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Prospera Energy Inc V.PEI

Alternate Symbol(s):  GXRFF

Prospera Energy Inc. is a Canada-based energy company. The Company specializes in the exploration, development, and production of crude oil and natural gas. Its core properties include Cuthbert, Luseland and Heart Hills in Saskatchewan; and Red Earth and Pouce Coupe in Alberta. Its Phase II restructured development program intends to increase production. The Phase II development entails the drilling of 10 horizontal wells in heavy oil and 8 slanted wells in medium-light oil to accelerate growth and capture the remaining reserves (400 million bbls). It also seeks to reduce its environmental and surface footprint by eliminating the numerous vertical well leases along the lateral path.


TSXV:PEI - Post by User

Comment by mofwmofwon May 03, 2024 7:42am
154 Views
Post# 36021151

RE:Discussion with Mgmt on YouTube

RE:Discussion with Mgmt on YouTubeVery nice interview with management it's going to be a great year. Had to sell some to buy something else but still have a lot of shares and I think we have a great company that started off very rough and in the hole probably somewhere around 25 thirty million dollars but they see light at the end of the tunnel and it looks good from here unless of course oil goes back down to sixty dollars which a lot of people don't think that will happen. Have a great day and good luck to all. 
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