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Prairie Provident Resources Inc T.PPR

Alternate Symbol(s):  PRPRF

Prairie Provident Resources Inc. is a Canada-based company engaged in the exploration and development of oil and natural gas properties in Alberta, including a position in the emerging Basal Quartz trend in the Michichi area of Central Alberta. The Company has 167,869 net acres in its Michichi core area with approximately 40 Basal Quartz potential drilling opportunities targeting light/medium oil. Its core areas also include Princess. The Company's 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

Post by auburn2on Feb 25, 2019 4:52pm
78 Views
Post# 29411195

No Michichi Spending?

No Michichi Spending?"Of the total budget, development capital of $12.3 million will be directed to drill three horizontal Glauconite wells at Princess, complete two Slave Point wells at Evi, advance the Evi waterflood, and fulfill all remaining flow-through share commitments arising from PPR’s equity financing completed in October 2018.  PPR also plans to invest $4.7 million into the clean-up and reclamation of inactive wells as part of the Company’s ongoing abandonment and reclamation obligations (“ARO”), with $1.9 million for capitalized G&A."

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