Prairie Provident Resources Announces Third Quarter 2023 Financial and Operating Results and Management Changes
CALGARY, Alberta, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") announces our operating and financial results for the quarter ended September 30, 2023.
- CALGARY, Alberta, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") announces our operating and financial results for the quarter ended September 30, 2023.
- Production averaged 3,523 boe/d (64% liquids) for the third quarter of 2023, slightly down from the second quarter average of 2023 (3,641 boe/d), with no development capital spent.
- Operating expenses for the third quarter of 2023 decreased by $2.97 per boe of production from the second quarter of 2023, principally due to continued attention to cost control and production optimization efforts.
- This focus on reducing operating expenses is expected to continue improving operating netbacks during the balance of 2023.