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Prospera Energy Inc. (PEI.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.0700+0.0050 (+7.69%)
As of 03:14PM EDT. Market open.

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  • F
    Franco
    https://youtu.be/LThx14qOXpQ

    Incredible DD! Check this out!
  • F
    Fectau
    Annual Overview
    2021 was a transformational year for Prospera as the Corporation was restructured to be compliant, and profitable for
    all stakeholders. During the year the Corporation successfully restructured management, improved the balance sheet,
    and addressed over 400 non-compliance regulatory issues to improve the financial position and liquidity while
    positioning the Corporation for accelerated growth in 2022 and years onward. During the year the Corporation
    effectively:
    • Restructured the Board of Directors with diverse business and technical backgrounds and formed an
    experienced management team focused on technical delineation and financial discipline to optimize oil
    recovery in a safe and cost-effective manner. The board is focused on development, expansion, and growth
    to create and maximize shareholder value whilst being ESG friendly.
    • Achieved Net Income of $4,349,802 in 2021 which is an increase from 2020 net loss of -$11,728,262. The
    main driver of the increase is due to a 2021 (net) impairment reversal of $6,849,087 (reserves related) and
    gain on debt forgiveness of $1,834,246.
    • Deployed working capital to optimize production to the current 600 barrels of oil equivalent (BOE) per day
    (gross) resulting in significantly increased monthly revenue.
    • Increased the Corporation’s ownership in its Saskatchewan core properties from an average of 40% - 80%+.
    • Issued convertible debt through multiple private placements, raising a net total of $6,469,410; raised equity
    proceeds of $902,000.
    • Announced Proved + Probable reserves volume increase from 464Mbbl to 2,644Mbbl; Increased NPV@10%
    increase from -$3.4 million to +$56.2 million.
    • Settled $1,575,000 of mezzanine debt and reduced AP liabilities by $2,261,842 (based on 2020 closing
    balances).
    • Secured a letter of intent (LOI) for an adjacent (strategic fit) heavy oil property similar to the current three
    Saskatchewan assets.
    • Executed a commitment letter to acquire a proximal light oil play with a development plan to increase
    production by 1,000+bpd.
    • Completed horizontal drilling program in Q2 2022 that demonstrates commercial viability of the existing
    reservoir; summer/fall drilling program is expected to increase total gross production to 1,500+ bpd by end of
  • H
    Hagendaz
    PEI has a rig drilling .
  • P
    Patsy
    This will explode very shortly. Load and go. Oil !!!!
  • H
    Hagendaz
    calm before the storm
  • P
    Patsy
    Great news
  • P
    Patsy
    Could be next baytex
  • H
    Hari
    This is going to the moon 🌙
  • H
    Hagendaz
    hope for a spud date soon
  • M
    Marty
    this is a rocket ready to lauch
    Tx date 2020-01-28
    $PEI
    Prospera Energy Inc.
    Franz, Savitri
    3 - 10% Security Holder of Issuer
    Holder: Z

    igma Inc. (Indirect Ownership)
    Common Shares
    11 - Acquisition or disposition carried out privately
    $176,783.04
    +2,946,384 vol
    $0.06 each
    10,444,550

    the chief financial added 5M shares for 263 000 $ in one month, publicly or privatley. Last purchase at .06
    something big is coming!!!
  • M
    Marty
    KELOWNA, BC / ACESSWIRE / August 29, 2019 / Prospera Energy Inc. (TSXV:PEI)(FRA:OF6A) (
    KELOWNA, BC / ACESSWIRE / August 29, 2019 / Prospera Energy Inc. (TSXV:PEI)(FRA:OF6A) (
    crweworld.com
  • S
    Starlight
    It has started
  • A
    Andy
    Any news ?
  • C
    Chin Yuen Kee
    Anyone know how much total debt this company has on the books?
  • j
    joshua
    Time to start buying again folks!!
  • J
    Justin
    Soon
  • s
    steve
    I also heard a nr coming soon
  • S
    Starlight
    New board member good things on the horizon