Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Prospera Energy Inc. (V:PEI)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
See Regulatory Filings on SEDAR
Company Contact
Address: 840 6 Ave SW Suite 500
CALGARY AB T2P 3E5
Tel: N/A
Website: prosperaenergy.com
IR: See website
Key People
Samuel David
President, Chief Executive Officer, Director
Matthew Kenna
Chief Financial Officer
 
Business Overview
Prospera Energy Inc, formerly Georox Resources Inc, is a Canada-based company, which is engaged in the acquisition, exploration and development of oil and natural gas in Western Canada. The Company has oil and gas interests in Red Earth/Otter, Alberta. The Red Earth property consists of over 2.12 sections with approximately nine producing oil wells and a standing oil well. The Otter property is located approximately 20 kilometers northwest of Red Earth and consists of a section of land. The Company also has interests in Pouce Coupe area, northwest Alberta; Silverdale Property; Sparky Non Channel Project; Coteau Lake area in southeastern Saskatchewan and northeast Montana; Kitscoty Lloydminste and Lloydminster property.
Financial Overview
For the three months ended 31 March 2021, ProsperaEnergy Inc revenues decreased 30% to C$629K. Net incomeapplicable to common stockholders totaled C$450K vs. lossof C$1.2M. Revenues reflect Petroleum and natural gas salesdecrease of 30% to C$673K. Net Income reflects General andadministrative decrease of 47% to C$252K (expense),Depletion and depreciation decrease of 71% to C$69K(expense).
Reporting Currency: Canadian Dollars
Enterprise value: $7.24M as of Mar 31, 2021
Annual revenue (TTM): $2.81M as of Mar 31, 2021
EBITDA (TTM): -$0.68M as of Mar 31, 2021
Net annual income (TTM): -$10.05M as of Mar 31, 2021
Free cash flow (TTM): -$1.03M as of Mar 31, 2021
Net Debt Last Fiscal Year: $2.18M as of Mar 31, 2021
Shares outstanding: 105,802,273 as of May 28, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization