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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 filefishon Apr 01, 2023 6:57pm
427 Views
Post# 35374101

tax pools

tax poolsI think that the reason Prairie Provident is being kept alive ( not necessarily a viable oil company) is their tax pools. At 12/31/22 report shows $527mil of tax pools, $351mil of tax loss carryforwards ( expiring over time if not used) . At the same time they have $114mil in decomissioning liabilities and $148mil in debt. A profitable business could utililize these tax deductions  to more than offset the ARO's and debt. Is Shyba viewing this as a way to salvage his investment in PPR?
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