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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 Nov 19, 2023 8:56am
210 Views
Post# 35743150

RE:RE:Q3 report error- Debt

RE:RE:Q3 report error- DebtPPR is dead in the water in terms of production until the licenses for the Asset sales are transferred and the cash is in the bank (expected in January). At that point they will  be able to start drilling again. Yes, we need to watch the insider trading reports for any tell tale signs. It is evident that they have not been able to attract outside talent to fill management positions. The executive committee will run the company for Prudential until they are able to find a suitable merger partner. IMHO   
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