Post by
commonsense101 on Sep 15, 2023 4:32pm
Pieridae Selling Goldboro Site
Final nail in the coffin for the LNG dreams.
Been hearing rumours for a few weeks that it was sold. Story in allNS a couple days ago (no urls, and they disable copying). Pieridae is quoted as saying they chose among bidders. Implication that they have chosen, but not finalized.
Selling it is obviously a done deal though.
Comment by
Dazzle01 on Sep 17, 2023 5:10pm
The sale could have a significant impact in further reducing debt, which would allow them to move forward with their drilling program. What portion of their production is liquids?
Comment by
noname99 on Sep 18, 2023 6:27am
How much they paid for Goldboro? I think that was 50$M. I'm not sure. Someone remember?
Comment by
commonsense101 on Sep 18, 2023 7:34am
They paid $3 million for the property. Its not a hot commodity. And I doubt any of the bidders want it that bad.
Comment by
noname99 on Sep 19, 2023 6:54pm
The amount of the transaction was not released. Only that Scotia Bank has financed this acquisition
Comment by
commonsense101 on Sep 20, 2023 10:26am
From what I have heard, it sounds unlikely the sale has been finalized. I think about the only thing that can be counted on, is that they are going to sell.
Comment by
Maxmoe on Sep 20, 2023 10:38am
Maybe a subsidized housing complex for immigrants. Cheap land in that part of our country.