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.

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Prospera Energy Inc. > Reverse split needed

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Post by AlfTanneron Mar 13, 2023 3:20pm

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Post# 35335625

Reverse split needed

This is an interesting stock, but they really need to do a 10:1 reverse stock split. The market is not going to take this stock seriously with the pathetic stock price and 500 million shares.

I like the story and the growth here, and I would definitely be a buyer after a R/S. Unfortunately, with 500 million shares, this is unlikely to attract any institutional ownership.

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