reviewed their Jan presentation but will do soon and comment afterwards. Meanwhile, anyone else care to weigh in on their presentation/outlook??? dwdc

[Dazzle01]

The hedging program should serve PEA well given the softness in the spot market hedged at $6 I would expect PEA to be able to soon get the debt below $200 million or more. PEA with reduced debt should be able to get the assets transfer from Shell to PEA. Once they have the title issues resolved alternative financing options will be avaiiable.  The first Brown creek well should have spud in