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. > Prospera

<< Previous

Bullboard Posts

Next >>

Comment by McBollyon Nov 27, 2024 9:56am

92 Views

Post# 36333342

RE:RE:RE:Prospera

"There is a material risk that the Corporation will be unable to meet its payable obligations as they become due."
$37MM in debt, which is worse than I thought and for whatever reason they increased their G&A by 66%, adding field and office staff, at an average cost of $135,000/yr, to decrease production??
Sam is noticeably absent from signing the MD&A and the interim statement by the CEO was signed by Garg, so looks like he is gone.

<< Previous

Bullboard Posts

Next >>

Gold vs. bitcoin, where should you invest?