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Prairie Provident Reports on AGM Voting Results


Prairie Provident Reports on AGM Voting Results
Prairie Provident Resources Inc.
Calgary, Alberta, CANADA
CALGARY, Alberta, June 29, 2021 (GLOBE NEWSWIRE) Prairie Provident Resources Inc. ( Prairie Provident or the Company ) announces the results of voting on matters submitted to shareholders at the Company s annual meeting held today.
Election of Directors
At the meeting, each of Patrick McDonald, Mimi Lai, Derek Petrie, Ajay Sabherwal and Rob Wonnacott was nominated for election as a director of the Company for the ensuing year. Each such nominee was elected by ordinary resolution, for a term of office ending at the close of the next annual meeting of shareholders. ....

Mimi Lai , William Roach , Derek Petrie , Tony Berthelet , Rob Wonnacott , Patrick Mcdonald , Ajay Sabherwal , Patrickr Mcdonald , Prairie Provident Resources Inc , Ernst Young , Provident Resources , Prairie Provident , Chief Executive Officer , Southern Alberta , Lithic Glauconite , Peace River , Vice President , Chief Financial Officer , மிமி லாய் , வில்லியம் ரோச் , டெரெக் பெட்ரி , பேட்ரிக் மக்டொநல்ட் , ப்ரேரீ வருங்கால வளங்கள் இன்க் , எர்னிஸ்ட இளம் , வருங்கால வளங்கள் , ப்ரேரீ வருங்கால ,

Prairie Provident Resources Announces First Quarter 2021 Results and Successful First Half 2021 Drilling Program


Forward-Looking Statements
This news release contains certain statements (“forward-looking statements”) that constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future performance, events or circumstances, are based upon internal assumptions, plans, intentions, expectations and beliefs, and are subject to risks and uncertainties that may cause actual results or events to differ materially from those indicated or suggested therein. All statements other than statements of current or historical fact constitute forward-looking statements. Forward-looking statements are typically, but not always, identified by words such as “anticipate”, “believe”, “expect”, “intend”, “plan”, “budget”, “forecast”, “target”, “estimate”, “propose”, “potential”, “project”, “continue”, “may”, “will”, “should” or similar words suggesting future outcomes o ....

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Prairie Provident Announces Year-End 2020 Reserves


) costs of $4.78/boe, including technical revisions.
During 2020, the downturn in commodity prices necessitated suspension of capital development so there were no material reserves added from drilling.
Year-end 2020 estimated net present values of future net revenue before tax discounted at 10% (“NPV
10 BT”) for PDP, 1P and 2P reserves totaled $54.7 million, $107.4 million and $218.0 million, respectively.
Approximately 100% of PPR’s total estimated abandonment and reclamation obligations (ARO) is included in the 2020 reserves evaluation (2019 – approximately 79%). 
Reserve life index
(1) was 4.7 years, 10.5 years and 16.0 years on a PDP, 1P and 2P basis, respectively.
Notes:
(1)
Finding & Development Costs and “Reserve Life Index” does not have a standardized meaning. See Cautionary Statements – Disclosure of Oil and Gas Reserves Data and Operational Information and Cautionary Statements – Reserve Life Index below ....

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