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Prospera Energy Inc ( (TSE:PEI) ) has shared an update.
Prospera Energy Inc. has announced an amendment to its $12.2 million promissory note, adding $750,000 to facilitate a workover program aimed at enhancing production in its Heart’s Hill and Luseland properties. This program is expected to drive additional cash flow and production sustainability by targeting low-risk, capital-efficient projects. Additionally, the company has agreed to settle a $75,000 trade payable with a key vendor through the issuance of 1,250,000 common shares, reinforcing its commitment to future development plans.
More about Prospera Energy Inc
Prospera Energy Inc. is a Canadian energy company engaged in the exploration, development, and production of crude oil and natural gas. Based in Calgary, Alberta, the company focuses on optimizing recovery from legacy fields using environmentally safe and efficient methods. Its core properties are located in Saskatchewan and Alberta, including Cuthbert, Luseland, Hearts Hill, and Brooks. Prospera is publicly traded on the TSX Venture Exchange and the U.S. OTC Market.
YTD Price Performance: 50.0%
Average Trading Volume: 453,621
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$19.21M
For a thorough assessment of PEI stock, go to TipRanks’ Stock Analysis page.
