Brief: Pieridae Evaluating Goldboro LNG Strategic Alternatives

Cavvy Energy (Alberta)

02/07/2021 12:37

July 2 (Reuters) - Pieridae Energy Ltd  PEA.TO :
    * PIERIDAE EVALUATING GOLDBORO LNG STRATEGIC ALTERNATIVES
    * PIERIDAE ENERGY LTD - WILL CONTINUE WORK TO FURTHER
OPTIMIZE
OPERATION AND DEVELOPMENT OF FOOTHILLS RESOURCES AND MIDSTREAM
ASSETS
    * PIERIDAE ENERGY LTD - HAVE NOT BEEN ABLE TO MEET ALL OF
KEY
CONDITIONS NECESSARY TO MAKE A FINAL INVESTMENT DECISION
    * PIERIDAE ENERGY - BECAME APPARENT THAT COST PRESSURES,
TIME
CONSTRAINTS DUE TO COVID-19 HAVE MADE BUILDING CURRENT VERSION
OF LNG PROJECT IMPRACTICAL

Source text for Eikon:  ID:nGNXbDNKL8 
Further company coverage:  PEA.TO 

 ((Reuters.Briefs@thomsonreuters.com;))