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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 Jan 29, 2024 11:08am
167 Views
Post# 35850405

Status of asset sales?

Status of asset sales?The two asset sales they announced on 10/30 were supposed to close by Wed 1/31. So far only the Provost assets transfer have been approved  by the AER. No word from the Company on the status of the  Evi sale which is material. As a result , lack of funds is holding PPR back from doing any capex. And they need to desperately start to increase Production revenues.  
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