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. > Solvent

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Post by traderguy5000on Oct 24, 2024 12:23pm

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Post# 36280457

Solvent

One of the most important sentences in the update. PEI is not going to zero. Hopefully that proves correct. As long as I believe PEI is not going to zero, I will continue to accumulate. The bashers are all stoking the fear that PEI is terminal, and they have been winning for some time. A little cash goes a long way at 3.5.

"Through a successful restructuring, PEI has eliminated the risk of insolvency"

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