Prairie Provident Announces Updated Corporate Presentation
October 09 2018 - 2:55PM
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.
FURTHER INFORMATION
Prairie Provident Resources Inc. | Web:
www.ppr.ca
Tim Granger, President and Chief Executive Officer Tel: (403)
292-8110 Email: tgranger@ppr.ca
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