InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Settles $3.43M GORR Financing, Makes Significant Progress in Reducing Accounts Payable
October 3, 2024
Prospera (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) today announced that it has repaid, promptly and in full, its $3,430,000 high-interest 16%, Gross Overriding Royalty (“GORR”) financing. The company has also lowered its outstanding accounts payable (“AP”) obligations to approximately 16.0 million from approximately $20.5 million on December 31, 2023, representing significant progress. The move demonstrates […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Announces 17% Working Interest Increase in Its Core Heavy Oil Properties
September 5, 2024
Prospera (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) today announced the execution of agreements with two joint venture partners resulting in a 17% working interest (“WI”) increase in its core heavy oil assets. According to the announcement, the company has acquired an additional 7% WI in the Hearts Hill, Luseland, and Cuthbert properties from a joint […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Reports Q2 2024 Financial Results
August 13, 2024
Prospera (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) today announced financial results for the second quarter ended June 30, 2024 (“Q2 2024) and provided an operations update. Key highlights include reported net income of $137,933 in Q2 2024 vs. net loss of ($779,438) in Q2 2023; average net sales of 696 boe/d (gross 813 boe/d) in […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Announces Plans to Begin 2024 Development Program
July 5, 2024
Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a publicly traded energy company based in western Canada and specializing in the exploration, development and production of crude oil and natural gas, will be starting its 2024 development drilling program later this month. According to the announcement, the initial focus will be on multiped, medium-oil infill […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Has 550,000 Common Shares Acquired by Investor
June 26, 2024
Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a publicly traded energy company based in western Canada specializing in the exploration, development and production of crude oil and natural gas, has had 550,000 common shares acquired by Vittorio Valsecchi. The shares were acquired for approximately C$0.065 per common share, for a total cost of C$35,750. Prior to the […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Releases FY 2023 Financial Report
June 3, 2024
Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a publicly traded energy company based in western Canada specializing in the exploration, development and production of crude oil and natural gas, is reporting its 2023 results. Highlights of the report include average net sales in Q4 2023 of 723 boe/d (847 boe/d gross), an 86% increase […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Releases Q1 2024 Financial Report
May 31, 2024
Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a publicly traded energy company based in western Canada specializing in the exploration, development and production of crude oil and natural gas, is releasing its financial numbers for first quarter 2024. The company noted that its 2023 exiting peak rates of 1,800 boepd were affected by cold […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Releases Status Update
May 10, 2024
Prospera (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) recently announced that further to its news release dated April 25, 2024, its principal regulator, the Alberta Securities Commission (“ASC”), granted a management cease trade order (“MCTO”) on May 7, 2024, under National Policy 12-203 Management Cease Trade Orders. “Pursuant to the MCTO, Samuel David, the Chief Executive […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Releases 2024 Production Report, Corporate Update
April 25, 2024
Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a publicly traded energy company based in Western Canada specializing in the exploration, development and production of crude oil and natural gas, has announced that the filing of its required audited annual financial statements, including the management’s discussion and analysis and related CEO and CFO certifications for […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Announces 508% Increase in 2023 PDP Reserve Valuation
March 14, 2024
Prospera (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) today announced a 508% increase to its proven developed producing (“PDP”) reserve value of 27MM$, reflecting the success of the company’s 2023 development program. In addition, Prospera’s proven plus probable (“2P”) reserve value increased by over 60MM$ to a total of 133MM$ – largely driven by the undeveloped […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Announces Plan for Transitioning to Profitability in 2024
February 7, 2024
Prospera (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) today issued a corporate update summarizing its restructuring since the first quarter of 2021, where the company has methodically executed the planned development phases and attained drilling results exceeding expectations and substantiating technical and economical applications. Prospera recapped results of its 2023 drilling program and, based on the […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Recaps Successful Year, Eyes Robust 2024 Development Plans
January 5, 2024
Prospera (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) has announced that 2023 was a highly successful year for the restructured company. Among the highlights, PEI reportedly drilled, completed and tied-in nine horizontal wells in heavy oil reservoir with initial production rates exceeding expectations at 100+bpd per well. The ninth well was rig released on Dec. 24 […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Looking to Triple Daily Crude Output with Launch of Second Phase of Drilling Program
December 19, 2023
Prospera (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), an oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in Western Canada, announced that its sixth horizontal well had successfully commenced production as of early November, only weeks after the resumption of its horizontal infill drilling program. “Prospera has recently launched […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Releases Per-Day Production Report
December 14, 2023
Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a publicly traded energy company based in Western Canada specializing in the exploration, development and production of crude oil and natural gas, is reporting its per-day production. According to the announcement, the company announced a medium light oil 500-plus barrels per day flowing well from a full […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Announces Million-Dollar Development Financing, New Management Appointment
December 5, 2023
Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a publicly traded energy company based in Western Canada specializing in the exploration, development and production of crude oil and natural gas, has successfully completed a $3 million GORR financing. According to the announcement, the GORR portion bears a 1% royalty on Prospera’s revenue from its Cuthbert […]
Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Reveals Positive Drilling Results in Recent Interview
December 4, 2023
Samuel David, President and CEO of Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), recently discussed the company’s successful drilling program in an interview on the Financial Survival Network (https://ibn.fm/44mbK). “We have drilled five horizontals and infield drilling based on geological well delineation, well control, and seismic delineation,” said Mr. David during the interview. “Therefore, […]
Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Announcing Development Update
November 29, 2023
Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in Western Canada, provided investors and stakeholders with some positive news in recent days (https://ibn.fm/vWRmk). The company announced that its sixth horizontal well had successfully commenced production as of early […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Releases Status Update on Development Update
November 9, 2023
Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in western Canada, announced that it has resumed phase 2 development of its horizontal infill drilling program. The company anticipates the horizontal infill drilling transformation from vertical wells will continue […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Reports on Q3 2023 Performance, Debt Financing
November 1, 2023
Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in western Canada, is reporting on its third-quarter production and financial results. According to the announcement, the company is steadily recovering production rates that had been impacted by adverse weather […]
Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Provides Update on Drill Program; Announces Low-Dilutive Capital Raise
October 24, 2023
Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in Western Canada, recently provided the market with an update on the second phase of its restructuring program. Boasting a business model centered around optimizing hydrocarbon recovery from legacy fields […]
Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Increases Output as Canadian Oil Production Hits Record High
October 20, 2023
Canada is expected to hit an all-time high for oil production this year, according to the International Energy Agency (“IEA”) (https://ibn.fm/8UhdV). The agency forecasts that demand will rise by 1.9 million barrels per day (mb/d) to a record 101.7 mb/d as China lifts COVID restrictions. Accordingly, prices are set to hit $100 a barrel amid […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Provides Update Horizontal Development Production
October 4, 2023
Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in western Canada, is reporting that two of its five horizontal wells have begun production over the past week. According to the announcement, each well produced 125 bpd with less […]
Meeting Phase 2 KPIs, Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Emerging as a Model for Sustainable Growth in the Oil & Gas Industry
October 2, 2023
With more than 42,000 cumulative acres across Cuthbert, Luseland and Heart Hills in Saskatchewan and Red Earth and Pouce Coupe in Alberta, Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) has the potential to be a significant North American oil and gas producer. In 2021, the company underwent a top-down reorganization, a strategy to realize […]
Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Strategically Positioned for Record Growth Amidst Canada’s Push for Sustainability in the Oil and Gas Industry
September 28, 2023
Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a Canadian public oil and gas exploration, exploitation, and development company, remains dedicated to reshaping the future of the oil and gas sector by demonstrating that environmentally responsible production practices can enhance both resource recovery and industry sustainability. After the transformational year in 2022, when the company […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Releases Update on Drilling Program Update, Announces Capital Raise
September 27, 2023
Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in western Canada, is reporting on drilling progress and has announced a capital raise. The company is undertaking a nonbrokered private placement of debt financing with plans to raise up […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Aspiring to Change the Face of the Oil and Gas Industry
September 22, 2023
Prospera (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a public oil and gas exploration, exploitation and development company focused on Western Canada, appears poised for record growth. This builds on “the success from 2022, when the company realized a net income of $3.1 million and experienced rapid growth when its revenue grew by a staggering 860% […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Reports on Infill Drilling Program Update, Interest Payable Reduction Settlement
September 12, 2023
Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in western Canada, has completed the drilling of four of 10 horizontal wells in its current multipad infill drill program. According to the announcement, the wells “encountered structure and pay […]
Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) On Track for Expansion in 2023 Amid Growing Oil and Gas Market in Canada
September 6, 2023
Following its transformational efforts in 2022, Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a public oil and gas exploration, exploitation and development company focused on Western Canada, appears poised for record growth in 2023. Building on the success from 2022, when the company realized a Net Income of $3.1 million and experienced rapid growth […]
InvestorNewsBreaks – Why Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Is ‘One to Watch’
September 1, 2023
Prospera (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a public oil and gas exploration, exploitation, and development company focusing on conventional oil and gas reservoirs in Western Canada, uses its experience to develop, acquire and drill assets with potential for primary and secondary recovery. “Prospera’s core properties include more than 42,000 cumulative acres across Cuthbert, Luseland […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Initiates Coverage through IBN
August 23, 2023
Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in western Canada, has selected IBN (InvestorBrandNetwork) as its corporate communications partner. A multifaceted financial news and publishing company for private and public entities, IBN will leverage its investor-based distribution […]
IBN Coverage Initiated for Prospera Energy Inc.
August 23, 2023
LOS ANGELES, Aug. 23, 2023 (GLOBE NEWSWIRE) — via IBN – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in Western Canada, today announces it has selected the corporate communications expertise of IBN, a multifaceted financial news and publishing company for […]
Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Is ‘One to Watch’
August 17, 2023
Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) is a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in Western Canada. The company uses its experience to develop, acquire and drill assets with potential for primary and secondary recovery. Prospera is primarily focused on optimizing hydrocarbon recovery from […]
InvestorNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Announces Commencement of Modular Horizontal Infill Well Program
August 16, 2023
Prospera (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) today announced the spudding of the first horizontal well of the 10-well modular multi-pad infill drill program in the latter part of this week, subject to any weather-related or uncontrollable delays. According to the update, close to a hundred services have been coordinated along with lease preparation, permits […]