Prairie Provident Resources Inc. is pleased to announce the results of our independent 2021 year-end reserves evaluation conducted by Sproule Associates Limited with an effective date of December 31, 2021. MESSAGE TO SHAREHOLDERS Tony Berthelet, President & Chief Executive Officer commented: "The 2021 year-end updated reserves evaluation confirms the underlying value of PPR's assets. With a 13-year reserve life index on a [...]
Prairie Provident Resources Inc. is pleased to announce the renewal of its senior secured revolving note facility. The renewal extends the maturity date and revolving period by a full year from December 31, 2022 to December 31, 2023, and includes complementary amendments to the terms of both the Revolving Facility as well as the Company's outstanding senior subordinated notes . The amendments provide Prairie Provident [...]
Prairie Provident Resources Inc. is pleased to provide an operational update outlining the successful second half 2021 drilling program in its core Princess area. Two Lithic Glauconite horizontal wells and one Ellerslie horizontal well were brought online in the second half of 2021. Current corporate average daily production based on field estimates is approximately 5,175 boe/d1 . Princess Area Update The 2021 second half [...]
Prairie Provident Resources Inc. today announces our financial and operating results for the three and nine months ended September 30, 2021. PPR's unaudited condensed interim consolidated financial statements for the three and nine months ended September 30, 2021 and related Management's Discussion and Analysis for the same periods are available on our website at www.ppr.ca and filed on SEDAR. MESSAGE TO SHAREHOLDERS Tony [...]
Prairie Provident Resources Inc. today announces our financial and operating results for the three and six months ended June 30, 2021. PPR's unaudited condensed interim consolidated financial statements for the three and six months ended June 30, 2021 and related Management's Discussion and Analysis for the same periods are available on our website at www.ppr.ca and filed on SEDAR. MESSAGE TO SHAREHOLDERS Tony Berthelet [...]
Prairie Provident Resources Inc. announces the results of voting on matters submitted to shareholders at the Company's annual meeting held today. Election of Directors At the meeting, each of Patrick McDonald, Mimi Lai, Derek Petrie, Ajay Sabherwal and Rob Wonnacott was nominated for election as a director of the Company for the ensuing year. Each such nominee was elected by ordinary resolution, for a term of office [...]
Prairie Provident Resources Inc. announces the appointment of Tony Berthelet as President and Chief Executive Officer. Mr. Berthelet comes to Prairie Provident with more than 23 years of subsurface evaluation, field development, production operations and asset management experience in the oil and gas industry. He has a deep technical background and extensive executive qualifications, having most recently served as Chief [...]
Prairie Provident Resources Inc. today announces our financial and operating results for the three months ended March 31, 2021. PPR's unaudited condensed interim consolidated financial statements for the three months ended March 31, 2021 and related Management's Discussion and Analysis for the three months ended March 31, 2021 are available on our website at www.ppr.ca and filed on SEDAR. Q1 2021 HIGHLIGHTS Successful [...]
Prairie Provident Resources Inc. announces today that Tony van Winkoop, who currently serves as Chief Executive Officer and a director, has elected to retire from the Company effective May 1, 2021. Mimi Lai, Chief Financial Officer of Prairie Provident and its predecessor since January 2015, has been appointed Interim Chief Executive Officer by the Company's board of directors. "The shareholders, employees and directors [...]
Prairie Provident Resources Inc. is pleased to announce our operating and financial results for the three months and year ended December 31, 2020. PPR's audited consolidated financial statements and related Management's Discussion and Analysis for the three months and year ended December 31, 2020 and annual information form dated March 25, 2021 are available on our website at www.ppr.ca and filed on SEDAR. In the spring [...]
Prairie Provident Resources Inc. announces the cancellation of 44,711,330 common shares, representing approximately 25.9% of the total number of common shares previously outstanding, pursuant to a disposition and surrender of all such shares to the Company by an account managed by Goldman Sachs Asset Management L.P. for nominal consideration. The transaction removes all 44,711,330 common shares from the Company's [...]
Prairie Provident Resources Inc. is pleased to announce the results of our independent 2020 year-end reserves evaluation conducted by Sproule Associates Limited with an effective date of December 31, 2020 . With recent commodity price recovery and additional liquidity provided by our lender, Prairie Provident has restarted its development program focusing on the Glauconite and Ellerslie formations in the Princess area. We [...]
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