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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.
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Post by PressReleaseon Aug 16, 2023 2:01am
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Post# 35590378

New Press Release - Prospera Energy Inc. Commences Modular Horizontal Infill Well Program to Capture 400 million barrels of Remaining Oil

New Press Release - Prospera Energy Inc. Commences Modular Horizontal Infill Well Program to Capture 400 million barrels of Remaining Oil
CALGARY, Alberta, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (“Prospera” or the “Company”) (TSX.V: PEI, OTC: GXRFF, FRA: OF6B, OF6B.SG, OF6B.F, OF6B.BE).Prospera is pleased to announce the spudding of the first horizontal well of the ten well modular multi-pad infill drill program in...read article.
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