PROSPERA
-energy inc.-
a clean, safe energy producer
operations
- Core properties including Cuthbert, Luseland and Heart Hills in Saskatchewan; and Red Earth and Pouce Coupe in Alberta.
- Half a billion barrels of oil in place.~ 8% recovered with old vertical well technology. Significant remaining reserves and additional upside recovery of 20% - 40%.
- Our focus is on compatible technical applications conducive to reservoir mechanisms allowing us to capitalize on the high margin potential of the fields at hand.
- Aspiring to provide a positive perception for the oil & gas industry by eliminating all emissions, minimizing environmental disturbances, and conducting environmentally safe operations.
corporate responsibility
- Prospera’s goal is to develop every project with a proactive and innovative Remediation & Reclamation plan to manage the impact on the environment and our neighbours.
- Safety is Prospera's top priority and one of our core values. We continue to improve through our updated environment, health, safety, and social responsibility strategy.
- Our detailed Emergency Response Plan allows us to safely and efficiently respond to emergencies affecting the public, employees and the environment.
- Prospera seeks to maintain a rigorous Asset Integrity Program to maintain the reliability of assets such as facility structures, pressure vessels, storage tanks and pipelines.
leadership
Extensive, diverse petroleum industry experience in reservoir management & operations of oil and gas assets along with a wide-ranging network of industry contacts.
Strong leadership experience in both majors and juniors. Proven track record reorganizing companies, structuring financing arrangements and positioning for growth.
Samuel David
P. Eng., BA Econ.
President & CEO
36 years of experience in development & management of oil & gas companies.
Samuel David
President & CEO
Over 32 years of experience in Operation, Development and Management of oil and gas assets and companies. Mr. David holds a B.Sc. in Mechanical Engineering and a B.A. in Economics from the University of Calgary. His background consists of both Engineering and Executive Management experience with majors Petro-Canada, AEC Oil & Gas (now EnCana / Cenovus), Husky Energy as well as founded and operated juniors Ventura Energy and First west Petroleum.
Mr. David has proven expertise in corporate planning, production, reservoir engineering, depletion strategies, EOR, property evaluations, acquisitions, and divestitures. He combines his technical skills with an extensive network of high-level industry contacts to identify prospects quickly and efficiently with merit, implement acquisition strategies, design, and execute efficient cost-effective drilling and completion programs, and quickly equip and tie-in wells to bring production online. During his career he has successfully exploited oil and gas in both sedimentary and carbonate reservoirs.
Chris Ludtke
CPA, CMA
CFO
23 years of oil and gas executive finance, economics and accounting experience
Chris Ludtke
CFO
Chris Ludtke is a high functioning finance leader with extensive expertise in finance, budgets and planning, accounting, economic evaluation, management, governance, and sound decision making. 20 years of experience within the oil and gas, clean energy & renewables industries. 12+ years working for Husky Energy before moving into an executive role in the junior oil and gas and hydrogen space. Mr. Ludtke graduated from the University of Lethbridge (Bachelor of Management) and is a Chartered Professional Accountant in the Province of Alberta.
George Magarian
P.Geo., Honors BSc.
VP Subsurface
40 years of experience in senior geologist and exploration manager positions.
George Magarian
VP Subsurface
George Magarian is a professional petroleum geologist (APEGA) with over 36 years experience in the Western Canada Sedimentary Basin. After graduating with an Honours BSc. degree in Earth Science from the University of Waterloo, George spearheaded many successful exploration programs, conducted evaluations for improved recovery schemes, and assessed/exploited unconventional oil reservoir opportunities.
Mr. Magarian has held roles of increasing responsibility from exploration geologist at oil industry major Petro-Canada and intermediates Anderson Exploration and Jordan Petroleum to geoscience manager and VP exploration at junior companies Ionic Energy, Gentry Resources, and Westfire Energy. His extensive geotechnical experience has delivered consistent value growth through production and reserve additions, focussing primarily on the clastic reservoirs of the Mesozoic foreland basin and carbonate reservoirs of the Mississippian cratonic platform.
Peter Chung
P.Eng., BA PhD.
Sr. Resevoir Engineer
20 years of oil and gas experience as research, reservoir and exploitation engineer.
Peter Chung
Sr. Resevoir Engineer
17 years of oil and gas experience as research, reservoir and exploitation engineer.
guidance
Diverse Board of Directors with extensive business and industry experience including executive management, finance, project management, engineering, geology, etc.
Over 100 years of combined experience and expertise covering all aspects of business operations and growth planning.
Shubham Garg
Producing Oil & Gas in a profitable, environmentally sustainable, and fun way is Shubham’s true passion. Having worked primarily in the field, he is using his boots-on-the-ground knowledge mixed with his detailed financial analysis and education in petroleum engineering to achieve long-term capital growth. His industry contacts and conversations with management allow him to feel confident in his in-depth valuations and offer deep insight into their operations.
Brian McConnell
Mr. McConnell has 47 years of Oilfield experience in Heavy Oil, Light Oil, and Natural Gas exploration, development, and production. Mr. McConnell has worked all of the Western Canadian Basins including ten years consulting in the Arctic Islands for PanArctic Oils. He spent another 10 years leading the team that developed the West Central Sask Heavy Oil lands for Saskoil (later Wascana Energy) and the Shallow gas assets in SE Alberta until Wascana was taken over by CanOcci (later Nexen) and later the Chinese State Owned Corporation (CNOOC). He joined Murphy oil as GM heavy oil and in partnership with BlackRock, developed the Murphy Seal acreage as well as older operated Murphy heavy oil assets from Lloydminster down to Marengo, Sask. He then spent 10 years as Vice President Exploration at Tundra Oil and Gas Ltd and helped in growing their production from 4,000bbls/d to 28,000 bbls/d light oil mainly in Manitoba.
Mr. McConnell experience ranges from roughnecking, operating wells, to mapping, resource development and adding value all across the Western basins. He is currently President of 1101391 Alberta (Shallow Gas production at Patricia, Alberta) and Highway Seven Resources (consulting across Western Canada).
Mark Lacey
Mr. Lacey an entrepreneur and investor in both the public and private markets. President of a family office based out of Central Alberta. A graduate from the Canadian Securities Institute and a Business Administration graduate from Red Deer College. Twenty years of experience trading in the public markets and managing portfolio growth.
Matthew Kenna
Matthew Kenna has over 30 years experience leading organizations and helping them expand, drive efficiencies, and grow profitability. Matthew is a professional accountant (CPA, CMA) and spent 15 years heading up the financial and operating departments at KUDU Industries where he fostered financing arrangements, client relationships and manufacturing teams to take the organization from $35M to $150M revenue.
Matthew has extensive experience turning companies around, growing them, and building efficient organizations. He has a proven track record of fiscal success, including innovative financing arrangements and efficient operations. He has deep relationships in the Calgary finance community.
Canadian corporation listed for trading on the TSX Venture Exchange (TSX.V PEI), the U.S. OTC Market (OTC:GXRFF) and Frankfurt Exchange (FRA:OF6B)