Calgary, Alberta – August 12, 2026 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its financial and operating results for the second quarter of 2026. The Company’s interim financial statements for the three and six months ended June 30, 2026, and…
Calgary, Alberta – May 21, 2026 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces voting results from its annual and special shareholders’ meeting held today (the “Meeting”). A total of 39,148,743 common shares, representing approximately 83.8% of the Company’s issued and…
Calgary, Alberta – May 14, 2026 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its financial and operating results for the first quarter of 2026. The Company’s interim financial statements for the three months ended March 31, 2026 and related Management’s…
Calgary, Alberta – March 31, 2026 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its financial and operating results for the fourth quarter and year ended December 31, 2025, along with its year-end reserves. Prairie Provident’s audited annual consolidated financial statements…
Calgary, Alberta – January 7, 2026 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) provides an operational update on its drilling program in its Princess and Michichi areas. The Company successfully drilled and completed one Ellerslie multi-leg open hole horizontal well, 102/03-24-018-11W4M,…
Prairie Provident Resources Inc. LETTER OF TRANSMITTAL This letter of transmittal (“Letter of Transmittal”) relates to the 30-to-1 consolidation (the “Consolidation”) of the outstanding common shares (“Shares”) of Prairie Provident Resources Inc. (“Prairie Provident”), completed effective December 31, 2025, on the basis of one (1)…
Calgary, Alberta – December 30, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces that, further to the special resolution of Prairie Provident shareholders passed at the annual and special meeting of shareholders held May 22, 2025, the Company will implement…
Calgary, Alberta – November 14, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its financial and operating results for the third quarter of 2025. The Company’s interim financial statements for the three and nine months ended September 30, 2025 and…
Calgary, Alberta – November 3, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce completion of its previously-announced preferred share financing (the “Equity Financing”), raising C$26.5 million of additional equity capital, and concluded amendments to its debt agreements…
Calgary, Alberta – October 21, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce non-binding term sheets for a proposed preferred share financing (the “Proposed Financing”) to raise US$18.9 million (approximately C$26.5 million at current exchange rates) of…
Calgary, Alberta – August 12, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its financial and operating results for the second quarter of 2025. The Company’s interim financial statements for the three and six months ended June 30, 2025 and…
Calgary, Alberta – May 22, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces voting results from its annual and special shareholders’ meeting held today (the “Meeting”). A total of 1,216,965,050 common shares, representing approximately 86.8% of the Company’s issued and…
Calgary, Alberta – May 13, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce strong production results from its three-well Basal Quartz (“BQ”) horizontal drilling program in the Michichi area of Central Alberta during the first quarter of 2025.…
Calgary, Alberta – March 31, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its operating and financial results for the fourth quarter and year ended December 31, 2024 and year-end reserves. Prairie Provident’s audited annual consolidated financial statements and related…
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Calgary, Alberta – March 5, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the closing of the second and final tranche of its…
Calgary, Alberta – February 27, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the spud of the Basal Quartz horizontal well 100/14-32-29-18W4. Drilling operations are expected to take eight days to complete, after which the well will…
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Calgary, Alberta – February 20, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the closing of the first tranche of its recently announced…
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Calgary, Alberta – February 11, 2025 – Prairie Provident Resources Inc. (TSX:PPR) (“Prairie Provident” or the “Company”) is pleased to announce that it has entered into an agreement with Research Capital…
Calgary, Alberta – December 18, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to provide an update on its first two Basal Quartz wells in the Michichi area of Central Alberta. Prairie Provident spud the first Basal Quartz horizontal…
Calgary, Alberta – November 14, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its financial and operating results for the three and nine months ended September 30, 2024. The Company’s condensed interim consolidated financial statements (“Financial Statements”) for the three and…
TAKE NOTICE that effective December 1, 2024, PRAIRIE PROVIDENT RESOURCES CANADA LTD. will be moving the Head Office to the location listed below: The telephone & emergency numbers, GST number and BA number will remain the same. PRAIRIE PROVIDENT RESOURCES CANADA LTD. #1000, 500 –…
Calgary, Alberta – October 31, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the successful completion of its previously announced equity rights offering (the “Rights Offering”), which expired at 5:00 p.m. (Mountain time) on October 28, 2024.…
Calgary, Alberta – October 30, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces that Ryan Rawlyk has resigned as President and Chief Executive Officer of Prairie Provident to pursue other interests. In conjunction with Mr. Rawlyk’s resignation, the Company announces…
Calgary, Alberta – September 30, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the closing of the initial $10.0 million subscription by its principal shareholder, PCEP Canadian Holdco, LLC (“PCEP”), under the Company’s previously-announced $13.2 million rights…
Calgary, Alberta – September 13, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces an agreement to extend the maturity of its senior secured credit facility (the “First Lien Loan”) to March 31, 2026 and enhance its flexibility with modified covenants.…
Calgary, Alberta – August 30, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces an extension to the maturity date of its senior secured credit facility (the “First Lien Loan”) until September 20, 2024 as well as the deferral of all…
CALGARY, Alberta, Aug. 14, 2024 — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its operating and financial results for the three and six months ended June 30, 2024. The Company’s interim consolidated financial statements and related Management’s Discussion and Analysis (MD&A)…
CALGARY, Alberta, July 30, 2024 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces an extension to the maturity date of its senior secured credit facility (the “First Lien Loan”) until August 30, 2024 as well as the deferral of…
Calgary, Alberta – June 27, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces an extension to the maturity date of its senior secured credit facility (the “First Lien Loan”) until July 31, 2024 as well as the deferral of all…
Calgary, Alberta – May 15, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces voting results from its annual shareholders’ meeting held today. At the meeting, each of Patrick McDonald, Glenn Hamilton, Dale Miller, Ryan Rawlyk, Matthew Shyba and Kathy Turgeon…
Calgary, Alberta – May 15, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its operating and financial results for the first quarter ended March 31, 2024. The Company’s interim consolidated financial statements and related Management’s Discussion and Analysis (MD&A) for…
Calgary, Alberta – April 2, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its operating and financial results for the fourth quarter and year ended 2023. Prairie Provident’s audited annual consolidated financial statements and related Management’s Discussion and Analysis (MD&A) …
CALGARY, Alberta, March 5, 2024 (TSX:PPR) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce that it has closed the previously announced sales of its Evi assets in Northern Alberta for net proceeds of $22.5 million after adjustments, based on…
CALGARY, Alberta, Feb. 22, 2024 — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX: PPR) is pleased to announce the results of its December 31, 2023 independent reserves evaluation (the “Sproule Report”) conducted by Sproule Associates Limited (“Sproule”). The Sproule Report highlights that…
Calgary, Alberta – Dec 14, 2023 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce the appointment of Mr. Ryan Rawlyk to the Board of Directors effective January 1, 2024. Its appointment coincides with the previous announcement appointing Mr. Rawlyk…
Calgary, Alberta – November 20, 2023 – Prairie Provident Resources Inc. (the “Company”) reports that it has filed amended Management’s Discussion and Analysis (MD&A) for the interim period ended September 30, 2023. The Company’s originally filed interim MD&A for this period, which was filed with…
Calgary, Alberta – November 14, 2023 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) announces our operating and financial results for the quarter ended September 30, 2023. PPR’s interim financial statements and related Management’s Discussion and Analysis (MD&A) are available on our website…
CALGARY, Alberta, October 30, 2023 (TSX:PPR) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce that it has entered into a definitive agreement with a private oil and gas company to sell the Company’s Evi cash-generating unit located in northern…
Calgary, Alberta – August 25, 2023 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) announces our operating and financial results for the quarter ended June 30, 2023. PPR’s interim financial statements and related Management’s Discussion and Analysis (MD&A) are available on our…
Calgary, Alberta – August 24, 2023 – Prairie Provident Resources Inc. (TSX:PPR) (“Prairie Provident” or the “Company”) is pleased to announce the appointment of Mr. Dale Miller to its Board of Directors (the “Board”), voting results from its annual shareholders’ meeting held yesterday, and an update on…
CALGARY, Alberta, Aug. 14, 2023 — Prairie Provident Resources Inc. (TSX:PPR) (“Prairie Provident” or the “Company”) announces today a delay in the filing of its interim financial report for the interim period ended June 30, 2023 and related management’s discussion and analysis and management certifications…
Calgary, Alberta – July 14, 2023 – Prairie Provident Resources Inc. (TSX:PPR) (“Prairie Provident” or the “Company”) is pleased to announce the appointment of Mr. Glenn Hamilton and Ms. Kathy Turgeon to its Board of Directors (the “Board”). “We are excited to have Glenn and…
CALGARY, Alberta, May 16, 2023 — Prairie Provident Resources Inc. (TSX:PPR) (the “Company”), is pleased to announce the completion of its previously announced recapitalization transactions (collectively, the “Recapitalization”). The Recapitalization included the following principal transactions: closing today of the Company’s brokered private placement offering of…
CALGARY, Alberta, May 15, 2023 — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) announces our operating and financial results for the first quarter ended March 31, 2023. PPR’s interim financial statements and related Management’s Discussion and Analysis (MD&A) are available on our…
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Calgary, Alberta – April 11, 2023 – Prairie Provident Resources Inc. (TSX: PPR) (“Prairie Provident” or the “Company”) announces amendments to the terms of the equity financing and debt settlement components…
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S. Calgary, Alberta – March 31, 2023 – Prairie Provident Resources Inc. (TSX: PPR) (“Prairie Provident” or the “Company”) is pleased to announce that it has completed the issuance of second lien notes…
Transactions include Senior Credit Facility Extension, New Second Lien Financing, Repayment of Subordinated Notes with Equity and related Warrant Exercise, and Brokered Equity Financing Completion will significantly reduce total indebtedness by $68 million, repositioning the Company to be 1.5x to 2.0x exit debt-to-EBITDA with estimated…
Calgary, Alberta – March 29, 2023 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce that it has released an updated investor presentation in connection with its recently announced recapitalization transactions (collectively, the “Recapitalization”). The presentation outlines the Company’s pro-forma…
Calgary, Alberta – February 1, 2023 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the results of our independent 2022 year-end reserves evaluation conducted by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2022 (the…
Calgary, Alberta – March 31, 2023 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) announces our operating and financial results for the fourth quarter and year ended 2022. PPR’s audited annual consolidated financial statements and related Management’s Discussion and Analysis (MD&A) and…
Calgary, Alberta – December 19, 2022 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce the appointment of Patrick R. McDonald, who has served as Chairman of the Company since March 2011 and continues in that role, as Interim Chief…
Calgary, Alberta – November 22, 2022 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) announces that its wholly-owned subsidiary, Lone Pine Resources Inc. (“LPRI”), did not receive a favourable decision in its arbitration claim under the North American Free Trade Agreement (NAFTA), arising…
Calgary, Alberta – November 9, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three and nine months ended September 30, 2022. PPR’s unaudited condensed interim consolidated financial statements for the three and…
Calgary, Alberta – August 8, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three and six months ended June 30, 2022. PPR’s unaudited condensed interim consolidated financial statements for the three and six…
Calgary, Alberta – June 26, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the appointment of Matthew Shyba to its Board of Directors (the “Board”), effective July 1, 2022. Mr. Shyba owns 4,238,097 common shares of PPR,…
Calgary, Alberta – June 12, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce an update to its 2022 capital budget and non-core disposition process. MESSAGE TO SHAREHOLDERS Tony Berthelet, President & Chief Executive Officer, commented: “Given significantly…
Calgary, Alberta – May 26, 2022 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) announces shareholder voting results on the election of directors and appointment of an auditor, as considered by shareholders at the Company’s annual meeting held today. ELECTION OF DIRECTORS At…
Calgary, Alberta – May 24, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) announces that Mr. Derek Petrie and Mr. Rob Wonnacott have decided to retire from the Board of Directors (the “Board”) and will not be standing for re-election at…
Calgary, Alberta – May 11, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce our operating and financial results for the three months ended March 31, 2022. PPR’s unaudited condensed interim consolidated financial statements for the three months…
Calgary, Alberta – March 29, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce our operating and financial results for the fourth quarter and year ended 2021. PPR’s audited annual consolidated financial statements (“Annual Financial Statements”) and related Management’s…
Calgary, Alberta – March 07, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the appointment of Mr. Jason Dranchuk to Prairie Provident as Vice President, Finance and Chief Financial Officer effective April 1, 2022. Mr. Dranchuk brings…
Calgary, Alberta – March 03, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the appointment of Ms. Bettina Pierre-Gilles to its Board of Directors (the “Board”), effective March 03, 2022 and the creation of its Environmental, Social…
Calgary, Alberta – February 22, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce its 2022 capital budget, corporate guidance and a Michichi operational update. MESSAGE TO SHAREHOLDERS Tony Berthelet, President & Chief Executive Officer, commented: “The 2022…
Calgary, Alberta – January 19, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the results of our independent 2021 year-end reserves evaluation conducted by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2021 (the…
CALGARY, Alberta, Dec. 29, 2021 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce the renewal of its senior secured revolving note facility (the “Revolving Facility”). The renewal extends the maturity date and revolving period by a full…
Calgary, Alberta – December 14, 2021 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to provide an operational update outlining the successful second half 2021 drilling program in its core Princess area. Two Lithic Glauconite horizontal wells and one Ellerslie…
Calgary, Alberta – November 10, 2021 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three and nine months ended September 30, 2021. PPR’s unaudited condensed interim consolidated financial statements for the three and…
Calgary, Alberta – August 11, 2021 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three and six months ended June 30, 2021. PPR’s unaudited condensed interim consolidated financial statements for the three and…
Calgary, Alberta – June 29, 2021 – 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,…
Calgary, Alberta – June 15, 2021 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) announces the appointment of Tony Berthelet as President and Chief Executive Officer. Mr. Berthelet comes to Prairie Provident with more than 23 years of subsurface evaluation, field development, production…
Calgary, Alberta – May 11, 2021 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three months ended March 31, 2021. PPR’s unaudited condensed interim consolidated financial statements for the three months ended March 31, 2021 (“Interim…
Calgary, Alberta – March 30, 2021 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) announces today that Tony van Winkoop, who currently serves as Chief Executive Officer and a director, has elected to retire from the Company effective May 1, 2021. Mimi Lai, Chief Financial…
Calgary, Alberta – March 25, 2021 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce our operating and financial results for the three months and year ended December 31, 2020. PPR’s audited consolidated financial statements and related Management’s Discussion and Analysis…
Calgary, Alberta – March 12, 2021 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) announces the cancellation of 44,711,330 common shares, representing approximately 25.9% of the total number of common shares previously outstanding, pursuant to a disposition and surrender of all such shares…
Calgary, Alberta – February 23, 2020 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the results of our independent year-end reserves evaluation conducted by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2020 (the “Sproule Report”).…
Calgary, Alberta – December 18, 2020 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) announces that, at its annual meeting of shareholders held today, the six nominees set out in the Company’s information circular dated November 6, 2020 were elected as directors. Detailed…
Calgary, Alberta – December 18, 2020 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) announces that the Company has reached agreements with its lenders providing for the renewal of its current credit facilities, an issue of US$11.4 million principal amount of 6-year…
Calgary, Alberta – November 12, 2020 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three and nine months ended September 30, 2020. PPR’s unaudited condensed interim consolidated financial statements for the three and nine months…
Calgary, Alberta – August 12, 2020 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three and six months ended June 30, 2020. PPR’s unaudited condensed interim consolidated financial statements for the three and six months…
Calgary, Alberta – May 14, 2020 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three months ended March 31, 2020. PPR’s unaudited condensed interim consolidated financial statements for the three months ended March 31, 2020 (“Interim…
Calgary, Alberta – April 21, 2020 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces that, in light of the pronounced uncertainties affecting the oil and gas industry, with the COVID-19 pandemic continuing to drive a significant falloff in global energy consumption…
Calgary, Alberta – March 26, 2020 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce our operating and financial results for the three months and year ended December 31, 2019. PPR’s audited consolidated financial statements and related Management’s Discussion and Analysis…
Calgary, Alberta – February 18, 2020 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today posted an updated corporate presentation on our website. Investors and other interested parties are encouraged to visit www.ppr.ca to review the updated presentation. ABOUT PRAIRIE PROVIDENT Prairie Provident is…
Calgary, Alberta – February 3, 2020 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the results of our independent 2019 year-end reserves evaluation conducted by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2019 (the…
Calgary, Alberta – August 12, 2026 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its financial and operating results for the second quarter of 2026. The Company’s interim financial statements for the three and six months ended June 30, 2026, and…
Calgary, Alberta – May 21, 2026 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces voting results from its annual and special shareholders’ meeting held today (the “Meeting”). A total of 39,148,743 common shares, representing approximately 83.8% of the Company’s issued and…
Calgary, Alberta – May 14, 2026 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its financial and operating results for the first quarter of 2026. The Company’s interim financial statements for the three months ended March 31, 2026 and related Management’s…
Calgary, Alberta – March 31, 2026 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its financial and operating results for the fourth quarter and year ended December 31, 2025, along with its year-end reserves. Prairie Provident’s audited annual consolidated financial statements…
Calgary, Alberta – January 7, 2026 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) provides an operational update on its drilling program in its Princess and Michichi areas. The Company successfully drilled and completed one Ellerslie multi-leg open hole horizontal well, 102/03-24-018-11W4M,…
Prairie Provident Resources Inc. LETTER OF TRANSMITTAL This letter of transmittal (“Letter of Transmittal”) relates to the 30-to-1 consolidation (the “Consolidation”) of the outstanding common shares (“Shares”) of Prairie Provident Resources Inc. (“Prairie Provident”), completed effective December 31, 2025, on the basis of one (1)…
Calgary, Alberta – December 30, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces that, further to the special resolution of Prairie Provident shareholders passed at the annual and special meeting of shareholders held May 22, 2025, the Company will implement…
Calgary, Alberta – November 14, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its financial and operating results for the third quarter of 2025. The Company’s interim financial statements for the three and nine months ended September 30, 2025 and…
Calgary, Alberta – November 3, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce completion of its previously-announced preferred share financing (the “Equity Financing”), raising C$26.5 million of additional equity capital, and concluded amendments to its debt agreements…
Calgary, Alberta – October 21, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce non-binding term sheets for a proposed preferred share financing (the “Proposed Financing”) to raise US$18.9 million (approximately C$26.5 million at current exchange rates) of…
Calgary, Alberta – August 12, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its financial and operating results for the second quarter of 2025. The Company’s interim financial statements for the three and six months ended June 30, 2025 and…
Calgary, Alberta – May 22, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces voting results from its annual and special shareholders’ meeting held today (the “Meeting”). A total of 1,216,965,050 common shares, representing approximately 86.8% of the Company’s issued and…
Calgary, Alberta – May 13, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce strong production results from its three-well Basal Quartz (“BQ”) horizontal drilling program in the Michichi area of Central Alberta during the first quarter of 2025.…
Calgary, Alberta – March 31, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its operating and financial results for the fourth quarter and year ended December 31, 2024 and year-end reserves. Prairie Provident’s audited annual consolidated financial statements and related…
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Calgary, Alberta – March 5, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the closing of the second and final tranche of its…
Calgary, Alberta – February 27, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the spud of the Basal Quartz horizontal well 100/14-32-29-18W4. Drilling operations are expected to take eight days to complete, after which the well will…
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Calgary, Alberta – February 20, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the closing of the first tranche of its recently announced…
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Calgary, Alberta – February 11, 2025 – Prairie Provident Resources Inc. (TSX:PPR) (“Prairie Provident” or the “Company”) is pleased to announce that it has entered into an agreement with Research Capital…
Calgary, Alberta – December 18, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to provide an update on its first two Basal Quartz wells in the Michichi area of Central Alberta. Prairie Provident spud the first Basal Quartz horizontal…
Calgary, Alberta – November 14, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its financial and operating results for the three and nine months ended September 30, 2024. The Company’s condensed interim consolidated financial statements (“Financial Statements”) for the three and…
TAKE NOTICE that effective December 1, 2024, PRAIRIE PROVIDENT RESOURCES CANADA LTD. will be moving the Head Office to the location listed below: The telephone & emergency numbers, GST number and BA number will remain the same. PRAIRIE PROVIDENT RESOURCES CANADA LTD. #1000, 500 –…
Calgary, Alberta – October 31, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the successful completion of its previously announced equity rights offering (the “Rights Offering”), which expired at 5:00 p.m. (Mountain time) on October 28, 2024.…
Calgary, Alberta – October 30, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces that Ryan Rawlyk has resigned as President and Chief Executive Officer of Prairie Provident to pursue other interests. In conjunction with Mr. Rawlyk’s resignation, the Company announces…
Calgary, Alberta – September 30, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the closing of the initial $10.0 million subscription by its principal shareholder, PCEP Canadian Holdco, LLC (“PCEP”), under the Company’s previously-announced $13.2 million rights…
Calgary, Alberta – September 13, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces an agreement to extend the maturity of its senior secured credit facility (the “First Lien Loan”) to March 31, 2026 and enhance its flexibility with modified covenants.…
Calgary, Alberta – August 30, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces an extension to the maturity date of its senior secured credit facility (the “First Lien Loan”) until September 20, 2024 as well as the deferral of all…
CALGARY, Alberta, Aug. 14, 2024 — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its operating and financial results for the three and six months ended June 30, 2024. The Company’s interim consolidated financial statements and related Management’s Discussion and Analysis (MD&A)…
CALGARY, Alberta, July 30, 2024 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces an extension to the maturity date of its senior secured credit facility (the “First Lien Loan”) until August 30, 2024 as well as the deferral of…
Calgary, Alberta – June 27, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces an extension to the maturity date of its senior secured credit facility (the “First Lien Loan”) until July 31, 2024 as well as the deferral of all…
Calgary, Alberta – May 15, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces voting results from its annual shareholders’ meeting held today. At the meeting, each of Patrick McDonald, Glenn Hamilton, Dale Miller, Ryan Rawlyk, Matthew Shyba and Kathy Turgeon…
Calgary, Alberta – May 15, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its operating and financial results for the first quarter ended March 31, 2024. The Company’s interim consolidated financial statements and related Management’s Discussion and Analysis (MD&A) for…
Calgary, Alberta – April 2, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its operating and financial results for the fourth quarter and year ended 2023. Prairie Provident’s audited annual consolidated financial statements and related Management’s Discussion and Analysis (MD&A) …
CALGARY, Alberta, March 5, 2024 (TSX:PPR) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce that it has closed the previously announced sales of its Evi assets in Northern Alberta for net proceeds of $22.5 million after adjustments, based on…
CALGARY, Alberta, Feb. 22, 2024 — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX: PPR) is pleased to announce the results of its December 31, 2023 independent reserves evaluation (the “Sproule Report”) conducted by Sproule Associates Limited (“Sproule”). The Sproule Report highlights that…
Calgary, Alberta – Dec 14, 2023 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce the appointment of Mr. Ryan Rawlyk to the Board of Directors effective January 1, 2024. Its appointment coincides with the previous announcement appointing Mr. Rawlyk…
Calgary, Alberta – November 20, 2023 – Prairie Provident Resources Inc. (the “Company”) reports that it has filed amended Management’s Discussion and Analysis (MD&A) for the interim period ended September 30, 2023. The Company’s originally filed interim MD&A for this period, which was filed with…
Calgary, Alberta – November 14, 2023 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) announces our operating and financial results for the quarter ended September 30, 2023. PPR’s interim financial statements and related Management’s Discussion and Analysis (MD&A) are available on our website…
CALGARY, Alberta, October 30, 2023 (TSX:PPR) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce that it has entered into a definitive agreement with a private oil and gas company to sell the Company’s Evi cash-generating unit located in northern…
Calgary, Alberta – August 25, 2023 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) announces our operating and financial results for the quarter ended June 30, 2023. PPR’s interim financial statements and related Management’s Discussion and Analysis (MD&A) are available on our…
Calgary, Alberta – August 24, 2023 – Prairie Provident Resources Inc. (TSX:PPR) (“Prairie Provident” or the “Company”) is pleased to announce the appointment of Mr. Dale Miller to its Board of Directors (the “Board”), voting results from its annual shareholders’ meeting held yesterday, and an update on…
CALGARY, Alberta, Aug. 14, 2023 — Prairie Provident Resources Inc. (TSX:PPR) (“Prairie Provident” or the “Company”) announces today a delay in the filing of its interim financial report for the interim period ended June 30, 2023 and related management’s discussion and analysis and management certifications…
Calgary, Alberta – July 14, 2023 – Prairie Provident Resources Inc. (TSX:PPR) (“Prairie Provident” or the “Company”) is pleased to announce the appointment of Mr. Glenn Hamilton and Ms. Kathy Turgeon to its Board of Directors (the “Board”). “We are excited to have Glenn and…
CALGARY, Alberta, May 16, 2023 — Prairie Provident Resources Inc. (TSX:PPR) (the “Company”), is pleased to announce the completion of its previously announced recapitalization transactions (collectively, the “Recapitalization”). The Recapitalization included the following principal transactions: closing today of the Company’s brokered private placement offering of…
CALGARY, Alberta, May 15, 2023 — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) announces our operating and financial results for the first quarter ended March 31, 2023. PPR’s interim financial statements and related Management’s Discussion and Analysis (MD&A) are available on our…
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Calgary, Alberta – April 11, 2023 – Prairie Provident Resources Inc. (TSX: PPR) (“Prairie Provident” or the “Company”) announces amendments to the terms of the equity financing and debt settlement components…
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S. Calgary, Alberta – March 31, 2023 – Prairie Provident Resources Inc. (TSX: PPR) (“Prairie Provident” or the “Company”) is pleased to announce that it has completed the issuance of second lien notes…
Transactions include Senior Credit Facility Extension, New Second Lien Financing, Repayment of Subordinated Notes with Equity and related Warrant Exercise, and Brokered Equity Financing Completion will significantly reduce total indebtedness by $68 million, repositioning the Company to be 1.5x to 2.0x exit debt-to-EBITDA with estimated…
Calgary, Alberta – March 29, 2023 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce that it has released an updated investor presentation in connection with its recently announced recapitalization transactions (collectively, the “Recapitalization”). The presentation outlines the Company’s pro-forma…
Calgary, Alberta – February 1, 2023 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the results of our independent 2022 year-end reserves evaluation conducted by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2022 (the…
Calgary, Alberta – March 31, 2023 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) announces our operating and financial results for the fourth quarter and year ended 2022. PPR’s audited annual consolidated financial statements and related Management’s Discussion and Analysis (MD&A) and…
Calgary, Alberta – December 19, 2022 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce the appointment of Patrick R. McDonald, who has served as Chairman of the Company since March 2011 and continues in that role, as Interim Chief…
Calgary, Alberta – November 22, 2022 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) announces that its wholly-owned subsidiary, Lone Pine Resources Inc. (“LPRI”), did not receive a favourable decision in its arbitration claim under the North American Free Trade Agreement (NAFTA), arising…
Calgary, Alberta – November 9, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three and nine months ended September 30, 2022. PPR’s unaudited condensed interim consolidated financial statements for the three and…
Calgary, Alberta – August 8, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three and six months ended June 30, 2022. PPR’s unaudited condensed interim consolidated financial statements for the three and six…
Calgary, Alberta – June 26, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the appointment of Matthew Shyba to its Board of Directors (the “Board”), effective July 1, 2022. Mr. Shyba owns 4,238,097 common shares of PPR,…
Calgary, Alberta – June 12, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce an update to its 2022 capital budget and non-core disposition process. MESSAGE TO SHAREHOLDERS Tony Berthelet, President & Chief Executive Officer, commented: “Given significantly…
Calgary, Alberta – May 26, 2022 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) announces shareholder voting results on the election of directors and appointment of an auditor, as considered by shareholders at the Company’s annual meeting held today. ELECTION OF DIRECTORS At…
Calgary, Alberta – May 24, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) announces that Mr. Derek Petrie and Mr. Rob Wonnacott have decided to retire from the Board of Directors (the “Board”) and will not be standing for re-election at…
Calgary, Alberta – May 11, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce our operating and financial results for the three months ended March 31, 2022. PPR’s unaudited condensed interim consolidated financial statements for the three months…
Calgary, Alberta – March 29, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce our operating and financial results for the fourth quarter and year ended 2021. PPR’s audited annual consolidated financial statements (“Annual Financial Statements”) and related Management’s…
Calgary, Alberta – March 07, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the appointment of Mr. Jason Dranchuk to Prairie Provident as Vice President, Finance and Chief Financial Officer effective April 1, 2022. Mr. Dranchuk brings…
Calgary, Alberta – March 03, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the appointment of Ms. Bettina Pierre-Gilles to its Board of Directors (the “Board”), effective March 03, 2022 and the creation of its Environmental, Social…
Calgary, Alberta – February 22, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce its 2022 capital budget, corporate guidance and a Michichi operational update. MESSAGE TO SHAREHOLDERS Tony Berthelet, President & Chief Executive Officer, commented: “The 2022…
Calgary, Alberta – January 19, 2022 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the results of our independent 2021 year-end reserves evaluation conducted by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2021 (the…
CALGARY, Alberta, Dec. 29, 2021 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce the renewal of its senior secured revolving note facility (the “Revolving Facility”). The renewal extends the maturity date and revolving period by a full…
Calgary, Alberta – December 14, 2021 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to provide an operational update outlining the successful second half 2021 drilling program in its core Princess area. Two Lithic Glauconite horizontal wells and one Ellerslie…
Calgary, Alberta – November 10, 2021 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three and nine months ended September 30, 2021. PPR’s unaudited condensed interim consolidated financial statements for the three and…
Calgary, Alberta – August 11, 2021 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three and six months ended June 30, 2021. PPR’s unaudited condensed interim consolidated financial statements for the three and…
Calgary, Alberta – June 29, 2021 – 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,…
Calgary, Alberta – June 15, 2021 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) announces the appointment of Tony Berthelet as President and Chief Executive Officer. Mr. Berthelet comes to Prairie Provident with more than 23 years of subsurface evaluation, field development, production…
Calgary, Alberta – May 11, 2021 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three months ended March 31, 2021. PPR’s unaudited condensed interim consolidated financial statements for the three months ended March 31, 2021 (“Interim…
Calgary, Alberta – March 30, 2021 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) announces today that Tony van Winkoop, who currently serves as Chief Executive Officer and a director, has elected to retire from the Company effective May 1, 2021. Mimi Lai, Chief Financial…
Calgary, Alberta – March 25, 2021 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce our operating and financial results for the three months and year ended December 31, 2020. PPR’s audited consolidated financial statements and related Management’s Discussion and Analysis…
Calgary, Alberta – March 12, 2021 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) announces the cancellation of 44,711,330 common shares, representing approximately 25.9% of the total number of common shares previously outstanding, pursuant to a disposition and surrender of all such shares…
Calgary, Alberta – February 23, 2020 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the results of our independent year-end reserves evaluation conducted by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2020 (the “Sproule Report”).…
Calgary, Alberta – December 18, 2020 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) announces that, at its annual meeting of shareholders held today, the six nominees set out in the Company’s information circular dated November 6, 2020 were elected as directors. Detailed…
Calgary, Alberta – December 18, 2020 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) announces that the Company has reached agreements with its lenders providing for the renewal of its current credit facilities, an issue of US$11.4 million principal amount of 6-year…
Calgary, Alberta – November 12, 2020 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three and nine months ended September 30, 2020. PPR’s unaudited condensed interim consolidated financial statements for the three and nine months…
Calgary, Alberta – August 12, 2020 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three and six months ended June 30, 2020. PPR’s unaudited condensed interim consolidated financial statements for the three and six months…
Calgary, Alberta – May 14, 2020 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three months ended March 31, 2020. PPR’s unaudited condensed interim consolidated financial statements for the three months ended March 31, 2020 (“Interim…
Calgary, Alberta – April 21, 2020 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces that, in light of the pronounced uncertainties affecting the oil and gas industry, with the COVID-19 pandemic continuing to drive a significant falloff in global energy consumption…
Calgary, Alberta – March 26, 2020 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce our operating and financial results for the three months and year ended December 31, 2019. PPR’s audited consolidated financial statements and related Management’s Discussion and Analysis…
Calgary, Alberta – February 18, 2020 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today posted an updated corporate presentation on our website. Investors and other interested parties are encouraged to visit www.ppr.ca to review the updated presentation. ABOUT PRAIRIE PROVIDENT Prairie Provident is…
Calgary, Alberta – February 3, 2020 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the results of our independent 2019 year-end reserves evaluation conducted by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2019 (the…