- Prospera’s holdings include significant remaining reserves totaling an estimated half a billion barrels of oil across more than 42,000 acres in Saskatchewan and Alberta
- Following a top-down reorganization in 2021, the company is poised to rapidly expand its production in the coming months while implementing key ESG initiatives to reduce the environmental footprint of its operations
- Prospera is exploring a potential acquisition opportunity that could see its production capacity expanding beyond 5,000 barrels per day
- The company is led by a team with extensive, diverse petroleum industry experience and a proven track record of reorganizing organizations, structuring financing arrangements and positioning for growth
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 legacy fields through environmentally safe and efficient reservoir development methods and production practices. It is in the midst of a three-stage restructuring process aimed at prioritizing cost effective operations while…
NOTE TO INVESTORS: The latest news and updates relating to GXRFF are available in the company’s newsroom at https://ibn.fm/GXRFF
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