Brief: Prairie Provident Says All Executives' Annual Salary Will Be Reduced By 20% From April

Prairie Provident Resources

27/03/2020 02:33

March 27 (Reuters) - Prairie Provident Resources Inc
 PPR.TO :
    * PRAIRIE PROVIDENT RESOURCES ANNOUNCES FOURTH QUARTER AND
YEAR-END 2019  FINANCIAL AND OPERATING RESULTS
    * CO REVIEWING ITS 2020 BUDGET, INCLUDING EXPLORING ALL
AVENUES TO
REDUCE DEBT, G&A AND OPERATING EXPENSES
    * PRAIRIE PROVIDENT- AFTER COMPLETING MICHICHI WELL, PLAN TO
SUSPEND CAPITAL PROGRAM TO PRESERVE FUTURE DEVELOPMENT ECONOMICS
UNLESS OIL PRICES RECOVER
    * QTRLY TOTAL PRODUCTION 5,725 BOE/D VERSUS 5,937 BOE/D
    * PRAIRIE PROVIDENT RESOURCES -  EFFECTIVE APRIL 2020, ALL
EXECUTIVES' ANNUAL SALARY WILL BE REDUCED BY 20%
    * PRAIRIE PROVIDENT RESOURCES -  BOARD OF DIRECTORS HAS ALSO
AGREED TO REDUCE THEIR ANNUAL REMUNERATION BY 25%

Source text for Eikon:  ID: 
Further company coverage:  PPR.TO 

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