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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

Comment by auburn2on Mar 28, 2019 11:11pm
73 Views
Post# 29552051

RE:Ridiculous Buying to 28 Cents in Late Feb

RE:Ridiculous Buying to 28 Cents in Late Feb"ARO expenditures are now excluded from capital expenditure numbers and included in adjusted funds flow to conform to recent direction from Alberta Securities Commission staff regarding funds flow disclosure by oil and gas issuers and permissible adjustments."

Is this to better conceal how much these companies are spending on decomissioning? $144 million for this little company to spend on ARO seems enormous.

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