Prairie Provident Resources Inc T.PPR

Alternate Symbol(s): PRPRF

Energy Oil & Gas E&P

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.

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Prairie Provident Resources Inc > Financing approved and extended to Dec 2023 !!!

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Comment by filefishon Jan 02, 2022 11:19am

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Post# 34277182

RE:RE:RE:RE:Financing approved and extended to Dec 2023 !!!

Extention carries them into 2023 when the bad hedges roll off.
If O&G prices stay at current levels , PPR will have an opportunity to meaningfully finance new production and pay down debt .
For 2022 hope we see:
Nafta settlement
Management and Director stock purchases
5-6 new wells drilled and completed.