Prospera Energy Inc. (V:PEI*CA)

Business Focus: Oil & Gas Exploration and Production (NEC)

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
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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

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