Prairie Provident Announces Year-End 2023 Reserves

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CALGARY, Alberta, Feb. 22, 2024 (GLOBE NEWSWIRE) — 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 despite minimal capital spending, reserves additions were realized year-over-year driven primarily by positive technical revisions associated with lower fixed costs, reactivations, and optimizations. A 16-year reserve life index on total proved reserves underscores the potential of the assets to deliver meaningful growth and shareholder value.