Do We Have a Moratorium on Oil Sands Development ?

Global News Radio – the Danielle Smith Show. Guests Brad Gardiner, President, and CEO of Prosper Petroleum and Scott Holmes of Petrolama, foreign investor in the Rigel project. Listen now.   Listen To the Live...

Learn More

Acceleware Ltd. Announces Commercial-Scale Test of Innovative RF XL Technology with Prosper Petroleum

Calgary, AB, Canada – July 17, 2018 – Acceleware Ltd. (TSX-V:AXE) (“Acceleware” or “the Company”) announced today that it has entered into a commercial test agreement (the “Agreement”) with Prosper Petroleum Ltd. (“Prosper”) to perform a commercial-scale test (the “Test”) of Acceleware’s RF XL radio frequency heating technology. The Test will commence immediately at...

Learn More

AER Approves Prosper Petroleum’s Rigel SAGD Project

Prosper Petroleum Ltd. is pleased to have received the Decision Report (2018 ABAER 005) from the Alberta Energy Regulator (AER) concerning the Rigel Project. Prosper is a private upstream oil and gas company headquartered in Calgary Alberta.  The company has land holdings in Alberta and Saskatchewan and is mainly focused on heavy oil and oil sands.  The company owns...

Learn More

Prosper Rigel Correction

The evidentiary portion of the Alberta Energy Regulatorhearing on applications for Prosper Petroleum Ltd.’s proposed Rigel SAGD oilsands project northwest of Fort McMurray is scheduled to continue until Jan. 19, 2018. The hearing will reconvene for final arguments at a later date and the hearing panel will release its decision on the project applications within 90 days...

Learn More

AER Hearing Underway On Rigel Oilsands Project

The Alberta Energy Regulator is expected to release a decision within six months on privately-held Prosper Petroleum Ltd.’s Rigel oilsands project following a public hearing, which was expected to conclude today, says the company. First production on Prosper’s flagship project is anticipated in 2020 from the 10,000 bbl/d bitumen SAGD project, 100 kilometres northwest of...

Learn More

Rescheduled Public Hearing On Prosper Petroleum SAGD Project Set For Jan. 9

JAN. 5, 2018 – VIEW ISSUE The Alberta Energy Regulator (AER) will hold a public hearing Jan. 9, 2018, on applications from Prosper Petroleum Ltd. associated with the construction and operation of a steam-assisted gravity drainage oilsands project about 64 kilometres northwest of Fort McKay. The hearing, to begin at 9 a.m. at Shell Place on MacDonald Island, had been...

Learn More