Prospera is a clean and safe energy producer with oil and gas operations in Western Canada. The company applies modern and cost-effective horizontal drilling techniques to reduce environmental footprint of numerous vertical wells.

Bullboard - Investor Discussion Forum 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... see more

TSXV:PEI - Post Discussion

Prospera Energy Inc. > PEI.C NEWS THIS YEAR HIGHLITES.

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Post by Charts1 on Apr 20, 2023 10:47am

PEI.C NEWS THIS YEAR HIGHLITES.

In 2022 PEI achieved:

Peak production levels of 1,250Boepd mainly oil (80%) from a low 80Bblspd from the year 2021.
Realized record level revenue, EBITA & cash flow by greater than 150% compared to the year 2021.
Reduced operating cost per barrel to less than $40/bbl from greater than $60/bbl in the prior year.
Increased the Corporation’s ownership in the core properties from an average of 40% to 80%.
Appreciated NPV@10% 2P reserves value from a loss of -$3.4 million to a gain of $56.2 million.
Lengthened the TPP reserve life index from 10.1 to 22.8 years.

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