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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

TSX:PPR - Post Discussion

Prairie Provident Resources Inc > AER facility transfer application 8/28/24
View:
Post by filefish on Aug 29, 2024 7:33am

AER facility transfer application 8/28/24

Last minute application to sell a non core facility located in an area south east of Calgary.
S10 T19 R25 W4M


Application 1954034
Prairie Provident Resources Canada Ltd.
Public notice of application issued at Calgary, Alberta, on August 28, 2024.
Activity
Application to transfer existing AER licences from the current licensee of record Prairie Provident Resources Canada Ltd. to Journey Energy Inc. Application includes 1 Facility Licence(s).
Comment by Jakarta1 on Aug 29, 2024 9:23am
In the event of a default what happens with this pending sale? I ask because wouldn't this be a waste of time if they know they're about to default and these transactions would just get tied up in bankruptcy proceedings? 
Comment by SilverSam on Aug 29, 2024 9:30am
The transactions are a good indication that they are not likely planning a default.  A buyout offer to remaining shareholders is still a possibility, as stated in my previous post.
Prairie Provident Resources Inc
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