Prairie Provident Resources Inc T.PPR

Alternate Symbol(s): PRPRF

Energy Oil & Gas E&P

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.

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Prairie Provident Resources Inc > Matt Shyba

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Comment by energeeon Sep 19, 2022 8:15pm

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Post# 34972605

RE:RE:RE:RE:RE:RE:RE:RE:RE:Matt Shyba

The Director obviously likes the story.

That said, their debt remains a big issue and perhaps that will be addressed soon. It is expensive, restrictive (they demand the hedge positions), but the same lender also owns cheap warrants. Could be some debt/equity management to be worked on.

If the deeper interval in the Banff fm at Michichi has promise (which appears possible) they could have a winner on a reserve basis.

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