Prairie Provident Resources Inc T.PPR

YE 2020 Reserves Out

[energee]

https://stockhouse.com/news/press-releases/2021/02/23/prairie-provident-announces-year-end-2020-reserves

P+1/2 P reserves valued at $162.7M, less estimated debt of ~$117M (total debt is difficult to determine from their disclosure to date). ARO appears to be in the reserve report and undeveloped land value is additive.

YE 2020 P+1/2 P reserve values (net of assumed debt) is $45.7M  / 206M shares (including the 34.3M warrants) = $0.22 per share. 

Many would say the current market value for E+P's with no upside is PDP value, less debt, so expect some erosion. 

Perhaps they have some upside? If they everv published a current Presentation we would know.

[filefish]

From the Reserves report: Can someone explain how the PDP reserves discounted at 0% is a negative number ( 156.7) Or is this a mistake. Reserves Category 0% 5% 10% 15% 20% (MM$) (MM$) (MM$) (MM$) (MM$) Proved          

[RHertig]

I noticed that too. It makes no sense.

[filefish]

I wonder if the Company noticed and will reissue a corrected  Reserves Report