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Prospera Energy Inc. GXRFF


Primary Symbol: V.PEI

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 Nov 19, 2024 6:00pm
159 Views
Post# 36320639

Board

BoardSo in a little over two weeks, in comes Garg, and out go David, Clifford and Dhaliwal, and we've gone from six directors to four. Half the old Board is gone. I think Garg is a good addition as chair. This is an indication that PEI has gone off the tracks and is trying to get back on. I hope the Board does not fire Sameul David. PEI is his project, and he's the reason I'm here. Nevertheless, 2024 was the "transitional year of profitabiliy" that was anything but. This project may not measure up to what was presented at the begining of the year. The held back production needs to be resolved. Hopefully it can. I don't know if replacing Sam would make any difference. The project is what is is. If current PEI staff cannot fix PEI, I'm not sure someone new could fix it. Basically, PEI is dead money until next Spring. There will be tax loss selling and the usual low Winter production. I just hope they don't do anything really stupid. I definitely want them to fix what they've got before borrowing any more money. I also don't want to see a large equity raise or reverse split. PEI is typical of most Venture dogs; nasty surprises are the rule.   
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