Prospera Energy: 18 Well Drill Program Explained by CEO Samuel David (1hr webinar with Q&A)

Prospera Energy (TSX.V: PEI, OTC: GXRFF, FRA: OF6B) is commencing its 18 well summer drill program. The company aims, in the next 2-3 years, to reduce production costs to possibly under C$20/barrel and achieve 10,000+ boepd by optimizing 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 saw (without EOR) production of over 10,000 boepd. The company has the facilities to accommodate over 10,000 boepd.

In this 1-hour webinar, CEO Samuel David explains the transformational 18-well drill program and then answers questions from investors in a live Q&A which occurred on 8.3.23.

PRESENTATION USED IN THIS WEBCAST (click to open)