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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. > Going Forward
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Comment by borne2runon Jun 12, 2024 8:44pm
109 Views
Post# 36086195

RE:RE:Going Forward

RE:RE:Going ForwardAnd just how will Prospera pay for the drilling rig?  Confetti?  Company has a massive working capital deficit.  New production from 2023 drill program was supposed to produce suffcicient positive cash flow to drill more wells.  Well, that obviously didn't occur. 

Shareholders are bagholders.

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