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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

Post by TheCardinalon Feb 05, 2023 2:58pm
447 Views
Post# 35267814

Warrants Acceleration now in play!

Warrants Acceleration now in play! The Financing in 3-2022 included Warrants, whose Terms contained an Acceleration Clause with a 15-day Time Fuse if the stock traded above CDN$.125 for 5 days.  PEI just accomplished that. So, expect a PR imminently announcing the Acceleration. 

Bad news first : this will put a temporary "lid" on the stock as people sell Shares to exercise the Warrants.
Good news:  the price difference between the Warrant Exercise Price and the Current Price is so small the "churn" should be quick.
Even Better News:  this is going to raise a lot of Ca$h that the Company now won't have to raise by other means. 
If you're in.... stay the course. 
If you're not in.... here's your last chance to get PEI on the cheap.  Because that Warrant money is going to be put to use, immediately to ramp up production even faster. 
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