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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
Sarshar Ahmad
President, Interim Chief Executive Officer, Chief Operating Officer
Savi Franz
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 six months ended 30 June 2020, Prospera Energy Inc revenues decreased 59% to C$1.5M. Net loss totaled C$1.6M vs. income of C$729K. Revenues reflect Petroleum and natural gas sales decrease of 61% to C$1.6M. Net loss reflects Gains decrease of 90% to C$75K (income), Depletion and depreciation increase of 36% to C$698K (expense), Other Non Operating I/E increase of 14% to C$124K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $3.15M as of Jun 30, 2020
Annual revenue (TTM): $5.02M as of Jun 30, 2020
EBITDA (TTM): -$0.72M as of Jun 30, 2020
Net annual income (TTM): -$2.39M as of Jun 30, 2020
Free cash flow (TTM): $0.77M as of Jun 30, 2020
Net Debt Last Fiscal Year: $1.35M as of Jun 30, 2020
Shares outstanding: 65,122,311 as of Jun 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization