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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 energeeon Sep 19, 2022 8:15pm
173 Views
Post# 34972605

RE:RE:RE:RE:RE:RE:RE:RE:RE:Matt Shyba

RE:RE:RE:RE:RE:RE:RE:RE:RE:Matt ShybaThe Director obviously likes the story.

That said, their debt remains a big issue and perhaps that will be addressed soon. It is expensive, restrictive (they demand the hedge positions), but the same lender also owns cheap warrants.  Could be some debt/equity management to be worked on.

If the deeper interval in the Banff fm at Michichi has promise (which appears possible) they could have a winner on a reserve basis. 
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