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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

Post by traderguy5000on Sep 28, 2024 2:22pm
516 Views
Post# 36245479

Prospects

ProspectsIt has been frustrating. Production was forecast to be 1800 bpd at this point, but is only 800. Investors are bailing. However, we are waiting for results from the three new wells drilled at Brooks, and the return of production from the ten Cuthbert wells that are currently held back while the water injection is being moved from the centre of the pool to the periphery. The Cuthbert wells were disappointing, but the company has demonstrated that moving the water injection will greatly enhance production. Good results from the Brooks wells and the return of the Cuthbert production will significantly close the production gap. Good news will provide significant gains for those who have the balls to buy. I've got stink bids in. If PEI goes to zero, I am dead. Being a little more dead won't make much difference. At 4.5, I think PEI is a much better bet than most Venture dogs. GLTAL  
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