Prairie Provident Resources Inc. announces an extension to the maturity date of its senior secured credit facility until September 20, 2024 as well as the deferral of all interest payment obligations thereunder. The Company and its lender are actively engaged in discussions on a further extension of the First Lien Loan. ABOUT PRAIRIE PROVIDENT Prairie Provident is a Calgary-based company engaged in the exploration and [...]
Prairie Provident Resources Inc. announces its operating and financial results for the three and six months ended June 30, 2024. The Company's interim consolidated financial statements and related Management's Discussion and Analysis for the second quarter are available on its website at www.ppr.ca and filed on SEDAR+ at www.sedarplus.ca. SECOND QUARTER 2024 FINANCIAL AND OPERATING HIGHLIGHTS Production averaged 2,045 [...]
Prairie Provident Resources Inc. announces an extension to the maturity date of its senior secured credit facility until August 30, 2024 as well as the deferral of all interest payment obligations thereunder. The Company and its lender are actively engaged in discussions on a further extension of the First Lien Loan. The Company also announces that David Stobbe, Senior Controller and Chief Financial Officer has departed [...]
Prairie Provident Resources Inc. announces an extension to the maturity date of its senior secured credit facility until July 31, 2024 as well as the deferral of all interest payment obligations thereunder. The Company and its lender are actively engaged in discussions on a further extension of the First Lien Loan. ABOUT PRAIRIE PROVIDENT Prairie Provident is a Calgary-based company engaged in the exploration and [...]
Prairie Provident Resources Inc. announces voting results from its annual shareholders' meeting held today. At the meeting, each of Patrick McDonald, Glenn Hamilton, Dale Miller, Ryan Rawlyk, Matthew Shyba and Kathy Turgeon was elected, by ordinary resolution, as a director of the Company for the ensuing year, to hold office until the close of the next annual meeting of shareholders. Following are details as to the number [...]
Prairie Provident Resources Inc. announces its operating and financial results for the first quarter ended March 31, 2024. The Company's interim consolidated financial statements and related Management's Discussion and Analysis for the quarter are available on its website at www.ppr.ca and filed on SEDAR+ at www.sedarplus.ca. FIRST QUARTER 2024 FINANCIAL AND OPERATING HIGHLIGHTS Production averaged 2,636 boe/d for the [...]
Prairie Provident Resources Inc. announces its operating and financial results for the fourth quarter and year ended 2023. Prairie Provident's audited annual consolidated financial statements and related Management's Discussion and Analysis for the year ended December 31, 2023 and Annual Information Form dated April 2, 2024 for the same period are available on the Company's website at www.ppr.ca and filed on SEDAR+ at [...]
Prairie Provident Resources Inc. 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 an effective date of August 1, 2023, and certain non-core assets located in the Provost area of Central Alberta for net proceeds of $1.7 million after adjustments, based on an effective date of July 1, 2023. The [...]
Prairie Provident Resources Inc. is pleased to announce the results of its December 31, 2023 independent reserves evaluation conducted by Sproule Associates Limited . The Sproule Report highlights that despite minimal capital spending, reserves additions were realized year-over-year driven primarily by positive technical revisions associated with lower fixed costs, reactivations, and optimizations. A 16-year reserve life [...]
Prairie Provident Resources Inc. is pleased to announce the appointment of Mr. Ryan Rawlyk to the Board of Directors effective January 1, 2024. Its appointment coincides with the previous announcement appointing Mr. Rawlyk as the President & CEO effective January 1, 2024. ABOUT PRAIRIE PROVIDENT: Prairie Provident is a Calgary-based company engaged in the exploration and development of oil and natural gas properties in [...]
Prairie Provident Resources Inc. reports that it has filed amended Management's Discussion and Analysis for the interim period ended September 30, 2023. The Company's originally filed interim MD&A for this period, which was filed with applicable Canadian securities regulatory authorities on November 14, 2023 and is available electronically at www.sedarplus.ca, inadvertently overstated the Company's net debt as at [...]
Prairie Provident Resources Inc. announces our operating and financial results for the quarter ended September 30, 2023. PPR's interim financial statements and related Management's Discussion and Analysis are available on our website at www.ppr.ca and filed on SEDAR+ at www.sedarplus.ca. THIRD QUARTER 2023 FINANCIAL AND OPERATIONAL HIGHLIGHTS The Company entered into agreements to sell its Evi cash-generating unit in [...]