Prairie Provident Resources Inc. announced the results of its independent 2016 year-end reserves evaluation and provide an operational update. The company's 2016 exit production exceeded its previously disclosed guidance of 5,000 boe/d with average daily production of approximately 5,500 boe/d (56% liquids), maintained through to the first three weeks of January 2017 of which approximately 2,500 boe/d (32% liquids) was from the Wheatland area. 2016 reserves highlights: Increased proved plus probable reserves by 4.1 mmboe to 16.4 mboe (68% oil and NGLs) for a 2P replacement ratio of 409%; Increased proved reserves by 39% to 11.8 mmboe (68% oil and NGLs) for a TP replacement ratio of 350%; Approximately 61% of TP reserves and 58% of 2P reserves are in the producing category; During 2016, the company drilled 14 gross (12.45 net) wells at Wheatland to bring the number of total wells drilled to 18 gross (16.4 net) with 100% rate of success. The company added 2.1 mmboe of 2P reserves in 2016 at Wheatland; and the company has continued to book reserves associated with the Evi waterflood, with 0.2 mmboe of 2P reserves added in 2016. Aggregate 2P reserves of 940 mboe have been added since inception of the project.