Bullboard - Stock Discussion Forum 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... see more

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Prairie Provident Resources Inc > New Press Release - Prairie Provident Resources Announces Closing of Asset Sales

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Post by PressRelease on Mar 05, 2024 8:31am

New Press Release - Prairie Provident Resources Announces Closing of Asset Sales

CALGARY, Alberta, March 05, 2024 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce that it has closed the previously announced sales of its Evi assets in Northern Alberta for net proceeds of $22.5 million after adjustments, based on...read article.

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Comment by balar24 on Mar 05, 2024 11:52am

Some positive news!

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Comment by filefish on Mar 05, 2024 12:09pm

Hopefully the $20 mil payment to lender will keep them satisfied enough to extend their Revolving Facility past July 1. A statement by Management would go a long way to assure shareholders. Another question is how does this transaction affect the reserve base announced a couple of weeks ago, with Evi and Provost sold.

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