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Prospera Energy Inc V.PEI

Alternate Symbol(s):  GXRFF

Prospera Energy Inc. is a Canada-based energy company. The Company specializes in the exploration, development, and production of crude oil and natural gas. Its core properties include Cuthbert, Luseland and Heart Hills in Saskatchewan; and Red Earth and Pouce Coupe in Alberta. Its Phase II restructured development program intends to increase production. The Phase II development entails the drilling of 10 horizontal wells in heavy oil and 8 slanted wells in medium-light oil to accelerate growth and capture the remaining reserves (400 million bbls). It also seeks to reduce its environmental and surface footprint by eliminating the numerous vertical well leases along the lateral path.


TSXV:PEI - Post by User

Comment by Rob0012on Aug 24, 2022 10:36am
240 Views
Post# 34916872

RE:Volume

RE:VolumeReally?  10k as of now today. 
 Huge current asset over current liability deficeincy.  Low 368 BOED production.  88,000,000 (!!!!) 5 cent outstanding warrants.  2 horizontal testing pilots ongoing, woohoo!  What are the catalysts here to promote investment?  Are there researches available?  No corporate presentation?  Com'on...sell it to me!
Rob
PS better have a look and take advantage of today dip on Arrow exploration (AXL).  Read the today NR carefully and llok at what the furutre is for that one.  Mkt is reacting to production results not as good as expected and problems still ongoing with one well (to be fixed any day).  Won't talk about AXL again on this board.
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