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. > Reminds me a lot of TransGlobe

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Comment by RogueWolfon Oct 11, 2022 3:26pm

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Post# 35017942

RE:Reminds me a lot of TransGlobe

Agreed PEI has a great road map, one of my hang ups though is the amount if warrants outstanding. When you factor warrants in were sitting at about a half a billion shares out. Not trying to be negative, but I think we may have some challenges pushing this one up if people exercise a ton of warrants.

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