Headquartered in Calgary, Prairie Provident is an oil and natural gas exploration and production group with reserves, producing properties and exploration prospects concentrated in Alberta, particularly in the Michichi and Princess areas. The group also holds assets and liabilities in British Columbia, Saskatchewan and the Northwest Territories. Prairie Provident Resources Inc. is publicly listed on the Toronto Stock Exchange under the symbol PPR, while Prairie Provident Resources Canada Ltd. holds the group’s operating assets. Approximately 80.1% of the parent company’s shares are owned or controlled by PCEP Canadian Holdco, LLC, an affiliate of the Prudential group.
According to the lenders’ application, Prairie Provident’s…