Sign Up for FREE Daily Energy News
CDN NEWS  |   US NEWS  | TIMELY. FOCUSED. REVELANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • instagram
  • youtube2
BREAKING NEWS:
WEC - Western Engineered Containment
Hazloc Heaters
Copper Tip Energy Services
Copper Tip Energy
Hazloc Heaters
WEC - Western Engineered Containment

Prairie Provident Announces Updated Corporate Presentation


FOR: PRAIRIE PROVIDENT RESOURCES INC.
TSX SYMBOL: PPR

Date issue: March 24, 2017
Time in: 7:00 AM e

Attention:

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.

- END RELEASE - 24/03/2017

For further information:
Prairie Provident Resources Inc.
Tim Granger
President and Chief Executive Officer
(403) 292-8110
tgranger@ppr.ca
OR
Prairie Provident Resources Inc.
Mimi Lai
Chief Financial Officer
(403) 292-8171
mlai@ppr.ca
www.ppr.ca

COMPANY:
FOR: PRAIRIE PROVIDENT RESOURCES INC.
TSX SYMBOL: PPR

INDUSTRY: Energy and Utilities - Oil and Gas
RELEASE ID: 20170324CC0011

Press Release from Marketwired 1-866-736-3779

All press releases are written by the client and have NO affiliation with the news copy written by The Canadian Press. Any questions that arise due to the content or information provided in the press release should be directed to the company/organization issuing the release, not to The Canadian Press.



Share This:



More News Articles


New SHOWCASE Directory Companies

 

Muddy Boots
Axis Communciations
The Coverall Shop
Delta Remediation Inc.
Di-Corp
Payload Technologies Inc.
Smart-Project Management Inc. / Trusted Pipeline Advisor
Vista Projects Limited