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Prairie Provident Resources Inc T.PPR

Alternate Symbol(s):  PRPRF

Prairie Provident Resources Inc. is a Canada-based oil and natural gas exploration company. The Company is engaged in the exploration and development of oil and natural gas, with conventional operations primarily focused on the Western Canadian Sedimentary Basin in Alberta. Its operating areas include Michichi, Princess and Evi. Its assets primarily consist of light and medium oil associated natural gas. The Company is primarily focused on development of its Wheatland and Princess properties in Southern Alberta and its Evi area located in the Peace River Arch area of Northern Alberta. Its Princess area in Southern Alberta is engaged in the development of the Glauc and Ellerslie formations. The Company's assets cover approximately 375,000 acres of area in Alberta. Its wholly owned subsidiaries include Prairie Provident Resources Canada Ltd., Lone Pine Resources Inc., Lone Pine Resources (Holdings) Inc., Arsenal Energy USA Inc. and Arsenal Energy Holding Ltd.


TSX:PPR - Post by User

Comment by filefishon Sep 28, 2021 6:02am
166 Views
Post# 33929212

RE:RE:RE:Two new wells

RE:RE:RE:Two new wellsJusthalffull, I think the 750 / 350 you mention are rates are from flush production.
A better indicator of the productivity of those two Spring 2021 wells is indicated by the comment below in the Q2 MD&A
 Two Princess wells drilled during the first quarter of 2021 commenced production in late April and late May 2021, respectively, adding incremental production of approximately 390 boe/d and 200 boe/d for the three and six months ended June 30, 2021, respectively, with a combined average liquids weighting of approximately 50%. 

These next 2 wells are extremely important to the viability of PPR and if they can average  400boe/d in incremental production ,that should be considered a success.

Justhalffull wrote: Princess 1 flowed at750 boe,princess 2 at 350 boe.  I don't think 700 to 800 is unreasonable for the two new wells.



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