Prospera Energy Inc (TSE:PEI) has released an update.
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Prospera Energy Inc. has launched its 2024 development program, focusing on medium-oil infill directional wells, continuing with heavy oil multilateral development, and starting enhanced oil recovery (EOR) pilot projects. The company is also optimizing its existing core assets and financing the program through an $11 million non-dilutive debt arrangement. Prospera’s strategy includes leveraging joint ventures and improving environmental compliance to increase production and revenue.
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