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. > PEI.V OIL INTERVIEW

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Comment by AlfTanneron Jul 19, 2023 5:23pm

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Post# 35548778

RE:RE:PEI.V OIL INTERVIEW

"What was the reason for the renewed revised (decrease) guidance?"

They realized the re-drilling depleted wells does not produce much oil. They also realized that ESG does not produce any oil at all.

Now investors have to wait for them to drill "Brooks", which could take another 4 months, and then it will be winter, and you cannot produce anything in the winter because it is cold. Then you have to wait until mid 2024 to find out if the "Brooks" drilling was successful or not.

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