Prairie Provident Resources Inc. provides an operational update on its drilling program in its Princess and Michichi areas. The Company successfully drilled and completed one Ellerslie multi-leg open hole horizontal well, 102/03-24-018-11W4M, in its Princess core area. The well's initial production results are summarized in the following table: Well Identifier Days from Spud to Rig Release Lateral Length Fracture Stages [...]
Prairie Provident Resources announces that, further to the special resolution of Prairie Provident shareholders passed at the annual and special meeting of shareholders held May 22, 2025, the Company will implement a 30-to-1 consolidation of its outstanding common shares, on the basis of one post-Consolidation common share for every 30 pre-Consolidation common shares. The Consolidation will be effective Dec 31, 2025. The [...]
Prairie Provident Resources announces its financial and operating results for the third quarter of 2025. The Company's interim financial statements for the three and nine months ended Sept 30, 2025 and related Management's Discussion and Analysis are available on our website and filed on SEDAR+. Production averaged 2,295 boe/d 1 for Q3 2025, which was 6% or 122 boe/d higher than Q3 2024, due to the increased Basal Quartz [...]
Prairie Provident Resources is pleased to announce completion of its previously-announced preferred share financing, raising C$26.5 million of additional equity capital, and concluded amendments to its debt agreements to extend maturities by 24 months, defer cash interest obligations through 2026, and adjust financial covenants. Equity Financing The Equity Financing was completed through a sale of 264,848 Class A [...]
Prairie Provident Resources is pleased to announce non-binding term sheets for a proposed preferred share financing to raise US$18.9 million of additional equity capital, and for complementary amendments to the agreements governing its senior secured credit facility and outstanding second lien notes to extend maturities by 24 months, defer cash interest obligations through 2026, and adjust financial covenants. The Company [...]
Prairie Provident Resources announces its financial and operating results for the second quarter of 2025. The Company's interim financial statements for the three and six months ended June 30, 2025 and related Management's Discussion and Analysis are available on our website and filed on SEDAR+. In late April 2025, the Company brought on production the three 100% working interest Basal Quartz wells drilled in Q1 2025 [...]
Prairie Provident Resources announces voting results from its annual and special shareholders' meeting held today. A total of 1,216,965,050 common shares, representing approximately 86.8% of the Company's issued and outstanding common shares, were represented in person or by proxy at the Meeting. All of the matters put forward to the shareholders, as set out in the Company's notice of meeting and information circular [...]
Prairie Provident Resources Inc. is pleased to announce strong production results from its three-well Basal Quartz horizontal drilling program in the Michichi area of Central Alberta during the first quarter of 2025. The Company also announces financial and operating results for the first quarter ended March 31, 2025. The Company successfully drilled and completed three BQ horizontal wells that are now all on production [...]
Prairie Provident announces its operating and financial results for the fourth quarter and year ended Dec 31, 2024 and year-end reserves. Prairie Provident's audited annual consolidated financial statements and related Management's Discussion and Analysis for the year ended December 31, 2024 and Annual Information Form, dated March 31, 2025 for the same period are available on the Company's website and filed on SEDAR+ at [...]
Prairie Provident Resources Inc. is pleased to announce the closing of the second and final tranche of its previously announced equity financing, for additional gross proceeds of $3.87 million. Together with the $4.8 million of gross proceeds from the first tranche closing completed on February 19, 2025, the Company raised $8.67 million in aggregate gross proceeds from the financing, through the issuance of, in aggregate [...]
Prairie Provident Resources Inc. is pleased to announce the spud of the Basal Quartz horizontal well 100/14-32-29-18W4. Drilling operations are expected to take eight days to complete, after which the well will be fracture stimulated and brought on-stream. This is the Company's third Basal Quartz well following the successful drilling and completion of 102/03-19-030-18W4 and 100/15-32-029-18W4 in the fourth quarter of [...]
Prairie Provident Resources Inc. is pleased to announce the closing of the first tranche of its recently announced equity financing, for $4,800,000 in gross proceeds from its principal and largest shareholder, PCEP Canadian Holdco, LLC upon the issue of 112,941,176 common shares at a price of $0.0425 per Common Share . The First Tranche Closing is part of the $9,100,000 brokered equity financing previously announced by [...]
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