Brief: Pieridae Energy Provides Wildfire Safety Update & Plans Temporary Shut-In Of Uneconomic Production
17/05/2024 14:09
May 17 (Reuters) - Pieridae Energy Ltd PEA.TO :
* PIERIDAE ENERGY PROVIDES WILDFIRE SAFETY UPDATE & PLANS
TEMPORARY SHUT-IN OF UNECONOMIC PRODUCTION
* RECENTLY SHUT-IN APPROXIMATELY 750 BOE/D PRODUCTION FROM
ITS
EKWAN FIELD IN NORTHEAST BRITISH COLUMBIA DUE TO WILDFIRES
* PIERIDAE ENERGY - EKWAN PRODUCTION WILL REMAIN SHUT-IN
UNTIL IT
IS SAFE TO RESTART, AND NECESSARY THIRD-PARTY INFRASTRUCTURE IS
RETURNED TO SERVICE
* COMPANY IS NOT AWARE OF ANY DAMAGE TO COMPANY-OWNED
INFRASTRUCTURE OR EQUIPMENT AT THIS TIME
* PIERIDAE ENERGY-MAKING ARRANGEMENTS TO TEMPORARILY SHUT-IN
UNECONOMIC SOUR GAS PRODUCTION IN AREAS OF FINDLEY, LYNX AND
PALLISER, PRIOR TO END OF MAY
* PIERIDAE ENERGY - THESE AREAS CURRENTLY PRODUCE ABOUT
1,000
BOE/D OF DRY NATURAL GAS AND WILL BE REACTIVATED ONCE NATURAL
GAS ECONOMICS IMPROVE
Source text for Eikon: ID:nGNX9cLxtb
Further company coverage: PEA.TO
((Reuters.Briefs@thomsonreuters.com;))