Prairie Provident Resources Inc T.PPR

Alternate Symbol(s): PRPRF

Energy Oil & Gas E&P

Prairie Provident Resources Inc. is a Canada-based oil and natural gas exploration company. The Company is engaged in the exploration and development of oil and natural gas, with conventional operations primarily focused on the Western Canadian Sedimentary Basin in Alberta. Its operating areas include Michichi, Princess and Evi. Its assets primarily consist of light and medium oil associated natural gas. The Company is primarily focused on development of its Wheatland and Princess properties in Southern Alberta and its Evi area located in the Peace River Arch area of Northern Alberta. Its Princess area in Southern Alberta is engaged in the development of the Glauc and Ellerslie formations. The Company's assets cover approximately 375,000 acres of area in Alberta. Its wholly owned 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 > No sale - non core assets

<< Previous

Bullboard Posts

Next >>

Comment by SilverSamon Jun 16, 2022 1:09pm

176 Views

Post# 34761844

RE:No sale - non core assets

Keep in mind these are non-core assets. If they are still producing income for the company, then at oil anywhere over $100 will still help reduce debt. Any new hedges the company is required to lock in should also be highly profitable the longer $100+ oil hangs around. And there is still the tribunal judgement we are all anticipating....

<< Previous

Bullboard Posts

Next >>

Grid Battery Metals sets spin-off date for AC/DC Battery shares