PPR.TO - Prairie Provident Resources Inc.

Toronto - Toronto Delayed Price. Currency in CAD
0.0550
0.0000 (0.00%)
At close: 11:47AM EST
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Previous Close0.0550
Open0.0500
Bid0.0500 x 0
Ask0.0550 x 0
Day's Range0.0500 - 0.0600
52 Week Range0.0350 - 0.2800
Volume10
Avg. Volume274,360
Market Cap8.6M
Beta (3Y Monthly)2.50
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2015-11-10
1y Target EstN/A
All
News
Press Releases
  • GlobeNewswire

    Prairie Provident Announces Successful Princess Drilling Update

    Prairie Provident Resources Inc. ("PPR" or the "Company") (PPR.TO) announces an operational update highlighting the successful initial results from a new well in the Company’s core Princess operating area. 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. Incorporating volumes from this newest Princess well, the Company’s current corporate production is estimated at approximately 6,500 boe/d based on field receipts, which is at the upper end of PPR’s full year 2019 production guidance.

  • GlobeNewswire

    Prairie Provident Resources Announces Third Quarter 2019 Financial and Operating Results

    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. 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 funds flow1 and solid operating netbacks1 despite continued uncertain market conditions. Subsequent to quarter end, the Company's lenders confirmed continuation of the borrowing base under PPR's senior secured revolving note facility (the "Revolving Facility") at US$60 million and extended the maturity date to April 30, 2021, which preserve the Company's financial flexibility.

  • GlobeNewswire

    Prairie Provident Announces Significant Incremental Reserves Booking Attributable to Evi Waterflood

    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.

  • GlobeNewswire

    Prairie Provident Resources Announces Second Quarter 2019 Financial and Operating Results

    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.

  • GlobeNewswire

    Prairie Provident Announces Continued Drilling and Operational Success and Provides Select Preliminary Q2 2019 Highlights

    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 (“MD&A”) for the three and six months ended June 30, 2019. Incorporating volumes from this newest Princess well, the Company’s current corporate production is estimated at approximately 6,500 boe/d based on field receipts, which is at the upper end of PPR’s full year 2019 production guidance.

  • GlobeNewswire

    Prairie Provident Secures Option to Acquire Additional Princess Acreage and Updates Corporate Presentation

    Prairie Provident’s drilling program to date has demonstrated the Company’s ability to target higher-value oil and liquids-weighted drilling locations, supported by our sizeable asset base.  The Princess area continues to contribute approximately 1,200 boe/d (77% liquids) to overall production. Current development plans include the drilling of two horizontal Glauconite wells and conducting a seismic program in 2019.

  • GlobeNewswire

    Prairie Provident Announces Election of Directors

    CALGARY, Alberta, May 17, 2019 -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") announces that, at its annual and special meeting of shareholders held.

  • GlobeNewswire

    Prairie Provident Announces First Quarter 2019 Financial and Operating Results

    Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") is pleased to announce our operating and financial results for the three months ended March 31, 2019.  PPR’s consolidated financial statements ("Financial Statements") and related Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2019 are available on our website at www.ppr.ca and filed on SEDAR. Production averaged 5,962 boe/d (68% liquids), a 29% increase from the same period in 2018 driven by a successful development program and incremental production volumes from the Marquee acquisition in Q4 2018.  Volumes were impacted by severely cold temperatures, the shut-in of natural gas weighted wells in the Wheatland and other non-operated areas and natural declines.  Subsequent to the quarter, PPR has resumed approximately 400 boe/d of production impacted by cold weather and is currently producing within our 2019 production guidance range of 6,100 to 6,500 boe/d.

  • GlobeNewswire

    Prairie Provident Announces Confirmation of Revolving Facility Borrowing Base and Amendments to Financial Covenants

    Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") is pleased to announce the confirmation of its US$60 million borrowing base under the Company’s senior secured revolving facility (the “Revolving Facility”). PPR has also finalized terms of amending agreements with Prudential Capital Group (“Prudential”) respecting its Revolving Facility and senior subordinated notes (the “Senior Notes”), which relax certain financial covenant thresholds effective for the quarter ending March 31, 2019 through the quarter ending December 31, 2019.

  • GlobeNewswire

    Prairie Provident Announces Fourth Quarter and Year-End 2018 Financial and Operating Results

    CALGARY, Alberta, March 27, 2019 -- Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") is pleased to announce our operating and financial results....

  • GlobeNewswire

    Prairie Provident Announces Fully Funded 2019 Capital Budget and Guidance

    Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce our planned 2019 capital expenditure budget, approved by the Company’s Board of Directors, which underspends forecast 2019 cash flow. With continued volatility and uncertainty in Canadian oil and natural gas prices, coupled with PPR’s ongoing commitment to enhance financial flexibility, the Company believes it has developed a disciplined and conservative budget that reflects the prevailing commodity price environment and the broader market, while supporting balance sheet strength and flexibility.  All 2018 financial amounts herein are unaudited (see Cautionary Statements). PPR elected to set our 2019 capital expenditure budget approximately 57% lower than 2018 pro forma1 capital to reflect prevailing commodity prices and lack of equity market support for growth.  This more conservative capital spending level, coupled with the impact of some non-core dispositions and production that remains shut-in due to low natural gas prices, contributes to 2019 forecast annual production that is only 17% lower than pro forma1 volumes.

  • GlobeNewswire

    Prairie Provident Announces Record Year-End 2018 Reserves and Full-Year Production Volumes

    CALGARY, Alberta, Jan. 31, 2019 -- Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the results of our independent 2018.