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.

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Prospera Energy Inc. > Going Forward

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Comment by Trademark11on Jun 13, 2024 5:45am

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Post# 36086446

RE:RE:RE:RE:Going Forward

They received two licenses to drill two slanted or deviated wells as a follow up to the slanted well and reperf performed last year. they have not gone horizontal in this play yet although there are plans to do two of them this summer. also two horizontal in Hearts Hill and one Hz in Luseland with heated waterflood plus CO2 EOR "Huff and Puff " plan for the latter. Hearts Hill giong after Bakken first and folliowing up with Sparky play secondarily. Those two fields are only doing 100 and 200 boed presently. Upside is huge.

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