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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 RollinInDoughon Apr 04, 2019 12:30pm
78 Views
Post# 29582600

Re Princess

Re Princesswhat I would expect is they drill horizontals across the glauc channel and follow it as long as it produces... then initiate a waterflood to chase the oil up the challe... it could be a decent play.  of course it declines fast, but what matters is the pay out period not decline rate... if they get payback within a year and still produce oil for a decade even at 20 b per day... it is OK... if with wateflood they can produce over 50 b per day... it is very good.  Princess is so old a play... the well control and siesmic is all there
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