• About
  • Advertise / Contact
  • Copyright
  • Privacy Policy

Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada

  • Home
  • Headlines
  • Editorials
    • Drilling & Services
    • Heavy Oil
    • Oil Stocks
    • Oil Sands
    • Oil and Gas ETFs
    • Pipelines & Midstream

Prairie Provident Resources Announces Second Quarter 2023 Financial and Operating Results

August 26, 2023 via Globenewswire Tagged With: TSX:PPR

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

Prairie Provident Resources Announces Appointment of Dale Miller as Additional Director, AGM Voting Results and Interim Filings Update

August 24, 2023 via Globenewswire Tagged With: TSX:PPR

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

Prairie Provident Resources Announces Delay in Second Quarter 2023 Interim Filings

August 15, 2023 via Globenewswire Tagged With: TSX:PPR

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

Prairie Provident Resources Announces Appointment of Glenn Hamilton and Kathy Turgeon to the Board of Directors

July 14, 2023 via Globenewswire Tagged With: TSX:PPR

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

Prairie Provident Announces Completion of Recapitalization Transactions and Closing of Fully Subscribed C$4 Million Equity Financing

May 16, 2023 via Globenewswire Tagged With: TSX:PPR

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

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:

  • closing today of the Company’s brokered private placement offering of units of the Company (the “Units”) at a price of C$0.09 per Unit, for aggregate gross proceeds to the Company of C$4 million (the “Equity Financing”);
  • completion on March 30, 2023 of the Company’s issuance and sale of second lien
  • … Continue Reading

    Prairie Provident Resources Announces First Quarter 2023 Financial and Operating Results

    May 16, 2023 via Globenewswire Tagged With: TSX:PPR

    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

    Prairie Provident Resources Announces Amendments to Recapitalization Transactions that Significantly Enhance Value to Shareholders

    April 11, 2023 via Globenewswire Tagged With: TSX:PPR

    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

    Prairie Provident Resources Announces Fourth Quarter and Year-End 2022 Financial and Operating Results and Update on Repositioning Plan

    April 1, 2023 via Globenewswire Tagged With: TSX:PPR

    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

    Prairie Provident Resources Announces Closing of $5 Million Second Lien Financing

    March 31, 2023 via Globenewswire Tagged With: TSX:PPR

    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

    Prairie Provident Resources Announces Updated Investor Presentation for Transformative Recapitalization Transactions

    March 29, 2023 via Globenewswire Tagged With: TSX:PPR

    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

    Prairie Provident Resources Announces Transformative Recapitalization Transactions

    March 29, 2023 via Globenewswire Tagged With: TSX:PPR

  • Transactions include Senior Credit Facility Extension, New Second Lien Financing, Repayment of Subordinated Notes with Equity and related Warrant Exercise, and Brokered Equity Financing
  • Completion will significantly reduce total indebtedness by $68 million, repositioning the Company to be 1.5x to 2.0x exit debt-to-EBITDA with estimated free funds flow of $17 million to $22 million in 2023 and further debt reductions targeted in 2024
  • New investment and brokered equity financing to fund immediate working capital needs and ongoing field operations
  • Strengthens financial profile on a pro-forma basis, relieving current financial hardship and allowing PPR to further de-risk its business through low-risk
  • … Continue Reading

    Prairie Provident Announces Year-End 2022 Reserves

    February 1, 2023 via Globenewswire Tagged With: TSX:PPR

    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

    • 1
    • 2
    • 3
    • …
    • 7
    • Next Page »

    Search

    Subscription Options

    Subscribe via RSSSubscribe via Facebook

    Daily Movers

    Ticker Price Chg Chg%

    Recent Articles

    • COMET LITHIUM SUBMITS PERMIT TO DRILL AT LIBERTY
    • NG ENERGY TESTS 25 MMSCFD IN THE RECENTLY IDENTIFIED H4 ZONE RESULTING IN A TOTAL DST TEST OF UP TO 65.2 MMSCFD ACROSS 3 ZONES
    • Tamarack Valley Energy Announces Declaration of Monthly Dividend
    • Pipestone Announces That ISS Reaffirms Recommendation That Shareholders Vote “FOR” Proposed Combination With Strathcona to Create a Leading Canadian Energy Producer; ISS Says Dissident’s Arguments “Do Not Appear Well Supported”
    • Cenovus Energy announces pricing of tender offers for certain outstanding series of notes
    • Gran Tierra Energy Inc. Announces Exchange Offers of Certain Existing Notes for New Notes and the Solicitations of Consents to Proposed Amendments to the Existing Indentures
    • COMET LITHIUM APPOINTS PAUL BLATTER TO THE BOARD OF DIRECTORS
    • Cenovus Energy announces early tender results and increase of tender offers for certain outstanding series of notes
    • COMET LITHIUM APPOINTS MANSOOR JAN NIAZI AS INTERIM CEO AND PRESIDENT
    • NG ENERGY TESTS 23.5 MMSCFD IN THE H2 ZONE AT MARIA CONCHITA

    Categories

    • Drilling & Services (5)
    • Editorials (15)
    • Headlines (14,854)
    • Heavy Oil (1)
    • Oil and Gas ETFs (2)
    • Oil Sands (3)
    • Oil Stocks (16)
    • Pipelines & Midstream (2)
    Copyright © 2017 Canadian Oil Stocks - All Rights Reserved