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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 filefishon Apr 06, 2022 7:21pm
218 Views
Post# 34582446

RE:Non core asset sale

RE:Non core asset saleApparently no bids yet , as of todays posting on Energy Advisors Group.
https://www.energyadvisors.com/deal-details/45426/Prairie-Provident-Resources/CENTRAL-ALBERTA-SALE-PACKAGE

quote=Buyreallow]The sale announcement, if a buyer was found, should come soon.  I hope to see at least $20 to $25 million in proceeds, and use it to reduce debt. Then drill some wells to replace the 1000 bbls of lost production.  A NAFTA settlement would also do wonders for PPR.[/quote]

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