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Prospera Energy Inc ( (TSE:PEI) ) has issued an update.
Prospera Energy Inc. has reported a successful month of operations, with notable production increases and efficient capital management. The completion of a nine-well workover program has enhanced production, particularly in the Luseland pool, and operational efficiency has been achieved through cost-effective workovers and winterization activities. The company is actively addressing non-compliance issues and optimizing well production, especially in Brooks and Cuthbert. Rising oil prices and improved production have bolstered the company’s cash flows, supporting further operational improvements and financial stability.
More about Prospera Energy Inc
Prospera Energy Inc. operates in the energy sector, focusing on oil and natural gas production primarily in Canada. The company is engaged in developing and optimizing its properties, such as Cuthbert, Brooks, and Luseland, with an emphasis on improving operational efficiency and boosting production output.
YTD Price Performance: 66.67%
Average Trading Volume: 452,957
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$21.35M
Learn more about PEI stock on TipRanks’ Stock Analysis page.
