Prairie Provident Resources Inc. is pleased to announce our operating and financial results for the three months ended March 31, 2019. PPR’s consolidated financial statements and related Management's Discussion and Analysis for the three months ended March 31, 2019 are available on our website at www.ppr.ca and filed on SEDAR. FIRST QUARTER 2019 HIGHLIGHTS Production averaged 5,962 boe/d , a 29% increase from the [...]
Prairie Provident Resources Inc. is pleased to announce the confirmation of its US$60 million borrowing base under the Company’s senior secured revolving facility . PPR has also finalized terms of amending agreements with Prudential Capital Group respecting its Revolving Facility and senior subordinated notes , which relax certain financial covenant thresholds effective for the quarter ending March 31, 2019 through [...]
Prairie Provident Resources Inc. is pleased to announce our operating and financial results for the three months and year ended December 31, 2018. PPR’s audited consolidated financial statements and related Management's Discussion and Analysis for the three months and year ended December 31, 2018 and annual information form dated March 27, 2019 are available on our website at www.ppr.ca and filed on SEDAR. Through [...]
Prairie Provident Resources Inc. is pleased to announce our planned 2019 capital expenditure budget, approved by the Company’s Board of Directors, which underspends forecast 2019 cash flow. With continued volatility and uncertainty in Canadian oil and natural gas prices, coupled with PPR’s ongoing commitment to enhance financial flexibility, the Company believes it has developed a disciplined and conservative [...]
Prairie Provident Resources Inc. is pleased to announce the results of our independent 2018 year-end reserves evaluation conducted by Sproule Associates Limited with an effective date of December 31, 2018 and provide highlights from our year-end 2018 operations. 2018 RESERVES HIGHLIGHTS Increased proved developed producing , total proved and proved plus probable reserves by 29%, 56% and 64%, respectively, over December [...]
Prairie Provident Resources Inc. announces that the Toronto Stock Exchange has accepted for filing the Company's notice of intention to make a normal course issuer bid . The NCIB effectively renews the existing NCIB, which is scheduled to end on November 30, 2018. Pursuant to the renewed NCIB, Prairie Provident may purchase from time to time up to a maximum of 5,000,000 common shares, at such times and in such quantities [...]
Prairie Provident Resources Inc. today announced that it will host a webcast investor presentation on Wednesday, November 28th at 11:00 AM ET. During the webcast, Tim Granger, president and chief executive officer will provide an update for investors on key areas of Prairie Provident’s business. Investors will have an opportunity to ask relevant questions of PPR’s management team through an interactive Q&a [...]
Prairie Provident Resources Inc. and Marquee Energy Ltd. announce that the Company's previously-disclosed acquisition of Marquee by plan of arrangement under section 193 of the Business Corporations Act, which was approved by approximately 98% of the votes cast by Marquee shareholders at a special meeting held to consider the transaction, and subsequently approved by the Court of Queen's Bench of Alberta, has now closed [...]
Prairie Provident Resources Inc. announces an operational update on successful drilling and completion results from its core Evi area in the Peace River Arch. Evi Drilling Exceeds Expectations As part of its light-oil Granite Wash drilling program, PPR recently drilled four exploration wells in its core Evi area. Two of the wells were successful, with an initial combined swab/flow test rate of about 300 bopd which [...]
Prairie Provident Resources Inc. is pleased to confirm that, in connection with its previously-announced acquisition of Marquee Energy Ltd., the Company elected to obtain requisite approval of the Prairie Provident shareholders by written consent. The acquisition is proposed to be completed by way of statutory plan of arrangement under section 193 of the Business Corporations Act , implementation of which will result in [...]
Prairie Provident Resources Inc. is pleased to announce its operating and financial results for the three and nine months ended September 30, 2018, and to provide an operational update. PPR’s consolidated interim financial statements and related management's discussion and analysis for the three and nine months ended September 30, 2018 are available on its website and filed on SEDAR. Q3 2018 HIGHLIGHTS On September [...]
Prairie Provident Resources Inc. is pleased to announce the closing of its previously announced bought deal financing and strategic private placement, each led by Mackie Research Capital Corporation for total gross proceeds of $5.5 million, including exercise of the over-allotment option under the Bought Deal Financing. Pursuant to the Bought Deal Financing, the Company issued 6,810,200 subscription receipts at a price of [...]
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