YE 2020 Reserves Out
https://stockhouse.com/news/press-releases/2021/02/23/prairie-provident-announces-year-end-2020-reserves
P+1/2 P reserves valued at $162.7M, less estimated debt of ~$117M (total debt is difficult to determine from their disclosure to date). ARO appears to be in the reserve report and undeveloped land value is additive.
YE 2020 P+1/2 P reserve values (net of assumed debt) is $45.7M / 206M shares (including the 34.3M warrants) = $0.22 per share.
Many would say the current market value for E+P's with no upside is PDP value, less debt, so expect some erosion.
Perhaps they have some upside? If they everv published a current Presentation we would know.