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 financial profile and guidance, investment highlights, capital expenditure and optimization program, growth opportunities in its deep inventory of low-risk, in-fill drilling, and details on its development assets.
The presentation can be accessed on the Company’s website at https://www.ppr.ca/investors/. Please refer to the press release dated today announcing the Recapitalization for additional details.
ABOUT PRAIRIE PROVIDENT
Prairie Provident is a Calgary-based company engaged in the exploration and development of oil and natural gas properties in Alberta. The Company’s strategy is to optimize our existing assets to provide stable low decline cash flow, and use those funds to improve the balance sheet and manage liabilities.
For further information, please contact:
Prairie Provident Resources Inc.
Tel: (403) 292-8000
Email: [email protected]
This news release contains forward-looking statements regarding the Recapitalization Transactions, closing of the Recapitalization Transactions and the timing of the same, use of proceeds of the Second Lien Financing and the Equity Financing, the benefits and impacts of the Recapitalization on Prairie Provident, the Company’s ability to continue as a going concern, the success of the Company’s optimization programs and drilling programs, and the Company’s continued qualification for listing on the TSX. These forward-looking statements are provided as of the date of this news release, or the effective date of the documents referred to in this news release, as applicable, and reflect predictions,