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. > Financing

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Comment by traderguy5000on Jan 26, 2023 3:28pm

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Post# 35248585

RE:RE:RE:Financing

PEI is a high conviction stock for me. Limited downside and huge upside. The dilution due to the financing was not large, and the cash will help them implement their plans. I'm holding for $1+. This is not your typical Venture dog. They have a huge resource that is going to ramp up in cash flow over the next two years. Try to find a better Venture bet.

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