Sector: Energy | Industry: Oil & Gas Exploration and Production |
Company Contact | |
Address: | Suite 730 444 - 7th Ave SW CALGARY AB T2P 0X8 |
Tel: | N/A |
Website: | https://www.prosperaenergy.com |
IR: | See website |
Key People | ||
Samuel David President, Chief Executive Officer, Director | Chris Ludtke Chief Financial Officer |
Business Overview |
Prospera Energy Inc. is a Canada-based energy company. The Company specializes in the exploration, development, and production of crude oil and natural gas. Its core properties include Cuthbert, Luseland and Heart Hills in Saskatchewan; and Red Earth and Pouce Coupe in Alberta. Its Phase II restructured development program intends to increase production. The Phase II development entails the drilling of 10 horizontal wells in heavy oil and 8 slanted wells in medium-light oil to accelerate growth and capture the remaining reserves (400 million bbls). It also seeks to reduce its environmental and surface footprint by eliminating the numerous vertical well leases along the lateral path. |
Financial Overview |
For the nine months ended 30 September 2023, Prospera Energy Inc revenues decreased 22% to C$7.7M. Net loss applicable to common stockholders totaled C$2.3M vs. income of C$619K. Revenues reflect Petroleum and natural gas sales decrease of 24% to C$8.6M. Net loss reflects Gain on derecognition of debt decrease from C$1.1M (income) to C$0K, General and administrative increase of 55% to C$1.8M (expense), Accretion increase of 80% to C$517K (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $28.67M as of Sep 30, 2023 |
Annual revenue (TTM): | $9.86M as of Sep 30, 2023 |
EBITDA (TTM): | -$0.11M as of Sep 30, 2023 |
Net annual income (TTM): | -$3.11M as of Sep 30, 2023 |
Free cash flow (TTM): | -$8.35M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $5.83M as of Sep 30, 2023 |
Shares outstanding: | 424,772,949 as of Mar 27, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |