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Prairie Provident Announces $4.8 Million Partnership with PCEP Canadian Holdco, LLC to Advance Basal Quartz Horizontal Drilling Program

Feb 20, 2025•over 1 year ago

Contract Type

partnership

Calgaryoil & energy

Description

Prairie Provident Resources Inc. has closed the first tranche of its recently announced equity financing, securing $4.8 million in gross proceeds from its principal and largest shareholder, PCEP Canadian Holdco, LLC. This partnership is intended to advance the Basal Quartz horizontal drilling program, a strategic initiative aimed at leveraging the robust well economics and extensive drilling inventory in the Michichi core area.

Company Information

Company

Prairie Provident Resources

Location

640 5 Ave NE

Calgary, Alberta, Canada

About

Prairie Provident is a Calgary-based company engaged in the exploration and development of oil and natural gas properties in Alberta.

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Based on industry data
Strategic partnership established
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