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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 > 3rd interim extention
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Post by filefishon Aug 31, 2024 8:17am
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Post# 36203853

3rd interim extention

3rd interim extentionObviously, they are not waiting on a new boomer well to come on stream.
If PCEP wanted to buy out the remaining shareholders they could have easily done it by now.
The most likely scenario is that these extentions are waiting on a 3rd party to work out the details and financing (with acceptable terms the lender) to acquire PPR, without forcing a bankruptcy. A new timeline of 3 weeks has been set.
Anyone else have thoughts on how this saga ends?
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