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Prospera Energy Inc GXRFF


Primary Symbol: V.PEI

Prospera Energy Inc. is a Canada-based energy company. The Company specializes in the exploration, development, and production of crude oil and natural gas. Its core properties include Cuthbert, Luseland and Heart Hills in Saskatchewan; and Red Earth and Pouce Coupe in Alberta. Its Phase II restructured development program intends to increase production. The Phase II development entails the drilling of 10 horizontal wells in heavy oil and 8 slanted wells in medium-light oil to accelerate growth and capture the remaining reserves (400 million bbls). It also seeks to reduce its environmental and surface footprint by eliminating the numerous vertical well leases along the lateral path.


TSXV:PEI - Post by User

Comment by Beast1005on Dec 06, 2023 1:01pm
124 Views
Post# 35771324

RE:RE:RE:RE:Well 8 SPUD

RE:RE:RE:RE:Well 8 SPUDreally the only thing I don't understand is they whole brooks deal.  ceo owns 50% gives 50% to the company.  said its under the books.  the value for 50% should be spelled out for shareholders.  cause we're paying to develop his land.  typically 50% working interest is you have to do X amount for your share.  then it becomes working interest where both parties have to pay there share to develop the land after that point.  I havnt seen that..
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