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Prospera Energy Inc. V.PEI

Alternate Symbol(s):  GXRFF

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

Comment by AlfTanneron Oct 16, 2023 5:36pm
108 Views
Post# 35686204

RE:RE:RE:RE:Where is the investor presentation?

RE:RE:RE:RE:Where is the investor presentation?
"They took it down to update."
Yes, because everyone knows it takes weeks to update an Excel spreadsheet.  It is really hard to do.  Almost as hard as getting out that remaining 90% of oil they claimed they could get out last year.
 
Since you are so in touch with management, can you explain why they have missed all their goals so horribly?  Their Q1 2023 presentation said that they would be at 2,400 barrels per day by the end of 2023, and 2023 earnings would be $21M.  Good thing I saved a copy so I could see how far reality was from what they promised investors.  Since the presentation falls under "forward looking statements", what they said cannot be considered to be "lies".  However, it did turn out to be very inaccurate.

Maybe Shubham can explain why they have been so far off.  He was pretty excited about this story back in January, before the story fell apart.
 
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