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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 SilverSamon Sep 05, 2024 10:28am
116 Views
Post# 36209755

RE:3rd interim extention

RE:3rd interim extentionMy biggest concern right now is that management and PCEP may do a debt-for-shares deal, in which tens of millions of shares are issued to PCEP in exchange for the elimination of debt held by them.  At the current firesale price, the shares would cause another massive dilution of shareholder value.  The possibility of this occurring keeps me on the sidelines, rather than adding to my position, despite the appearance of bargain prices for the shares of PPR.
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