CALGARY, Alberta, Aug. 25, 2023 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) announces our operating and financial results for the quarter ended June 30, 2023. PPR’s interim financial statements and related Management’s Discussion and Analysis (MD&A) are available on our website at www.ppr.ca and filed on SEDAR at www.sedar.com.

MESSAGE TO SHAREHOLDERS

Patrick McDonald, Interim President and CEO commented: “With the May 2023 completion of the Company’s recapitalization transactions, Prairie Provident is positioned to focus on the creation of and unlocking of value which exists within the company’s asset base. The operations team has … Continue Reading

CALGARY, Alberta, Aug. 24, 2023 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (TSX:PPR) (“Prairie Provident” or the “Company”) is pleased to announce the appointment of Mr. Dale Miller to its Board of Directors (the “Board”), voting results from its annual shareholders’ meeting held yesterday, and an update on its pending interim filings.

Board Appointment

Mr. Miller has been appointed as an additional director of the Company, joining the other Board members re-elected at yesterday’s shareholders’ meeting.

“We are delighted to have Dale join the Board and look forward to his contributions to the continuing transformation of the Company. Mr. Miller … Continue Reading

CALGARY, Alberta, Aug. 14, 2023 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (TSX:PPR) (“Prairie Provident” or the “Company”) announces today a delay in the filing of its interim financial report for the interim period ended June 30, 2023 and related management’s discussion and analysis and management certifications for the same period (collectively, the “Q2 Filings”) past today’s deadline as prescribed under Canadian securities laws. The delay and corresponding filing default is expected to be relatively brief, as the Company anticipates completing the Q2 Filings on or before August 22, 2023.

The delay arises from the transitional effect of a temporary … Continue Reading

CALGARY, Alberta, July 14, 2023 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (TSX:PPR) (“Prairie Provident” or the “Company”) is pleased to announce the appointment of Mr. Glenn Hamilton and Ms. Kathy Turgeon to its Board of Directors (the “Board”).

“We are excited to have Glenn and Kathy join the Board and look forward to their contributions to the continuing transformation of the Company, which began with the recapitalization completed in May 2023. They bring extensive experience serving as senior executives and members of corporate boards in the oil and gas exploration and production industry as well as other industries and … Continue Reading

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CALGARY, Alberta, May 16, 2023 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (TSX:PPR) (the “Company”), is pleased to announce the completion of its previously announced recapitalization transactions (collectively, the “Recapitalization”). The Recapitalization included the following principal transactions:

CALGARY, Alberta, May 15, 2023 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) announces our operating and financial results for the first quarter ended March 31, 2023. PPR’s interim financial statements and related Management’s Discussion and Analysis (MD&A) are available on our website at www.ppr.ca and filed on SEDAR at www.sedar.com.

MESSAGE TO SHAREHOLDERS

Patrick McDonald, Interim President and CEO commented: “The operations team has done an excellent job of maintaining production levels through the first quarter of 2023 while deploying minimal capital. The Company continues to pursue non-core asset sales and other transactions … Continue Reading

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

CALGARY, Alberta, April 11, 2023 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (TSX: PPR) (“Prairie Provident” or the “Company”) announces amendments to the terms of the equity financing and debt settlement components of its previously announced recapitalization transactions (collectively, the “Recapitalization”).

Pursuant to the amended terms, the Company’s brokered private placement equity offering (the “Equity Financing”) of units (“Units”) on a commercially reasonable efforts basis, for gross proceeds of C$4,000,000, will be conducted at an amended issue price of C$0.09 per Unit, with each Unit now … Continue Reading

CALGARY, Alberta, April 01, 2023 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) announces our operating and financial results for the fourth quarter and year ended 2022. PPR’s audited annual consolidated financial statements and related Management’s Discussion and Analysis (MD&A) and annual information form dated March 31, 2023 (AIF) are available on our website at www.ppr.ca and filed on SEDAR at www.sedar.com.

MESSAGE TO SHAREHOLDERS

Although the Company achieved production only slightly (6%) below previously guided volumes, 2022 saw headwinds for Prairie Provident, primarily through $25.5 million of realized hedging losses from mandatory credit facility … Continue Reading

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.

CALGARY, Alberta, March 31, 2023 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (TSX: PPR) (“Prairie Provident” or the “Company”) is pleased to announce that it has completed the issuance of second lien notes due December 31, 2024 in the principal amount of US$3.64 million (equivalent to approximately C$5 million) (the “Second Lien Notes”) with certain affiliates of PCEP Canadian Holdco, LLC (the “PCEP”) (the “Second Lien Financing”). The Second Lien Financing is being completed in connection with the recently announced recapitalization transactions (collectively, the “Recapitalization”). PCEP is … Continue Reading

CALGARY, Alberta, March 29, 2023 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce that it has released an updated investor presentation in connection with its recently announced recapitalization transactions (collectively, the “Recapitalization”). The presentation outlines the Company’s pro-forma financial profile and guidance, investment highlights, capital expenditure and optimization program, growth opportunities in its deep inventory of low-risk, in-fill drilling, and details on its development assets.

The presentation can be accessed on the Company’s website at https://www.ppr.ca/investors/.

Please refer to the press release dated today announcing the Recapitalization for additional details.

ABOUT … Continue Reading

CALGARY, Alberta, Feb. 01, 2023 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the results of our independent 2022 year-end reserves evaluation conducted by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2022 (the “Sproule Report”).  

MESSAGE TO SHAREHOLDERS

The 2022 year-end updated reserves evaluation highlights reserve additions in all categories year over year driven by positive technical revisions associated with reactivations and optimizations, lower fixed costs, and waterflood recovery performance as well as proven undeveloped additions and price. A 14-year Reserve life index on a total proved … Continue Reading