Prospera Energy Inc V.PEI

Well 8 SPUD

[Trademark11]

Well 8 Spudded Dec 3rd at 14:30.  Two more after that before year end.  Huge insider buy by Samuel David in most recent financing... boots-on-the-ground CEO continuing to support the cause

[Re1ndeer2]

Where did you see Davids buy .

[borne2run]

Re1ndeer, pump & dumpers will say anything.  Did you notice the terms of the Royalty agreement?  The royalty owners will earn approx 20% per annum on their investment.  Sweet deal. 

[Beast1005]

ya but if they pay it off in a year then I think it is more than manageable.  hope they hit there goals.  ya its 14% then gets higher if they don't pay it off how im reading it in a year.  if it keeps 2 drills going for abit then it would be worth it if they hit 1800 then 2k barrels.  hope oil doesn't drop out...

[Beast1005]

really the only thing I don't understand is they whole brooks deal.  ceo owns 50% gives 50% to the company.  said its under the books.  the value for 50% should be spelled out for shareholders.  cause we're paying to develop his land.  typically 50% working interest is you have to do X amount for your share.  then it becomes working interest where both parties

[Trademark11]

Really?  Dec 5 news release

[Beast1005]

wonder if there going to stop at ten horizontal wells or keep going.  curious how there plan with brooks there map showing 8 wells he said there was 20 targets how far there going to take that this winter.  brook wells shouldn't take to long to drill.  tax season people get there loss for the year it looks like..