Prospera Energy Inc V.PEI

Alternate Symbol(s): GXRFF

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.

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Prospera Energy Inc > PEI.V OIL INTERVIEW

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Comment by AlfTanneron Jul 19, 2023 5:23pm

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Post# 35548778

RE:RE:PEI.V OIL INTERVIEW

"What was the reason for the renewed revised (decrease) guidance?"

They realized the re-drilling depleted wells does not produce much oil. They also realized that ESG does not produce any oil at all.

Now investors have to wait for them to drill "Brooks", which could take another 4 months, and then it will be winter, and you cannot produce anything in the winter because it is cold. Then you have to wait until mid 2024 to find out if the "Brooks" drilling was successful or not.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle