QualityStocksNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Reports on Q3 2023 Performance, Debt Financing

 Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in western Canada, is reporting on its third-quarter production and financial results. According to the announcement, the company is steadily recovering production rates that had been impacted by adverse weather in earlier quarters, with PEI reaching gross peak rates of 770+ boe/d, with another 350 boe/d behind the pipe to be optimized. In addition, the report noted that phase 2 development drilling had begun during the quarter, which necessitated the temporary shut-in of the adjacent production of approximately 120 boe/d for smoother drilling operations; the report stated that the second phase of restructuring development includes the transformation from vertical wells to horizontal wells to access the significant remaining reserves in Prospera’s Saskatchewan heavy oil fields.

Financial numbers of note included positive operating income of $1,101,827 in Q3 2023 compared to $783,084 in the same quarter of 2022, and net income of $71,011 in Q3 2023 compared to a ($779,438) net loss in Q2 2023. The company saw average sales prices of $82.15/boe during the quarter, compared to $85.09/boe in Q3 2022, with operating expenses coming in at $41.45/boe for Q3 2023 compared to $36.24/boe in Q3 2022. The company is involved in restructuring efforts that continue to improve its balance sheet. Additionally, Prospera Energy announced the first closing of private placement financing of debt with an equity bonus, resulting in C$580,000, which the company anticipates using for development capital (covering default partner portion) – drilling, completion and tie-in, well abandonment and reclamation costs, and ongoing ESG initiatives.

To view the full press release, visit https://ibn.fm/u6gmk

About Prospera Energy Inc.

Prospera Energy is a publicly traded energy company based in western Canada, specializing in the exploration, development and production of crude oil and natural gas. Prospera Energy has announced a mid-August spud of PEI’s phase 2 restructured development program intended to increase production. This phase includes the transformation from vertical wells to horizontal wells to access the significant remaining reserves (400 million bbls) in Prospera’s Saskatchewan heavy oil fields. This transformation will also reduce PEI environmental and surface footprint by eliminating the numerous vertical well leases along the lateral path. PEI is committed to ESG initiatives aimed at minimizing its environmental footprint, reducing and ultimately eliminating emissions, and exploring innovative methods to enhance API quality. This approach not only improves margins but also eliminates the need for diluents. For more information, visit the company’s website at www.ProsperaEnergy.com.

NOTE TO INVESTORS: The latest news and updates relating to GXRFF are available in the company’s newsroom at https://ibn.fm/GXRFF

About QualityStocks

QualityStocks (“QS”) is a specialized communications platform with a focus on private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, QS is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, QS brings its clients unparalleled recognition and brand awareness. QS is where breaking news, insightful content and actionable information converge.

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QualityStocksNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Reports on Progress at Bolivian Iska Iska Project

 Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine-development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, has completed a metallurgical drill program at its Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. The company is now conducting a definition drill program designed to fill-in major gaps in the block model as well as expand the higher-grade zone both along and across strike. According to the announcement, work will also be completed on improving tin recovery for future use, which is a major, very underexplored, exploration target at Iska Iska. “This new drilling program will be an important part of our PEA, which commenced with a site visit by the preliminary economic assessment (‘PEA’) team in late September,” said Eloro Resources CEO Tom Larsen in the press release. “The cascade ‘ore-sorting’ tests at TOMRA will be a more thorough investigation of the applicability of the Santa Barbara mineralization for ‘XRT ore sorting’ and provide additional preconcentrated products for further metallurgical tests to optimize recoveries. Definition drilling is in progress to expand the shallow higher-grade mineral resource which has the potential to provide an early payback in the PEA.”

To view the full press release, visit https://ibn.fm/sr0bf

About Eloro Resources Ltd.

Eloro is an exploration and mine-development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 100% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department in southern Bolivia. A recent NI 43-101 technical report on Iska Iska, which was completed by Micon International Limited, is available on Eloro’s website and under its filings on SEDAR. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the north-central mineral belt of Peru, some 50 kilometers south of the Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine.

NOTE TO INVESTORS: The latest news and updates relating to ELRRF are available in the company’s newsroom at https://ibn.fm/ELRRF

About QualityStocks

QualityStocks (“QS”) is a specialized communications platform with a focus on private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, QS is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, QS brings its clients unparalleled recognition and brand awareness. QS is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.QualityStocks.com

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Insights and Opportunities Unfold as the 2023 New Orleans Investment Conference Kicks Off

 Serious investors — and anyone concerned with protecting and building wealth in volatile times — invited to attend the New Orleans Investment Conference to be held in New Orleans, November 1-4, 2023.

With a rich legacy spanning almost 50 years, the New Orleans Investment Conference has been acclaimed as “The Greatest Investment Show on Earth” by Money Magazine. Held in the heart of New Orleans, the 2023 Conference is set to present a dream team of world-class experts on geopolitics, macroeconomics and every asset class to hundreds of savvy investors.

The 2023 Conference will feature enlightening presentations from leading experts such as Konstantin Kisin, Matt Taibbi, Jim Rickards, Danielle DiMartino Booth, Lyn Alden, George Gammon, Rick Rule, Dominic Frisby, Brent Johnson, Dave Collum, Peter Boockvar, James Stack, Peter Schiff, Jim Iuorio, Tavi Costa, Adrian Day, Adam Taggart, The Real Estate Guys, Gwen Preston, Brent Cook, Brien Lundin, and many more. Early bird registration is still open, offering significant savings for those who secure their spots early.

To learn more, please visit https://nnw.fm/nXm6X

About QualityStocks

QualityStocks (“QS”) is a specialized communications platform with a focus on private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, QS is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, QS brings its clients unparalleled recognition and brand awareness. QS is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-published: https://www.QualityStocks.com/Disclaimer

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SuperCom Ltd. (NASDAQ: SPCB) Eyes the Growing World Market for Domestic Violence Offender Monitoring Solutions

 

• The UK’s criminal justice department recently announced that domestic abusers leaving prison will be wearing electronic monitoring tags for better victim protection
• Up to 500 offenders will be forced to wear GPS and curfew tags to monitor their movements, with those who breach the stipulated license conditions being returned to prison
• This move by the UK validates digital monitoring solutions such as SuperCom’s Electronic Monitoring (“EM”) products
• It also shows the technology’s viability in solving emerging issues while also validating SuperCom’s research and development efforts as targeting an active and growing world market

SuperCom (NASDAQ: SPCB), a global provider of traditional and digital identity solutions offering advanced safety, identification, and security products and solutions to governments, is constantly pushing the envelope with innovation and exploring new markets for its products. This ambition has been driven by its mission and commitment to “creating safer communities”. More nations globally are beginning to realize the need for more advanced technologies to manage offender populations, representing a significant growth opportunity for SuperCom.

In September 2023, the UK’s criminal justice department announced that domestic abusers leaving prison would wear electronic monitoring tags to offer better victim protection. The plan, which will first launch in East and West Midlands, will see up to 500 offenders forced to wear GPS or curfew tags to monitor their movements upon leaving prison. Offenders who breach the stipulated license conditions will face being returned to prison.

“Survivors of domestic abuse show great strength and bravery in coming forward, and it is right that every tool is used to protect them from further harm,” noted the lord chancellor and justice secretary, Alex Chalk.

“The tagging of prison leavers at risk of committing further domestic abuse is a further protection we are introducing to help victims rebuild their lives and feel safe in their communities,” he added (https://ibn.fm/JjWky).

In the case of SuperCom, the company recently announced it has secured a new national program with the government of Finland. The Finnish government announced that domestic violence offenders will wear Domestic Violence Monitoring Solutions as a way to safeguard victims, proactively prevent domestic violence, and empower Finnish authorities with advanced tech that promises to enhance the safety and well-being of the country’s citizenry (https://ibn.fm/8K6hA). It adds to the country’s use of electronic ankle bracelets, introduced in 2011, and electronic monitoring for offenders found repeatedly guilty of drunk driving.

UK’s move to adopt advanced monitoring solutions validates these technologies, specifically SuperCom’s family of Electronic Monitoring (“EM”) products. It showcases the potential application of this technology and its viability in solving emerging security issues within countries. More importantly, it is encouraging the efforts of companies such as SuperCom to continue developing technological solutions that steer society towards being safer and protecting domestic abuse victims from their abusers.

The UK is already witnessing positive results from a prison scheme launched last summer that prevented unwanted prisoner contact with the victims by blocking the victims’ numbers’ from prison phones and preventing the former from sending threatening letters to the victims’ addresses. The government pointed out that over 2,700 victims had been protected from further harassment, which has helped further accentuate the potential of GPS and curfew tags on domestic abusers leaving prison.

With the initial launch in the East and West Midlands, the UK plans to roll out the monitoring tags across England and Wales in 2024. The government is optimistic that the positive results will allow victims to rebuild their lives and feel safe in their communities.

For more information, visit the company’s website at www.SuperCom.com.

NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at http://ibn.fm/SPCB

About QualityStocks

QualityStocks (“QS”) is a specialized communications platform with a focus on private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, QS is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, QS brings its clients unparalleled recognition and brand awareness. QS is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-published: https://www.QualityStocks.com/Disclaimer

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