PrairieSky Royalty Ltd (TSX:PSK)
C$ 26.4 -1.31 (-4.73%) Market Cap: 6.31 Bil Enterprise Value: 6.49 Bil PE Ratio: 30.45 PB Ratio: 2.40 GF Score: 88/100
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Q2 2020 Prairiesky Royalty Ltd Earnings Call Transcript

Jul 21, 2020 / 12:30PM GMT
Release Date Price: C$8.74 (+5.68%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to today's conference call. PrairieSky Royalty announces their Second Quarter 2020 Financial Results. (Operator Instructions)

I'd now like to hand the conference over to your host today, Mr. Andrew Phillips, President and Chief Executive Officer. Please go ahead, sir.

Andrew M. Phillips
PrairieSky Royalty Ltd. - President, CEO & Non-Independent Director

Thank you, and good morning, and thank you for dialing into the Q2 2020 PrairieSky Earnings Call. On the call from PrairieSky are Pam Kazeil, CFO; Cam Proctor, COO; and myself. I will provide an operational update then turn the call over to Pam to walk through the financials.

We completed a $6 million acquisition in the northeastern British Columbia Montney play, where 2 new high rate wells in distinct zones now provide over 100 barrels per day of net royalty oil production and gas production. PrairieSky now has royalty interest in 100 contiguous sections of Triassic rates in this particular part of the Montney Fairway and is

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