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.

TSX:PPR - Post by User

Prairie Provident Resources Inc > PCEP now owns 75% of PPR

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Comment by RHertigon May 17, 2023 9:45am

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Post# 35452164

RE:PCEP now owns 75% of PPR

I actually like this transaction. I would have hoped the high price of oil would have helped but mandated hedges killed us. I think you will see expedited reactivations of closed in wells and the work over program. Then some Princess wells. With a 20 year RLI and our tax pools I would not be surprised to see a buyout or merger.

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