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Prospera Energy Inc. Announces Key Appointments to Operational Management and Enters a Multi-Client Agreement with the Saskatchewan Research Council
KELOWNA, BC / ACCESSWIRE / May 24, 2019 / Prospera Energy Inc. ("Prospera" or the "Corporat...
About this update from Prospera Energy Inc.
[{"type":"text","content":"Prospera Energy Inc. Announces Key Appointments to Operational Management and Enters a Multi-Client Agreement with the Saskatchewan Research CouncilKELOWNA, BC / ACCESSWIRE / May 24, 2019 / Prospera Energy Inc. (\"Prospera\" or the \"Corporation\") (PEI:TSX-V; OF6A:FRA) Prospera is pleased to announce that it has appointed Mr Ryan Bulger to the position of Corporate Production Manager, and Mr. Peter Lubey to the position of Exploitation Manager.Mr. Bulger brings 17 years of petroleum engineering experience in field based operations, production supervision, project management, capital budgeting, and resource exploration and development. He has an extensive background providing clients with petroleum engineering solutions to business development, operations, and project management challenges. Mr. Bulger's expertise has most recently yielded successful results for companies including Cona Resources, Petrocept Asset Management Corporation and Abra Energy.Mr. Lubey brings 35 years' experience with extensive exposure in various engineering functions including evaluations, exploitation, reservoir and A&D duties. He has specialized focus towards economic evaluations, budgeting, reserve work and asset evaluations in heavy oil and conventional oil/gas properties. Mr. Lubey will be responsible for the further development and expansion of the Corporation's assets at the Luseland, Hearts Hill and Cuthbert properties.Prospera would further like to announce that it has entered into a Multi-Client Agreement (\"MCA\") with the Saskatchewan Research Council (\"SRC\") to assess the potential for application of Enhanced Oil Recovery (\"EOR\") flooding methods of mature heavy oil fields in Saskatchewan. The SRC will identify the best polymers and/or surfactants for the targeted reservoirs and evaluate optimal implementation strategies. The SRC and Prospera will work closely together to identify, select and acquire existing and novel technical solutions with the highest potential for application on the target fields. Following the evaluation period, the SRC will provide the Corporation with a complete analysis of all potential improved/enhanced oil recovery options for each field. Prospera has provided the SRC full payment of $50,000 for these services.Comments from Burkhard Franz, CEO of Prospera:\"We would like to extend a warm welcome to both ...