Prospera Energy Inc. Prospera CEO, Sarshar Ahmad wishes to update shareholders on 2020 operations to date and further guidance for the remainder of 2020 and 2021. During the first quarter of 2020, the World Health Organization declared COVID-19 to be a global pandemic. Prospera Energy's primary focus and concern has always been the health and safety of the Corporation's employees, contractors, partners, service providers [...]
Prospera Energy Inc. Prospera wishes to update and advise shareholders on a key acquisitional agreement. The Corporation is pleased to announce that it has entered into an Agreement whereby Prospera Energy is increasing its total asset holdings and interest at the Hearts Hills and Luseland properties. On August 17, 2020 Prospera has signed an agreement for the acquisition of an additional 40% net working interest from [...]
Prospera Energy Inc. Prospera shareholders voted in favour of all items of business brought before them at the Corporation's annual General Meeting of Shareholders held on June 29, 2020 in Calgary. Shareholders holding a total of 65,122,311 common shares were represented in person or by proxy at the AGM, representing 30.17 per cent of the votes attached to all outstanding common shares of the Corporation as at the record [...]
Prospera Energy Inc. has received a Statement of Claim filed by former CEO, Mr. Robert Richardson in the amount of approximately $320,000 for alleged wrongful dismissal and other damages related to Mr. Richardson's services with the Corporation. Prospera believes it has acted reasonably to date and believes that the Claim is completely without merit. Prospera has engaged appropriate advisors and intends to vigorously [...]
Prospera Energy Inc. announces that as a result of related delays caused by COVID-19, the Corporation requires additional time to complete its filing of its unaudited interim financial statements and accompanying management's discussion and analysis for the quarter ended March 31, 2020, in reliance on the exemption provided in ASC Blanket Order 51-517 Temporary Exemption from Certain Corporate Finance Requirements of the [...]
Prospera Energy Inc. is pleased to announce its financial and operating results for 2019. The condensed interim financial statements, and related management's discussion and analysis will be available at www.sedar.com and www.prosperaenergy.com. OPERATION AND FINANCIAL SUMMARY The Corporation's oil and gas revenues have continued to experience significant growth due to changes in production volumes and the acquisition of [...]
Prospera Energy Inc. Prospera Energy Inc. is very pleased to release the results of its 2019 year-end oil and gas reserves evaluation for the Corporation's Alberta and Saskatchewan properties. Reserves Report Highlights The Independent Reserves Report prepared by GLJ Petroleum Consultants is effective as of December 31, 2019 . All reserves information contained in this press release is based on the 2019 Reserves Report [...]
Prospera Energy Inc. today announces that the Company is relying on the Alberta Securities Commission Blanket Order 51-517 Temporary Exemption from Certain Corporate Finance Requirements to file its audited financial statements for the year ended December 31, 2019 and the accompanying management's discussion and analysis under National Instrument 51-102 Continuous Disclosure Obligations , CEO and CFO certifications under [...]
Prospera Energy Inc. announces that on January 17, 2020, Savi Franz, Chief Financial Officer of the Corporation, became a "control person" of the Corporation as a result of her acquisition of all of the issued and outstanding shares of Taurus Management Inc., a company which holds 2,868,990 common shares in the capital of the Corporation. The Acquisition resulted in Ms. Franz holding 20.94% of the Corporation's issued and [...]
Prospera Energy Inc. is pleased to announce the appointment of Mr Patrick Edward Simpson as a director of Prospera and member of the Corporation's audit committee with immediate effect. Mr. Simpson has over 15 years experience in corporate finance, working as an investment advisor with multiple financial institutions in Canada throughout his career. About Prospera Prospera Energy Inc. is a Canadian natural resource [...]
Prospera Energy Inc. announces the resignation of Mr. Daryl Fridhandler as Chairman and a member of the Board of Directors. Prospera wishes to thank Mr. Fridhandler for his past services, commitment and dedication to the company and wish him well in all his future endeavours. The Corporation will be announcing the appointment of another director as soon as possible. About Prospera Prospera Energy Inc. is a Canadian [...]
Prospera Energy Inc. announces the resignation of Robert Richardson as Chief Executive Officer of the Corporation. Sarshar Ahmad, President and a director of the Corporation, will assume the role of interim Chief Executive Officer while the Corporation finalizes its plans with respect to Mr. Richardson's replacement. Prospera's board would like to thank Mr. Richardson for his many contributions to the Corporation and [...]
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