Prairie Provident Resources Inc T.PPR

New Press Release - Prairie Provident Resources Provides Basal Quartz Drilling Update

CALGARY, Alberta, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") (TSX:PPR) is pleased to provide an update on its first two Basal Quartz wells in the Michichi area of Central Alberta.Prairie Provident spud the first Basal Quartz...read article.

[filefish]

Initial thoughts:  Wells underperformed their BQ type projections. Mechanical problem with well 2, limiting output. Higher gas to oil % than projected. At least they now have more revenue coming in, but was also hoping to hear that plans for next round of drills were in the works.  

[SilverSam]

This is an overall good-news-event!  It has been a long time since PPR gave its shareholders anything  about which to smile. and cheer.  Sure, the results could have been better, but they also could have been worse!  There will be more wells drilled, now that they have initial results, and the possibilities for future well production give hope back to a company and to

[filefish]

SilverSam,  you're right, and thanks for taking a positive view. It's been 2 years since this Company even drilled a new well, so at least they are moving in the right direction. I would like to hear about PPR's drilling plan/finances going forward so I'll ask them.