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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

    Incredible DD! Check this out!
  • F
    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
    • 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
    • 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
    PEI has a rig drilling .
  • P
    This will explode very shortly. Load and go. Oil !!!!
  • H
    calm before the storm
  • P
    Great news
  • P
    Could be next baytex
  • H
    This is going to the moon 🌙
  • H
    hope for a spud date soon
  • M
    this is a rocket ready to lauch
    Tx date 2020-01-28
    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
    +2,946,384 vol
    $0.06 each

    the chief financial added 5M shares for 263 000 $ in one month, publicly or privatley. Last purchase at .06
    something big is coming!!!
  • M
    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) (
  • S
    It has started
  • A
    Any news ?
  • C
    Chin Yuen Kee
    Anyone know how much total debt this company has on the books?
  • j
    Time to start buying again folks!!
  • J
  • s
    I also heard a nr coming soon
  • S
    New board member good things on the horizon