Prospera Energy Inc. Prospera is pleased to announce that it has appointed Mr Ryan Bulger to the position of Corporate Production Manager, and Mr. Peter Lubey to the position of Exploitation Manager. Mr. Bulger brings 17 years of petroleum engineering experience in field based operations, production supervision, project management, capital budgeting, and resource exploration and development. He has an extensive background [...]
Prospera Energy Inc. announces that on May 17, 2019 it has completed the acquisition of an additional 15% net working interest from a participating interest holder of the southwest Saskatchewan Hearts Hills and Luseland properties. The purchase price was satisfied by a reduction of the vendors arrears for operational costs of $500,000 and $50,000 cash advanced by an Insider of the Corporation. Prospera has now increased [...]
Prospera Energy Inc. is pleased to announce that the Corporation successfully completed the sale of its Silverdale assets on May 2nd, 2019 for gross proceeds totalling $330,000. In addition to the completion of the Silverdale assets sale, Prospera has also signed terms of an amending agreement with its Lender for the renewal of its Credit Facilities, which relaxed certain financial covenant thresholds effective April 30 [...]
Prospera Inc. At the request of IIROC Prospera wishes to confirm that the Corporation's management is unaware of any material change in the Corporation's operations that would account for the recent increase in market activity. About Prospera Prospera is a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in Western Canada. Prospera develops, acquires and [...]
Prospera Inc. has completed a non-brokered private placement of 7,560,000 units of the Corporation at a price of $0.05 per Unit for aggregate gross proceeds of $378,000. Each Unit consists of one common share of the Corporation and one Common Share purchase warrant. The Warrants will not be listed. Each Warrant shall be exercisable for one Common Share at a price of $0.12 per Common Share for a period to and including [...]
Prospera Energy Inc. announces that further to the Corporation's press release issued on December 13, 2018, Prospera has completed the acquisition of an additional 15-per-cent working interest at the western Saskatchewan and eastern Alberta properties. Prospera has now increased the Corporation's total working interest at these properties from 20 per cent to 35 per cent. Financing for this acquisition was completed [...]
Prospera Energy Inc. is pleased to announce that it has entered into a Purchase Agreement whereby it is increasing its working interests in oil and natural gas producing operations at the recently acquired southwest Saskatchewan and eastern Alberta properties from 20% to 35%. Prospera's average net production increase in these properties will be approximately 150 boed bringing total net output to 427 boed overall, based [...]
Prospera Energy Inc. is pleased to announce its financial and operating results for the three and nine months ended September 30, 2018. 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 experienced significant growth due to changes in [...]
Prospera is pleased to announce that the ongoing strategic objective to strengthen shareholder value through continued expansion and acquisitions has resulted in significant increases in the Corporation's overall production and revenue. The newly acquired properties in Saskatchewan and Alberta are successfully producing above management's expectations. Please refer to the press release dated June 13, 2018 for detailed [...]
Effective as of November 26, 2018, Sarshar Ahmad has resigned as the Corporation's Vice President of Exploration and Development. The Corporation expresses its appreciation to Mr. Ahmad for his past services and wishes him success in his future endeavours. Mr. Ahmad will continue to assist the Corporation on a consulting basis. About Prospera: Prospera is a Canadian natural resource company engaged in the acquisition [...]
Prospera Energy Inc. Prospera is pleased to announce that following the closing of the acquisition in Saskatchewan and Eastern Alberta of the oil and gas properties: Luseland, Hearts Hill and Cuthbert on Jun 11, 2018 that all three properties have been in production to date. Prospera shall provide an operational and production update to its shareholders on information pertaining to it's newly acquired properties and [...]
Prospera Energy Inc. At the request of IIROC, Prospera wishes to confirm that the Corporation's management is unaware of any material change in the Corporation’s operations that would account for the recent increase in market activity. About Prospera Prospera is a Canadian natural resource company engaged in the acquisition, exploration, development and exploitation of oil and gas properties in Western Canada. For further [...]
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