Brief: Prairie Provident Resources Says Unit Lone Pine Did Not Receive Favourable Decision In Arbitration Claim Under NAFTA

Prairie Provident Resources

22/11/2022 06:35

Nov 22 (Reuters) - Prairie Provident Resources Inc
 PPR.TO :
    * PRAIRIE PROVIDENT RESOURCES - UNIT  LONE PINE DID NOT
RECEIVE
FAVOURABLE DECISION IN  ARBITRATION CLAIM UNDER NORTH AMERICAN
FREE TRADE AGREEMENT
    * PRAIRIE PROVIDENT RESOURCES INC-HAD NOT FACTORED RECEIPT
OF ANY
PROCEEDS FROM NAFTA CLAIM INTO ITS BUSINESS PLAN FOR 2022 OR ANY
FUTURE PERIOD
    * PRAIRIE PROVIDENT RESOURCES - ARBITRATION CLAIM FROM
ACTIONS
TAKEN BY GOVERNMENT IN 2011 TO CANCEL, WITHOUT COMPENSATION,
SOME OIL AND GAS RIGHTS HELD BY CO
    * PRAIRIE PROVIDENT - EXPENSED IN PRIOR PERIODS MAJORITY OF
LEGAL,
OTHER FEES INCURRED TO DATE, EXPECTS THAT ANY FURTHER COSTS WILL
NOT BE MATERIAL

Source text for Eikon:  ID:nGNXbkxZHn 
Further company coverage:  PPR.TO 
 ((Reuters.Briefs@thomsonreuters.com;))