Bullboard - Stock Discussion Forum 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... see more

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Prairie Provident Resources Inc > Two new wells

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Post by Justhalffull on Sep 27, 2021 3:12pm

Two new wells

We should hear news soon about the two near Princess wells drilled in July and August. Would
be great if these two wells can produce 700 or 800 bbl/d.

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Comment by filefish on Sep 27, 2021 3:36pm

The last couple of Princess wells have not had numbers that high. But even if they can show IP30 production of 400 , it would be a welcome addition. Any increase in cash flow that can be allocatted to drilling another well in the current year would help greatly and perhaps get the total to 5kboe/d . Unlike solidly financed Oil companies who have changed their goals to increase ...more

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Comment by Justhalffull on Sep 27, 2021 7:42pm

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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Comment by filefish on Sep 28, 2021 6:02am

Justhalffull, 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 ...more

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