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Prospera Energy Inc GXRFF


Primary Symbol: V.PEI

Energy Oil & Gas E&P
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

Prospera Energy Inc
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Post by PressReleaseon Jan 05, 2024 2:00am
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Post# 35811902

New Press Release - Prospera Energy Inc. Exceeds 2023 Year-End Target with 2,200 Boepd Capability Leading to Robust 2024 Development Outlook

New Press Release - Prospera Energy Inc. Exceeds 2023 Year-End Target with 2,200 Boepd Capability Leading to Robust 2024 Development Outlook
CALGARY, Alberta, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (“Prospera” or the “Company”) (TSX.V: PEI, OTC: GXRFF, FRA: OF6B, OF6B.SG, OF6B.F, OF6B.BE).2023 was a highly successful year for the restructured Prospera Energy Inc. PEI drilled, completed and tied-in nine horizontal...read article.
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