Leadership Transition at Prospera Energy Enhances Strategic Direction

Author: Evelyn Baker Updated: 02-18-2025 07:15 PM

Leadership Transition at Prospera Energy Inc.

Prospera Energy Inc. (TSXV: PEI, OTC: GXRFF) recently marked an important shift in its leadership. The organization has reported that Samuel David, its Chief Executive Officer, has officially left the company. His resignation as a member of the Board of Directors occurred prior to this announcement.

New Leadership Structure

The leadership team now includes Brian McConnell, Mark Lacey, Matthew Kenna, and Shubham Garg, who serves as the Executive Chairman. Together, they will steer the company’s strategic initiatives, ensuring a focused approach to achieving its business objectives. Additionally, Chris Ludtke, the Chief Financial Officer, and Darren Jackson, the Chief Operating Officer, will play crucial roles in executing the company's operational strategies.

Focus on Oil Production and Optimization

As the company adapts its focus, significant emphasis will be placed on optimizing production from its Saskatchewan oil pools. The commitment to development in these areas is critical. Prospera Energy has engaged service rigs that are currently tending to several well workovers in subzero temperatures, demonstrating the company's resilience and commitment. Currently, the team is working through a 14 well program in Luseland after the completion of six well workovers in Hearts Hill.

About Prospera Energy Inc.

Prospera Energy Inc. is a publicly traded entity in the Canadian energy sector, focusing on the exploration and production of crude oil and natural gas. The company, based in Calgary, Alberta, is committed to using environmentally sustainable methods to enhance recovery from legacy energy fields. Its key properties are located across Saskatchewan and Alberta, showcasing a diverse portfolio that includes Cuthbert, Luseland, Hearts Hill, and Brooks. Prospera is listed on the TSX Venture Exchange under the symbol PEI and is accessible on the OTC Market under the symbol GXRFF.

Contact Information

If you need further details or have inquiries regarding Prospera Energy, please reach out to Shawn Mehler, PR, at investors@prosperaenergy.com

For financial queries, connect with Chris Ludtke, CFO, at cludtke@prosperaenergy.com

For board-related information, Shubham Garg, Chairman of the Board, can be contacted at sgarg@prosperaenergy.com.

Frequently Asked Questions

What leadership changes have occurred at Prospera Energy Inc.?

Samuel David has stepped down as CEO and from the Board of Directors, leading to a restructuring of the leadership team.

Who is currently leading Prospera Energy Inc.?

The Board now consists of Brian McConnell, Mark Lacey, Matthew Kenna, and Shubham Garg as the Executive Chairman, supported by CFO Chris Ludtke and COO Darren Jackson.

What is the company's focus moving forward?

Prospera Energy is prioritizing the optimization and production of heavy oil from its Saskatchewan pools.

Where is Prospera Energy based?

The company is headquartered in Calgary, Alberta, Canada.

How can I contact Prospera Energy for more information?

For inquiries, you can reach Shawn Mehler at investors@prosperaenergy.com, Chris Ludtke at cludtke@prosperaenergy.com, and Shubham Garg at sgarg@prosperaenergy.com.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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