Prospera Energy Inc.

Prospera Energy Inc. PEI: TSX-V; FRA: OF6A; OTC: GXRFF Prospera Energy Inc. announced that it has closed a non-brokered private placement of $1,314,000 by the issue of 17,520,000 units, each unit consisting of one common share and a partial warrant , of up to 15,330,000 warrants, each whole warrant entitling the holder to subscribe for one additional share for $0.09 for 2 years from closing. Proceeds will be used for [...]

Prospera Energy Inc. PEI: TSX-V; OF6A: FRA, OTC: GXRFF The restructured Prospera Energy overcame many legacy challenges and achieved many milestones in the year 2022. Consequently, PEI has positioned itself for strong growth in the year 2023 to finally overcome legacy obligations, achieve stability and greater profitability. In 2022 PEI achieved: Peak production levels of 1,250Boepd mainly oil from a low 80Bblspd from the [...]

Prospera Energy Inc. PEI: TSX-V; OF6A: FRA, OTC: GXRFF Prospera is pleased to announce medium-light oil flowing at 400 barrels per day production test results from the recent strategic medium-light oil property acquisition. The Corporation has closed this acquisition of a 50% working interest in Brooks, AB to diversify API product mix to increase margin and PEI asset value. Prospera has recompleted two wells from two [...]

Prospera Energy Inc. PEI: TSX-V; OF6A: FRA; OTC: GXRFF 2022 Q3 Highlights: In the third quarter of 2022, Prospera continued the restructuring efforts to be profitable and compliant, both environmentally & regulatorily. PEI accelerated the restructuring momentum by executing a significant well recompletion and reactivation work over program during Q3. As a result, PEI September exit production rate of 710 BOE/d is 40 [...]

Prospera Energy Inc. : TSX: PEI-V; OTC: GXRFF; FRA: OF6A announces that further to the Corporation's July 21, 2022 and September 1, 2022 press releases, the Corporation has closed this acquisition of a 50% working interest in Brooks, AB and 100% of the non-op minority working interest of southern Saskatchewan properties from Cabaca Resources. The Corporation agreed to purchase an undivided 50% working interest in [...]

Prospera Energy Inc. : TSX: PEI-V; OTC : GXRFF; FRA : OF6B The reorganized efforts of Prospera have resulted in increased gross production from 80bpd to 800bpd, Q2 revenue grew by 860%, reserve asset value grew from -3.4m$ to 56.2m$ from the previous year. Settled 14m$ of legacy arrears, reduced ARO liability by 1.5m$ and addressed over 400 legacy non-compliances to be fully regulatory & environmentally compliant [...]

Prospera Energy Inc. : TSX: PEI-V; OTC : GXRFF; FRA : OF6A Prospera Energy Inc. wishes to provide details in respect to its recent property acquisitions. Further to the Corporation's press release of July 21, 2022, Prospera has closed its previously described debt settlement and working interest acquisitions agreements. Pursuant to an arms-length debt settlement agreement dated February 16, 2022, the Corporation settled [...]

Prospera Energy Inc. : TSX: PEI-V; OTC : GXRFF; FRA : OF6A Prospera Energy is primarily focused on optimizing hydrocarbon recovery through environmentally safe and efficient reservoir development methods and production practices. Restructured PEI has elevated gross production levels to 925 Boepd from 80bpd in the span of a year and a half. PEI has piloted horizontal laterals in order to assess and improve technical and [...]

Prospera Energy Inc. : TSX: PEI-V; OTC : GXRFF; FRA : OF6A Message to Shareholders PEI has strategically acquired this light oil property to diversify its oil product mix and to realize higher margin. This acquisition is entirely success-based eliminating any requirement for large up front capital investment. This asset provides PEI with a significant development opportunity along the light-oil formation fairway. This [...]

Prospera Energy Inc. PEI: TSX-V; OF6A: FRA Second Quarter 2022 Highlights: In the second quarter of 2022, the renewed Prospera is pleased to realize milestone positive Net Income and EBITDA in Q2 2022, supported by robust commodity pricing. PEI continued to execute the restructuring objectives of production optimization, compliance, and ARO reduction. However, breakup weather conditions mitigated the activity level in [...]