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.

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Post by Charts1on Apr 20, 2023 10:47am

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Post# 35405179

PEI.C NEWS THIS YEAR HIGHLITES.

In 2022 PEI achieved:

Peak production levels of 1,250Boepd mainly oil (80%) from a low 80Bblspd from the year 2021.
Realized record level revenue, EBITA & cash flow by greater than 150% compared to the year 2021.
Reduced operating cost per barrel to less than $40/bbl from greater than $60/bbl in the prior year.
Increased the Corporation’s ownership in the core properties from an average of 40% to 80%.
Appreciated NPV@10% 2P reserves value from a loss of -$3.4 million to a gain of $56.2 million.
Lengthened the TPP reserve life index from 10.1 to 22.8 years.