Brief: Prairie Provident Announces 2017 Year-End Reserves

Prairie Provident Resources

29/01/2018 11:31

Jan 29 (Reuters) - Prairie Provident Resources Inc  PPR.TO : 
    * PRAIRIE PROVIDENT ANNOUNCES 2017 YEAR-END RESERVES AND 
2018 
BUDGET AND POSTS UPDATED PRESENTATION 
    * PRAIRIE PROVIDENT RESOURCES INC SEES 2018 FULLY-FUNDED 
CAPITAL 
BUDGET SET AT $26 MILLION (BEFORE CAPITALIZED G&A AND ARO) 
    * PRAIRIE PROVIDENT RESOURCES INC - EXPECTED TO GENERATE 
AVERAGE 
FULL-YEAR 2018 PRODUCTION BETWEEN 5,200 TO 5,600 BOE PER DAY 
    * PRAIRIE PROVIDENT RESOURCES INC - 2018 PRODUCTION IS 
EXPECTED 
TO HAVE A LIQUIDS-WEIGHTING OF 68 PCT TO 71PCT, COMPARED TO 
65PCT IN 2017 
    * PRAIRIE PROVIDENT RESOURCES - YEAR-END 2018 LONG-TERM 
DEBT IS 
EXPECTED TO BE APPROXIMATELY $58 MILLION (NET OF CASH 
COLLATERALIZED FOR LETTERS OF CREDIT) 
 
Source text for Eikon:  ID:nGNXOMRQFa  
Further company coverage:  PPR.TO  
 
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