Prospera Energy Inc.

Prospera Energy Inc. PEI: TSX-V; OF6A: FRA, OTC: GXRFF In March 2023, Prospera Energy granted incentive share options to integral employees / consultants and management team members to maintain continuity to execute the restructured Prospera's development plan. Prospera has issued a total of 1,250,000 options at $0.10 and 400,000 options at $0.11 and 1,523,140 at $0.125 pursuant to its incentive stock option plan to [...]

Prospera Energy Inc. PEI: TSX-V; OF6A: FRA, OTC: GXRFF Prospera Energy announces the first closing of CDN $3.015 million non-brokered private placement financing of debt with an equity bonus to fund its 2023 phase 2 capital program that entails SK HZ and AB directional drilling, LMR plan to reduce ARO & environmental footprint and upgrade infrastructure to accommodate planned growth. The financing is subject to approval [...]

Prospera Energy Inc. PEI: TSX-V; OF6A: FRA, OTC: GXRFF Approximately, two years ago Prospera was restructured to be profitable and compliant from a terminal position. Although the focus was to increase production rapidly, Prospera has commendably managed to address 400+ non-compliances and abandoned 60 wells. As a result, PEI has elevated the regulator License Liability Rating from a deficit 0.37 past the regulator [...]

Prospera Energy Inc. PEI: TSX-V; OF6A: FRA, OTC: GXRFF Prospera is structured to be well-capitalized in 2023 to fund the capital development program to capture the significant remaining reserves in place. PEI total capitalization includes strategic debt offering below, combined with substantial warrant exercise program of up to $10 million CAD in 2023 plus positive cash flow from operations. PEI hereby announces that it [...]

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 [...]