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 [...]
Prairie Provident Resources Inc. is pleased to report that it has posted an updated corporate presentation on its website following the announcement of its proposed acquisition of Marquee Energy Ltd. and the related financing. PPR is an oil and liquids weighted company with low-decline production that generates attractive netbacks in the current environment. The Company has high working interests and operatorship in its [...]
Prairie Provident Resources Inc. is pleased to announce that it has obtained a receipt for its final prospectus filed in connection with the previously announced revised bought deal short form prospectus offering for total gross proceeds of $4,000,350 in all provinces of Canada except Quebec. In addition to the Bought Deal Financing, the Company is undertaking a $1.1 million private placement with an existing strategic [...]
Prairie Provident Resources Inc. is pleased to announce that it has entered into a revised agreement with Mackie Research Capital Corporation , as lead underwriter and bookrunner, to increase the size of the previously announced bought deal short form prospectus financing to a total amount of $4,000,350, representing 6,411,000 subscription receipts of the Company and 3,261,000 Common Shares on a “flow-through&rdquo [...]
Prairie Provident Resources Inc. and Marquee Energy Ltd. are pleased to announce that they have entered into an agreement to effect the acquisition of Marquee by way of a plan of arrangement. Under the terms of the Arrangement, Marquee shareholders will receive 0.0886 of a Prairie Provident common share for each Marquee share. Based on Prairie Provident's closing price of $0.42 on September 12, 2018, the exchange ratio [...]
Prairie Provident Resources Inc. is pleased to provide an operational update on successful drilling and completion results from its core Princess area. Corporate average daily production based on field estimates is approximately 5,750 boe/d , with approximately 150 boe/d of additional production shut-in due to infrastructure capacity constraints at the Princess area. Based on current and projected production rates [...]
Prairie Provident Resources Inc. is pleased to announce its operating and financial results for the three and six months ended June 30, 2018, and to provide an operational update. PPR’s consolidated financial statements and related Management's Discussion and Analysis for the three and six months ended June 30, 2018 are available on its website and filed on SEDAR. HIGHLIGHTS Production averaged 5,146 boe/d in the [...]
CALGARY, Alberta, July 30, 2018 -- Prairie Provident Resources Inc. is pleased to provide an operational update on successful drilling and completion results from its core Princess area. Corporate average daily production based on field estimates for the week ending July 27, 2018 was approximately 6,000 boe/d , a 30% increase over average daily Q1 2018 production. Based on current and projected production rates, Prairie [...]
CALGARY, Alberta, June 07, 2018 -- Prairie Provident Resources Inc. wishes to confirm that the Company’s management is unaware of any material undisclosed change in the Company’s operations or corporate position that would account for the recent market volatility. Prairie Provident is pleased to report that its core western Canadian operations remain on track. Over the last week, production averaged [...]
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