Sector: Energy | Industry: Oil & Gas Exploration and Production |
Company Contact | |
Address: | 1100-640 5 Ave SW CALGARY AB T2P 3G4 |
Tel: | N/A |
Website: | https://www.ppr.ca |
IR: | See website |
Key People | ||
David Stobbe Chief Financial Officer, Controller | Allison Massey Vice President - Land and Commercial |
Business Overview |
Prairie Provident Resources Inc. is a Canada-based oil and natural gas exploration company. The Company is engaged in the exploration and development of oil and natural gas, with conventional operations primarily focused on the Western Canadian Sedimentary Basin in Alberta. Its operating areas include Michichi, Princess and Evi. Its assets primarily consist of light and medium oil associated natural gas. The Company is primarily focused on development of its Wheatland and Princess properties in Southern Alberta and its Evi area located in the Peace River Arch area of Northern Alberta. Its Princess area in Southern Alberta is engaged in the development of the Glauc and Ellerslie formations. The Company's assets cover approximately 375,000 acres of area in Alberta. Its wholly owned subsidiaries include Prairie Provident Resources Canada Ltd., Lone Pine Resources Inc., Lone Pine Resources (Holdings) Inc., Arsenal Energy USA Inc. and Arsenal Energy Holding Ltd. |
Financial Overview |
For the fiscal year ended 31 December 2023, Prairie Provident Resources Inc revenues decreased 32% to C$67.9M. Net loss increased from C$2.4M to C$20.1M. Revenues reflect Conventional Natural Gas segment decrease of 60% to C$7M, Natural Gas - Production - Total decrease of 14% to 2.73B cubic feet, Oil Equivalent Production (Units/day) - decrease of 13% to 4K barrels per day. |
Employees: | 20 as of Dec 31, 2023 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $126.04M as of Dec 31, 2023 |
Annual revenue (TTM): | $67.94M as of Dec 31, 2023 |
EBITDA (TTM): | $11.88M as of Dec 31, 2023 |
Net annual income (TTM): | -$20.12M as of Dec 31, 2023 |
Free cash flow (TTM): | -$11.37M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $75.93M as of Dec 31, 2023 |
Shares outstanding: | 716,105,903 as of Feb 29, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |