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Bullboard - Stock Discussion Forum 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... see more

TSXV:PEI - Post Discussion

Prospera Energy Inc > Prospera Energy Announces a +500 bbls per Day Flowing Well
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Post by Betteryear2 on Dec 14, 2023 2:33pm

Prospera Energy Announces a +500 bbls per Day Flowing Well

CALGARY, Alberta, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (“Prospera” or the “Company”)
(TSX.V: PEI, OTC: GXRFF, FRA: OF6B, OF6B.SG, OF6B.F, OF6B.BE).

Prospera Energy Inc. is pleased to announce a medium light oil +500 barrels per day flowing well from a full day of production testing. This above gradient pressure reservoir will typically flow for a few months and will transition into an artificial lift system production of approximately +150 bblspd of stabilized rate. A second well is also to come online within the next few days expecting similar production rates. Prospera will continue the medium light oil drilling development to increase production and diversify the heavy-light oil product mix to increase shareholder value.

Prospera Energy Announces a +500 bbls per Day Flowing Well (globenewswire.com)

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