Prospera Energy Inc

Prospera Energy, Inc. is a Canadian natural resources corporation, which engages in the acquisition, exploration, and development of oil and gas properties in Western Canada. The company is headquartered in Calgary, Alberta. The company went IPO on 2000-03-21. The firm is primarily focused on optimizing hydrocarbon recovery from legacy fields through environmentally safe and efficient reservoir development methods and production practices. The company has 100% ownership of the Luseland asset, which has oil reserve of an estimated 280 million barrels of Original Oil in Place (OOIP). Additionally, the Company has gained 100% ownership of the Hearts Hill property, which contains the highest API oil (17API) among the three heavy-oil assets and holds upside potential in the Sparky formation. In Cuthbert, it has a working interest of approximately 86%. Both Hearts Hill and Cuthbert assets have full infrastructure in place with facilities that can handle approximately 75,000-barrels of emulsion each. The firm's Pouce Coupe property is located in Alberta.