Prospera Energy Inc.

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 [...]

Prospera Energy Inc. . Prospera Energy Inc. is pleased to announce a 508% increase to its proven developed producing reserve value of 27MM$, reflecting the success of PEI's 2023 development program. In addition, the company's proven plus probable reserve value increased by over 60MM$ to a total of 133MM$ - largely driven by the undeveloped reserve value increase from 58MM$ to $98MM$. PEI's December 31, 2023, year-end [...]

Prospera Energy Inc. Since 2021 Q1, Restructured Prospera has methodically executed the planned development phases and attained drilling results exceeding expectations and substantiating the technical and economical applications. The nine heavy oil horizontal drills and one medium light oil deviated well delivered initial production exceeding the expected initial production rates. Medium-light oil well was flowing at 500 [...]

Prospera Energy Inc. . 2023 was a highly successful year for the restructured Prospera Energy Inc. PEI 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 December 24th and was brought online on December 28th. In addition, PEI drilled a directional well accessing medium-light oil flowing at [...]