CALGARY, Alberta, May 14, 2020 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three months ended March 31, 2020. PPR’s unaudited condensed interim consolidated financial statements for the three months ended March 31, 2020 (“Interim Financial Statements”) and related Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2020 are available on our website at www.ppr.ca and filed on SEDAR.

PPR’s first-quarter financial results reflect the significant decline in global energy demand and resultant impact on crude oil pricing caused by the COVID-19 … Continue Reading

CALGARY, Alberta, April 21, 2020 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces that, in light of the pronounced uncertainties affecting the oil and gas industry, with the COVID-19 pandemic continuing to drive a significant falloff in global energy consumption and deeply depressed oil prices, the Company has engaged with its lenders to agree to interim measures for near-term objectives.

The Company suspended its capital program in response to the current economic environment and will restrict its capital spending to a small suite of maintenance and required decommissioning projects. Cash flows will … Continue Reading

CALGARY, Alberta, March 26, 2020 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce our operating and financial results for the three months and year ended December 31, 2019. PPR’s audited consolidated financial statements and related Management’s Discussion and Analysis (“MD&A”) for the three months and year ended December 31, 2019 and annual information form dated March 26, 2020 (“AIF”) are available on our website at www.ppr.ca and filed on SEDAR.

Prairie Provident continued to successfully execute our strategic plan throughout the year, delivering strong operational performance and responsibly maintaining stable production … Continue Reading

CALGARY, Alberta, Feb. 18, 2020 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today posted an updated corporate presentation on our website.  Investors and other interested parties are encouraged to visit www.ppr.ca to review the updated presentation.

ABOUT PRAIRIE PROVIDENT

Prairie Provident 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 grow organically in combination with accretive acquisitions of conventional oil prospects, which can be efficiently developed. Prairie Provident’s operations are primarily focused at the Michichi and Princess areas in Southern … Continue Reading

CALGARY, Alberta, Feb. 03, 2020 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the results of our independent 2019 year-end reserves evaluation conducted by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2019 (the “Sproule Report”).  

2019 RESERVES HIGHLIGHTS

CALGARY, Alberta, Nov. 21, 2019 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“PPR” or the “Company”) (TSX:PPR) announces an operational update highlighting the successful initial results from a new well in the Company’s core Princess operating area.

Princess Area New Well Results

PPR’s latest 102/08-04-021-11W4 well is the Company’s seventh successful Lithic Glauconite well drilled in the last two years in the Princess area.  Starting November 16, 2019, the Princess well flowed for 93 hours and produced at an average flow rate of 1,067 boe/d (78% liquids) over the last 37 hours of the production test.  The flowing … Continue Reading

CALGARY, Alberta, Nov. 13, 2019 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce its operating and financial results for the three and nine months ended September 30, 2019. PPR’s consolidated financial statements (“Financial Statements”) and related Management’s Discussion and Analysis (“MD&A”) for the three and nine months ended September 30, 2019 are available on our website at www.ppr.ca and filed on SEDAR.

Prairie Provident continued to successfully execute its strategic plan during the third quarter of 2019, delivering strong operational performance and responsibly maintaining stable production volumes while generating positive adjusted … Continue Reading

CALGARY, Alberta, Sept. 18, 2019 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the results of an updated independent reserves evaluation of the Company’s interests in respect to specific reserve entities within three future undeveloped waterflood expansion areas in Evi (“Evi Waterflood Areas”). The evaluation was conducted by Sproule Associates Limited (“Sproule”), independent qualified reserves evaluators, with an effective date of May 31, 2019 (the “Evi Waterflood Report”), and supplements Sproule’s year-end evaluation of the Company’s total corporate reserves as at December 31, 2018.

The results of the Evi Waterflood Report, … Continue Reading

CALGARY, Alberta, Aug. 08, 2019 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announced operating and financial results for the three and six months ended June 30, 2019.  PPR’s consolidated financial statements (“Financial Statements”) and related Management’s Discussion and Analysis (“MD&A”) for the three and six months ended June 30, 2019 are available on our website at www.ppr.ca and filed on SEDAR.

HIGHLIGHTS

CALGARY, Alberta, July 17, 2019 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to provide an operational update outlining the successful initial results from a new well, which supports the Company’s established asset base within the southern portion of its core Princess area.  In addition, the Company is pleased to share select preliminary Q2 2019 unaudited financial and operating highlights.  Full Q2 2019 results are expected to be available and announced on August 8, 2019 in connection with the SEDAR filing of Prairie Provident’s interim Financial Statements and related Management’s Discussion and Analysis … Continue Reading

CALGARY, Alberta, May 21, 2019 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) confirms that the Company has entered into an agreement securing an exclusive option to acquire up to 21 additional sections of land in the Princess area by year-end.  The Company’s net undeveloped land holdings in the Princess area will be expanded to a total of 48,582 acres if the option is fully exercised, further increasing PPR’s inventory of high-quality Lithic Glauconite prospects that represent important contributors to our future growth. … Continue Reading

CALGARY, Alberta, May 17, 2019 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) announces that, at its annual and special meeting of shareholders held May 16, 2019, the seven nominees set out in the Company’s information circular dated April 5, 2019 were elected as directors. Detailed voting results on the election of each nominee are set out below.… Continue Reading