12:21 PM EST - Prairie Provident Resources Inc. : Announced an operational update highlighting the successful initial results from a new well in the Company’s core Princess operating area. PPR’s latest 102/08-04-021-11W4 well is the Company’s seventh successful Lithic Glauconite well drilled in the last two years in the Princess area. Starting November 16, 2019, the Princess well flowed for 93 hours and produced at an average flow rate of 1,067 boe/d (78% liquids) over the last 37 hours of the production test. The flowing pressure of the well during the final 37 hours of the test period averaged 3,700 kPa through a 19.05 mm choke. With total estimated capital costs of approximately $2.1 million to drill, complete, equip and tie-in, this successful new well is expected to be brought on production in December. Prairie Provident Resources Inc.
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