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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 Trademark11on Jun 18, 2024 4:55am
121 Views
Post# 36093451

RE:RE:RE:PEI.V READY FOR A MOVE HERE

RE:RE:RE:PEI.V READY FOR A MOVE HEREIf management had not taken the high road and declared bankruptcy, none of the landowners in arrears would ever get paid.  Not declaring bankruptcy is the integrity road less taken , but unfortunately legacy account payables take time to render.  Landowners will get paid, but they need to understand that Prospera management could have walked away leaving the landowners with nothing.  While I understand their concerns, they may want to look at the glass half full approach and be patient.
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