Category Archives: News Releases

Prairie Provident Resources Announces Updated Investor Presentation for Transformative Recapitalization Transactions

Calgary, Alberta – March 29, 2023 – 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…

Prairie Provident Announces Year-End 2022 Reserves

Calgary, Alberta – February 1, 2023 – 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…

Prairie Provident Resources Announces Management Change

Calgary, Alberta – December 19, 2022 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce the appointment of Patrick R. McDonald, who has served as Chairman of the Company since March 2011 and continues in that role, as Interim Chief Executive Officer. Mr. McDonald succeeds R. Anthony Berthelet, who previously…

Prairie Provident Resources Announces Decision in NAFTA Case

Calgary, Alberta – November 22, 2022 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) announces that its wholly-owned subsidiary, Lone Pine Resources Inc. (“LPRI”), did not receive a favourable decision in its arbitration claim under the North American Free Trade Agreement (NAFTA), arising from actions taken by the Government of Quebec in 2011…

Prairie Provident Resources Announces Third Quarter 2022 Financial and Operating Results

Calgary, Alberta – November 9, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three and nine months ended September 30, 2022. PPR’s unaudited condensed interim consolidated financial statements for the three and nine months ended September 30, 2022 and related Management’s Discussion…

Prairie Provident Resources Announces Strong Second Quarter 2022 Financial and Operating Results

Calgary, Alberta – August 8, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three and six months ended June 30, 2022.  PPR’s unaudited condensed interim consolidated financial statements for the three and six months ended June 30, 2022 and related Management’s Discussion and Analysis…

Prairie Provident Announces New Board Member

Calgary, Alberta – June 26, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the appointment of Matthew Shyba to its Board of Directors (the “Board”), effective July 1, 2022. Mr. Shyba owns 4,238,097 common shares of PPR, representing approximately 3.3% of the issued and outstanding common shares…

Prairie Provident Updates 2022 Capital Budget and Non-Core Disposition Process

Calgary, Alberta – June 12, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce an update to its 2022 capital budget and non-core disposition process. MESSAGE TO SHAREHOLDERS Tony Berthelet, President & Chief Executive Officer, commented: “Given significantly higher oil and natural gas prices, PPR has chosen to…

Prairie Provident Reports on AGM Voting Results

Calgary, Alberta – May 26, 2022 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) announces shareholder voting results on the election of directors and appointment of an auditor, as considered by shareholders at the Company’s annual meeting held today. ELECTION OF DIRECTORS At the meeting, each of Patrick McDonald, Bettina Pierre-Gilles, Ajay Sabherwal…

Prairie Provident Announces Director Retirements and Planned Board Refreshment

Calgary, Alberta – May 24, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) announces that Mr. Derek Petrie and Mr. Rob Wonnacott have decided to retire from the Board of Directors (the “Board”) and will not be standing for re-election at this week’s annual shareholders’ meeting to be held at 10:00…