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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 Gringottson Aug 18, 2023 2:01pm
225 Views
Post# 35595244

PEI is now a ...

PEI is now a ......wait and see stock. Less than 13, 510 stocks traded on the TSX so far today and its down 3/4 of a cent. I have not seen such low volume for PEI is a very very long time. By the looks of it, a 1000 shares traded can wipe off 10's of millions of market cap under current conditions. I hope positive drill results are released sooner than later. It is just a matter of time before PEI shines....
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