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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 Oct 25, 2024 10:56am
134 Views
Post# 36281975

3.5

3.5Filled at 3.5, now bidding at 3. Somewhere down there is a bottom greater than zero. Yesterday's NR is being mercilessly bashed on other boards. The update is definitely unusual. I've never seen anything like it. It's basicaly the history of the company. The update is being interpreted as a desperation move of a desperate management. I see it differently. I was glad to see the update. Management is aware of the fact that investors are taking a pounding, and is signaling investors that the market is overreacting, and patience is required. It ain't over. At the same time, I really hope we don't see 0.005.
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