| Source: Prairie Provident Resources Inc.
CALGARY, Alberta, Oct. 09, 2018 (GLOBE NEWSWIRE) — 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 announcement of its proposed acquisition of Marquee Energy Ltd. and 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
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 Wheatland and Princess in Southern Alberta targeting the Ellerslie and the Lithic Glauc formations, along with an early stage waterflood project at Evi in the Peace River Arch. Prairie Provident protects its balance sheet through an active hedging program and manages risk by allocating capital to opportunities offering maximum shareholder returns.
Prairie Provident Resources Inc. | Web: www.ppr.ca
Tim Granger, President and Chief Executive Officer
Tel: (403) 292-8110