Announcement • Mar 26
Prairie Provident Resources Inc., Annual General Meeting, May 21, 2026 Prairie Provident Resources Inc., Annual General Meeting, May 21, 2026. Announcement • Jan 08
Prairie Provident Resources Inc. Provides an Operational Update on its Drilling Program in its Princess and Michichiareas Prairie Provident Resources Inc. provided 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, in its Princess core area. The well's initial production results are summarized in the following table: Well Identifier Days from Lateral Fracture IP Period Heavy Crude Conventional Total Peak Oil Spud to Rig Length Stages (days) Oil (bbl/d)(1) Oil (bbl/D)(1) Natural Gas (boe/d)(1) Rate Release (metres) (Mcf/d)(1) Initial production rates are based on field estimates at wellhead. Production continues to increase as the well cleans up. Latest daily production was approximately 290 boe/d (185 bbl/d of heavy oil) based on field estimates at the wellhead. To date, initial production from 102/03-24-017-11W4M has been constrained due to limitations on the natural gas takeaway volumes. The company expects the flush natural gas production to decline in the near term and as such, natural gas takeaway will not be an issue in the future. At Princess, the Company installed and commissioned a water disposal facility at 10-23-018-11W4 million. Included in this project was the tie-in of the 102/10-23-018-11 W4M Pekisko water disposal well. The Company expects annual area operating cost savings of approximately $600,000 from this project, by eliminating produced water trucking and third-party water disposal charges. At Michichi, two one-mile Basal Quartz horizontal wells were drilled off the 4-31-30-18W4M surface pad site at March 30-30-18W4 million and 02-30-30-30-18W 4M. Both wells encountered high quality Basal Quartz reservoir as evidenced by the geological strip logs. However, production casing failures occurred during the primary cementing operations at both wells. Downhole camera visualizations show casing shearing/deformation at similar depths on a casing collar. The Company is still investigating but believes these are separate events that may have been caused by an oblique slip in a system of critically stressed sub-seismic faults triggered by geo-mechanical factors. In the Michichi/Drumheller area, Prairie Provident has adhered to the standard offset well drilling design for single leg cased-hole Basal Quartz horizontal wells. The Company believes the 03-30-30-18 W4M and 02-30-30 -18W4M well are unlikely to be salvageable in their current configuration. The Company is currently assessing the impact of these geo-mechanical events on its future drilling design in the Michichi area and will provide operational updates regarding future Basal Quartz development. Announcement • Apr 21
Prairie Provident Resources Inc., Annual General Meeting, May 22, 2025 Prairie Provident Resources Inc., Annual General Meeting, May 22, 2025. Location: 2nd floor conference room, 500 4th avenue south west, alberta, calgary Canada 
