This includes three distinct includes three distinct sour gas plants (Waterton, Jumping Pound and Caroline) and the gas fields which feed them (collectively the “Foothills Assets”), as well as a portion of the Shantz Sulphur Forming Facility that is tied to the Caroline gas facility. Effective October 17, 2019, Pieridae Alberta Production Ltd. (“Pieridae”) (formerly Ikkuma Resources Corp.), a subsidiary of Pieridae Energy Limited, will operate the Foothills assets.

Shortly, Shell will begin applying to the Alberta Energy Regulator (AER) to transfer the licences to operate the Foothills Assets. The AER has a robust process to determine the suitability of a licensee to hold these licenses. With each transfer application, there will be a public notice of application (PNoA) period.

Under Alberta Energy Regulator (AER):Directive 71 Emergency Preparedness and Response Requirements for the Petroleum Industry (D71), Pieridae is responsible for fulfilling duties under the existing Emergency Response Plan (ERP) for these sites, consistent with Directive 71, which states that “response procedures in place will not be compromised prior to approval of the new ERP”. Following the licence transfer for these sites, Pieridae will submit a new ERP for approval from the AER and will conduct a public involvement program as part of that application process.
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Liquefying natural gas (LNG) so that it can be safely stored and shipped to markets around the world.

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