Prospera Energy Inc. During the first six months of 2024, Prospera generated positive cash flows of $557,068 from operating activities; a vast improvement from the previous year during the same period. Typically, production rates are burdened by adverse cold weather conditions in these quarters, regardless, Prospera attained the highlights for Q2 2024: Reported net income of $137,933 in Q2 2024 vs. net loss of in Q2 2023 [...]
Final Call for One-on-One Meeting Requests to Presenting Companies by Institutional Investors, Portfolio Managers, Financial Analysts, CIOs, and Other Investment Industry Professionals. World Class Energy Companies to Present; Presentation Times and Schedule for All Participating Companies Posted on the Conference Website www.enercomdenver.com Investors, Analysts, and Energy Industry Professionals Can Still Register to [...]
Investors, Analysts, and Energy Industry Professionals Can Register to Attend at www.enercomdenver.com EnerCom, Inc. is pleased to announce that institutional investors, portfolio managers, financial analysts, CIOs and other investment industry professionals registered for EnerCom Denver - The Energy Investment Conference can now request One-on-One meetings with senior management teams of participating companies . The [...]
On July 17, 2024, Vittorio Valsecchi acquired 1,850,000 common shares of Prospera Energy Inc. at a price of approximately C$0.08 per Common Share for an aggregate purchase price of C$148,283.81 . The purchased Common Shares were acquired through the facilities of the TSX Venture Exchange. Prior to the Acquisition, Mr. Valsecchi beneficially owned an aggregate of 49,700,000 Common Shares of the Company, representing [...]
Prospera Energy Inc. Prospera is pleased to announce the 2024 development drilling program commencing in mid-July. The initial focus will be on multi-pad medium-oil infill directional wells based on 2023 positive drilling results. The 2023 capital outlay for the initial medium-oil well is on target to pay out in approximately 7 months demonstrating effective program execution and efficient return on capital. Due to [...]
On June 25, 2024, Vittorio Valsecchi acquired an aggregate of 550,000 common shares of Prospera Energy Inc. at a price of approximately C$0.065 per Common Share for an aggregate cost of C$35,750.00 . Prior to the Acquisition, Mr. Valsecchi beneficially owned 42,450,000 Common Shares of the Company, representing approximately 9.94% of the issued and outstanding Common Shares on a non-diluted basis. As a result of the [...]
Prospera Energy Inc. 2023 was a transformational year for Prospera transforming to horizontal well technology in the Saskatchewan heavy-oil fields. Also, to initiate medium/light-oil development to diversify from predominately a heavy oil producer. The company successfully drilled, completed, and tied in 9 horizontal wells in its Saskatchewan heavy-oil fields and 1 slanted well in its Alberta medium/light-oil field. PEI [...]
Prospera Energy Inc. Traditionally, Q1 of every year has been burdened by severe cold weather conditions in western Canada and this year was no exception. Consequently, Prospera's 2023 exiting peak rates of 1,800 boepd were affected by Q1 2024 PEI cold weather conditions. However, PEI was significantly better positioned to resume production on a much quicker timeline than in the same period the year before. In Q1 2024 [...]
Prospera Energy Inc. provides its second bi-weekly Default Status Report under National Policy 12-203 Management Cease Trade Orders , pursuant to which Prospera issued its original default announcement indicating that the filing of its annual audited financial statements, annual management's discussion and analysis and related certifications for the year ended December 31, 2023 would be delayed beyond the filing deadline [...]
Prospera Energy Inc. announces that further to its news release dated April 25, 2024, the Corporation's principal regulator, the Alberta Securities Commission granted a management cease trade order on May 7, 2024, under National Policy 12-203 Management Cease Trade Orders . Pursuant to the MCTO, Samuel David, the Chief Executive Officer, and Chris Ludtke, the Chief Financial Officer, may not trade in securities of the [...]
Prospera Energy Inc. announced that it has agreed to settle claims from a former executive by the payment of $120,000 over a period of 6 months, and by the issuance of 2,181,818 common shares at a deemed price of $0.055 per share. This share issuance is subject to the approval of the TSX Venture Exchange. The shares, when issued, will be subject to trading restriction of four months and a day. About Prospera [...]
Prospera Energy Inc. . Prospera Energy Inc. announces that the filing of its audited annual financial statements, management's discussion and analysis and related CEO and CFO certifications for the financial year ended December 31, 2023 , will be delayed beyond the filing deadline of April 29, 2024, and as a result is in default of its obligations under Part 4 of National Instrument 51-102 Continuous Disclosure [...]