CALGARY, ALBERTA–(Marketwired – March 24, 2017) – Prairie Provident Resources Inc. (“Prairie Provident” or “PPR” or the “Company”) (TSX:PPR) is pleased to report that it has posted an updated corporate presentation on its website following the closing of its previously announced acquisition of strategic assets in the Greater Red Earth area of northern Alberta, as well as 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 core areas, and ample financial flexibility supported by an active hedge program.
Investors and other interested parties are encouraged to visit www.ppr.ca for further details and to review the updated presentation.
ABOUT PRAIRIE PROVIDENT
PPR is a Calgary-based company engaged in the exploration and development of oil and natural gas properties in Alberta. The Company’s strategy is to focus on the organic and efficient development of its low-risk, conventional oil prospects targeting per share growth in production, reserves and funds flow. PPR’s operations are primarily focused at Wheatland and Princess in Southern Alberta targeting the Ellerslie and Lithic Glauc formation, along with an early stage waterflood project at Evi in the Peace River Arch that was recently supplemented through an asset acquisition. The Company also holds a large acreage position of approximately 240,000 net acres in the Utica shale in Quebec’s Saint Lawrence lowlands. Prairie Provident protects its balance sheet through an active hedging program and manages risk by allocating capital to opportunities offering maximum shareholder returns.
President and Chief Executive Officer
Prairie Provident Resources Inc.
Chief Financial Officer