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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 Jul 17, 2024 9:06am
111 Views
Post# 36136303

RE:RE:PCEP SHARE VALUE.

RE:RE:PCEP SHARE VALUE.They need an infusion of cash for capex, as opposed to paper debt reduction. The production levels have dropped to a point that even $100 oil and $4 gas wont materially help their situation. If PCEP is able to convince the Lender to keep things going, they need a workable plan to increase production in the very short term. That means drilling 4-6 new wells ( $15-20mil?). Why havent we heard about the share value of the tax pools from the Company lately? Wasnt this alone purported to be worth .18/share ( pre Evi sale) to a profitable potential buyer.      
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