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Prospera Energy Inc. V.PEI

Alternate Symbol(s):  GXRFF

Energy Oil & Gas E&P
Prospera Energy Inc. is an energy company based in Western Canada, specializing in the exploration, development, and production of crude oil and natural gas. The Company is primarily focused on optimizing hydrocarbon recovery from legacy fields through environmentally safe and efficient reservoir development methods and production practices. It has 100% ownership of the Luseland asset, which has oil reserve of an estimated 280 million barrels of Original Oil in Place (OOIP). Additionally, the Company has gained 100% ownership of the Hearts Hill property, which contains the highest API oil (17API) among the three heavy-oil assets and holds upside potential in the Sparky formation. In Cuthbert, it has a working interest of approximately 86%. Both Hearts Hill and Cuthbert assets have full infrastructure in place with facilities that can handle approximately 75,000-barrels of emulsion each. The Company's Pouce Coupe property is located in Alberta.


TSXV:PEI - Post by User

Prospera Energy Inc.
Bullboard Posts
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(6)
•••
Comment by KingAceon Nov 30, 2018 3:38pm
98 Views
Post# 29047184

RE:RE:This is so messed up lol

RE:RE:This is so messed up lol
emiliolargo wrote:
KingAce wrote: “We’re sitting on $15billion USD worth of oil”. What is this shark tank?? With a 4 million dollar CAD valuation?  Keep on accumulating shares. It won’t stay this low forever. 


King, its going to be fun seeing this back up once they extend the debt or pay it down. They are selling oil at close to 60 USD a barrel. It cannot get better than this. Management is real so once the cash flow continues and the debt is lowered, they will fly through. I sold some shares at higher prices and then bought some back. Keeping a core position now. I want to see what Q4 will look like. I think they will buy that extra 10% participation. From their news release:

Total sales volumes in Q3 2018 showed impressive growth as well with 22,212 BOEs (241 BOE per day) as compared to 7,200 BOEs (78 BOE per day) for Q3 2017, representing a significant increase of 209%.

with extra 10% from 20% it would be 33K boe per Quarter.

Yeah exactly. They have option to instantly increase revenues by 50% at any time. Should be their top priority
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities