“I Want To Build A Company That People Want To Emulate” says Prospera Energy Advisor Dave Richardson
In this interview, Prospera Energy (TSX.V: PEI, OTC: GXRFF, FRA: OF6B) strategic investor and advisor Dave Richardson shares regarding how he plans to help build Prospera into a company that others want to emulate. Investor Peter Lacey (approx. 10% ownership) explains why he financed Prospera through restructuring and why he is deferring repayment of one of his debentures for another two years in order to help the company. CEO Samuel David provides an update on Prospera’s improved licensed liability rating and growth plans. And Engineering Specialist Angela Vande discusses how she is advising and guiding Prospera’s reclamation process to become a green energy (Oil & Gas) industry representative.
Propera Energy is coming out of restructuring (2020-2022) and aiming to grow its 1,250+ boepd (YE 2022) to 10,000 boepd over the next 2-3 years by optimizing its current assets and through strategic acquisitions. The company has about 400 million barrels of oil in place. And Prospera’s core assets in Saskatchewan and Alberta had previously, during peak oil times when they were being fully developed by multinational oil companies, already seen production of over 10,000 boepd. The company has the facilities to accommodate over 10,000 boepd.
0:00 Introduction
1:12 Samuel David on the improved License Liability Ratio
3:20 Angela Vande: Reclamation work progress
6:39 Dave Richardson’s vision for Prospera
9:41 Samuel David: ESG improves balance sheet and environment
10:54 Dave Richardson’s work to make O&G companies environmentally sustainable
13:27 Peter Lacey’s support of Prospera Energy
17:25 Samuel David: Growth update
