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Prospera Energy Inc V.PEI

Alternate Symbol(s):  GXRFF

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 RogueWolfon Oct 11, 2022 3:26pm
305 Views
Post# 35017942

RE:Reminds me a lot of TransGlobe

RE:Reminds me a lot of TransGlobe
Agreed PEI has a great road map, one of my hang ups though is the amount if warrants outstanding. When you factor warrants in were sitting at about a half a billion shares out. Not trying to be negative, but I think we may have some challenges pushing this one up if people exercise a ton of warrants.
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