Prospera Energy TSXV:PEI Stock Report

Prospera Energy Inc. (TSXV:PEI) entered into a purchase and Sale agreement to acquire 50% working interest in Light Oil Producing Assets in Alberta for CAD 0.3 million.

Prospera Energy Inc. (TSXV:PEI) entered into a purchase and Sale agreement to acquire 50% working interest in Light Oil Producing Assets in Alberta for CAD 0.3 million on April 7, 2022. The transaction is subject to TSX-Venture Exchange approval.

Prospera Energy Inc. Approves Board and Committee Appointments

Prospera Energy Inc. at its Annual General Meeting ("AGM") of Shareholders held on May 27, 2022 approved Mel Clifford as chairperson of the board of directors and Samuel David as chair of the reserve committee. Samuel David as Chair of the Reserve Committee. Chris Ludtke, Vice President Finance & Accounting; George Magarian, Vice-President. Kamal Alam, Vice President Engineering and Sandra Lee-Chong, Corporate Liaison stepped down as Officers.

Full year 2021 earnings released: EPS: CA$0.044 (vs CA$0.18 loss in FY 2020)

Full year 2021 results: EPS: CA$0.044 (up from CA$0.18 loss in FY 2020). Net income: CA$4.35m (up CA$16.1m from FY 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.

Prospera Energy Inc. (TSXV:PEI) acquired an additional 18% Net Working Interest in the Southwest Saskatchewan Hearts Hills, Luseland and Cuthbert Properties for CAD 1.4 million.