PEI.V OIL ONE TO WATCH HERE . IT NOW HAS COMPLETE OWNERSHIPProspera Energy Inc. Announces Increased Working Interest in Core Properties
Now, Prospera has 100% ownership of the Luseland asset that has largest oil reserve of an estimated 280 million barrels of Original Oil in Place (OOIP). Additionally, Prospera 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 working interest has increased from 69% to 86%. Both Hearts Hill and Cuthbert assets have full infrastructure in place with facilities that can handle 75,000-barrels of emulsion each. This acquisition significantly enhances Prospera’s control over its most substantial resource, enabling optimized development and management of these reserves.