Latest news with #ShubhamGarg
Time of India
a day ago
- Health
- Time of India
Why is cancer becoming shockingly common among Indians in their 20s and 30s? Oncologists blame this virus
A growing number of cancer doctors in India are warning that Human Papillomavirus (HPV) is quickly becoming a leading cause of cancer among young people in their twenties and thirties. Doctors say that more and more cases of cervical, oral, and throat cancers are being seen in younger patients, and many of them are linked to HPV infection. Experts are now urging the government to treat this as a preventable health crisis that needs urgent action. 'HPV Cancers Coming Earlier Than Ever' Speaking to PTI, Dr Ashish Gupta, Chief of Medical Oncology at Amerix Cancer Hospital, New Delhi, said, 'HPV-related cancers are striking far earlier than we used to see. Patients in their twenties are coming in with cervical, oral, and throat cancers, many of which could have been avoided with timely vaccination and awareness.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Direct Shopping From Adidas Franchise Store, Up To 50% Off Original Adidas Shop Now Undo He added, 'The saddest part is, this is a preventable disease, but many people still don't know the risk.' HPV is one of the most common viruses passed on through intimate skin contact. While most HPV infections go away on their own, some types can stay in the body and cause cancer, especially cervical cancer in women, and throat and mouth cancers in both men and women. Live Events Silent and Fast-Spreading Doctors say the scary part is that these cancers often have no early symptoms. 'A young woman with no pain or bleeding might already have signs of cervical cancer,' said Dr Shubham Garg, Senior Oncologist at Dharamshila Narayana Superspeciality Hospital. 'Or a young man with HPV might not know anything is wrong until a tumour appears in the throat.' Experts also say that social stigma around HPV, which is sexually transmitted, is stopping families from talking about it or taking the vaccine seriously. Vaccination Is Key, But India Lags Behind India does not yet have a national HPV vaccination programme for all teenagers. The vaccine is available in private clinics, but many people can't afford it or don't know about it. Studies around the world have shown that giving the vaccine to both boys and girls before they become sexually active can stop the virus from spreading, and can hugely reduce cancer cases later in life. Doctors are calling for urgent steps: HPV vaccination for all pre-teens across India Catch-up vaccines for older teens and young adults Free or low-cost screening at public hospitals Public awareness campaigns to remove the stigma 'Let's Not Waste This Chance' Dr Gupta said, 'We must normalise HPV screenings like we do for diabetes or blood pressure. Pap smears, HPV DNA tests, and oral exams should be available in every district.' He also stressed the need for better insurance coverage. 'No one should skip a vaccine or test because of cost. These are preventable cancers . In oncology, we rarely get such a clear chance to stop a disease before it starts.' Dr Rahul Bhargava from Fortis Hospital in Gurugram added, 'Every child we vaccinate is one less person suffering from cancer in the future. Early screening can save lives. Prevention is not just better than cure here – it's the only smart way forward.' Inputs from PTI
NDTV
29-05-2025
- Business
- NDTV
"Make in India" To "Skip India": Viral LinkedIn Post Highlights AI Startups' Growing Frustration
A growing wave of discontent among Indian AI startup founders is turning into a clear trend: skipping Indian enterprise clients altogether. The so-called 'Skip India' movement highlights a deeper issue beyond funding - behaviour and mindset. According to a LinkedIn post by finance professional Shubham Garg, multiple founders, Indian enterprises often demand unpaid proof of concepts (PoCs), leading startups to spend weeks developing tailored pilots with no guarantee of conversion. In addition, companies report repeated delays, indecisive communication, and a lack of financial commitment, even when there's strong initial interest. This shift is concerning, especially for a country aiming to be a global leader in AI. The reluctance to pay for early-stage innovation is forcing startups to look abroad, where their solutions are more likely to be valued and purchased. "We love to celebrate startups after they make it, but when they're building, we hesitate to support them. We ask for discounts, want free access, and treat innovation like a trial version, not a value driver," Shubham wrote in his LinkedIn post. "If we want India to lead in AI, this has to change." The movement has sparked a broader conversation about how India supports its startups. While the nation celebrates unicorns and success stories, it often fails to nurture them in their early stages. Requests for discounts, free access, and multiple trials without payment are not just slowing innovation - they're driving it away. "If we keep expecting startups to work for free like they're handing out samples, they'll eventually take their skills somewhere else. Real support means paying them fairly for their hard work. At the same time, startups should also show their value clearly so customers know what they're paying for," commented a user. "It's disheartening to see the disconnect between innovation and valuation in our ecosystem. Supporting startups goes beyond just acknowledgement; it requires genuine financial commitment. If we truly want to foster growth and innovation in India, we must change our mindset and recognise the value they bring to the table," wrote another user.
Yahoo
01-05-2025
- Business
- Yahoo
Prospera Energy Announces 2024 Financial Results
CALGARY, Alberta, April 30, 2025 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) ('Prospera', 'PEI' or the 'Corporation') In Q4 2024, Prospera Energy underwent a strategic transformation under new leadership, shifting its focus toward reactivating existing wells within its core Saskatchewan heavy oil assets. This realignment is designed to improve production reliability and predictability, ultimately strengthening cash flow and overall financial stability. As part of this strategic shift, interim CEO Shubham Garg was appointed Chairman of the Board, and Darren Jackson assumed the role of Chief Operating Officer. As these changes take effect, PEI expects to benefit from increased access to financing, more efficient capital deployment, and enhanced financial performance in 2025. Prospera will host a live webinar conference call on May 1, 2025, at 11:00 a.m. MST to discuss 2024 results and the Company's ongoing strategy: Click here to register. PEI has submitted its year-end financial information for 2024, which will be showcased on April 29th, 2025, within the Company's issuer profile on SEDAR+ at Operational highlights for 2024 are as follows: Realized $18.1 million in sales revenue in 2024, compared to $13.1 million in 2023. Realized average gross sales of 652 boe/d in 2024, an increase of 29% from 2023 levels of 505 boe/d. Realized average sales prices of $75.95/boe in 2024, compared to $71.48/boe in 2023. Realized a positive operating netback of $6,013,280 in 2024, compared to $3,356,773 in 2023. Realized positive funds flow provided by operations of $2,623,166 in 2024, compared to $190,823 in 2023. Completed two working interest acquisitions in core Saskatchewan assets, resulting in a 17% increase in the average working interest in the region. As of December 31, 2024, PEI's average working interest across all properties is 97% on a production weighted basis. PEI's 2024 third party reserves report highlights include the following: NPV before tax for PDP reserves increased 3% from $27.1MM to $28.0MM at a 10% discount rate. NPV before tax for PDNP reserves doubled from $8.5MM to $18.9MM at a 10% discount rate. NPV before tax for 1P reserves increased 24% from $89.9MM to $111.4MM at a 10% discount rate. NPV before tax for 2P reserves increased 20% from $133.3MM to $159.3MM at a 10% discount rate. Gross 2P reserves increased by 26% from 5,403 to 6,793 Mboe (98% liquids). In 2024 PEI raised $16.5m in financing: $12.2 million through the issuance of senior debt. $3.4 million through the issuance of a GORR. $0.9 million through the issuance of promissory notes with warrants. Increased Property and Equipment balance to $47.8 million from $39.3 million on December 31, 2023. Operating netback 2024 2023 Total petroleum and natural gas sales 18,126,190 13,183,464 Royalties (1,483,792) (1,365,520) Operating costs (10,629,118) (8,461,171) Operating netback 6,013,280 3,356,773Operating netback ($/BOE) 2024 2023 Sales 75.95 71.48 Royalties (6.22) (7.40) Operating costs (44.54) (45.88) Operating netback 25.19 18.20Assets ($) 2024 2023 Current assets Cash 364,083 118,933 Trade and other receivables 1,874,548 3,244,596 Prepaid expenses and deposits 393,207 548,443 Inventory 564,802 521,426 Total current assets 3,196,640 4,433,398 Non-current assets Trade and other receivables 1,676,252 4,387,826 Deposits 1,283,422 1,015,400 Property and equipment 47,776,659 39,331,690 Total assets 53,932,973 49,168,314 About Prospera Prospera Energy Inc. is a publicly traded Canadian energy company specializing in the exploration, development, and production of crude oil and natural gas. Headquartered in Calgary, Alberta, Prospera is dedicated to optimizing recovery from legacy fields using environmentally safe and efficient reservoir development methods and production practices. The company's core properties are strategically located in Saskatchewan and Alberta, including Cuthbert, Luseland, Hearts Hill, and Brooks. Prospera Energy Inc. is listed on the TSX Venture Exchange under the symbol PEI and the U.S. OTC Market under GXRFF. Prospera reports gross production at the first point of sale, excluding gas used in operations and volumes from partners in arrears, even if cash proceeds are received. Gross production represents Prospera's working interest before royalties, while net production reflects its working interest after royalty deductions. These definitions align with ASC 51-324 to ensure consistency and transparency in reporting. It is important to note that BOEs (barrels of oil equivalent) may be misleading, particularly if used in isolation. The BOE conversion ratio of 6 Mcf:1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. For Further Information: Shawn Mehler, PR Email: investors@ Chris Ludtke, CFOEmail: cludtke@ Shubham Garg, Interim CEO, Chairman of the BoardEmail: sgarg@ FORWARD-LOOKING STATEMENTSThis news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as 'will,' 'may,' 'should,' 'anticipate,' 'expects' and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Although Prospera believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prospera can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Prospera. As a result, Prospera cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward- looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and Prospera does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law. Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Yahoo
07-03-2025
- Business
- Yahoo
Prospera Energy Announces Acquisition of White Tundra Petroleum, Operations Update, and Convertible Debt Repayment Terms
CALGARY, Alberta, March 06, 2025 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) ("Prospera", 'PEI' or the "Corporation") White Tundra Acquisition Prospera Energy is pleased to announce a strategic acquisition aimed at expanding its asset portfolio of low-decline base production with significant production upside. The Corporation has entered into an agreement to acquire 100% of the issued and outstanding common shares of White Tundra Petroleum ('WTP'). WTP's assets produce 30° API medium oil and are located near Loyalist and Hanna, Alberta. The acquisition strengthens PEI's base production and provides numerous high-impact reactivation opportunities. This transaction is subject to TSXV acceptance. As part of the transaction, 18,000,000 common shares of PEI will be issued to WTP shareholders, contingent upon WTP achieving 85 barrels of oil equivalent per day (boe/d) for three consecutive days across its properties. This condition was achieved based on production levels from February 27th to March 1st. A performance-based bonus of 7,312,500 additional shares will be issued if production of 128 boe/d can be demonstrated for at least seven consecutive days within six months from the acquisition date. The Corporation is also assuming $695,000 in debt as part of the transaction. Prospera will assume operational oversight of WTP on March 6th, 2025, and immediately deploy a $200,000 workover and reactivation program to optimize production beyond 128 boe/d. The bonus share consideration will be issued following the final statement of adjustments and verification of sustained production levels. This transaction qualifies as a related party transaction. Shubham Garg serves as Prospera's Chairman of the Board, the CEO of WTP, and is a shareholder of WTP. The Corporation has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(a) of MI 61-101 in respect of such insider participation. In addition, the related party director has recused himself from all board discussions including the acquisition's deal structure, valuation, and decisions in relation to this transaction. The Corporation has strengthened its corporate governance policies, including full public disclosure of monthly operational updates. These policies are now transparently available on Prospera's website which include the PEI board mandate, PEI audit committee charter, PEI disclosure policy, ESTMA reports, and PEI related parties policies. This highlights Prospera's renewed commitment to enhanced transparency, public disclosure, and governance. Operations Update: Following the February operations update, PEI production continues to increase, exiting February at 878 boe/d (94% oil) which is up 10% from the previously reported February PEI peak production. On March 3rd, Luseland production reached 130 boe/d (100% oil), the highest since December 2023, while Hearts Hill achieved 208 boe/d (86% oil), marking the field's highest production since November 2019. These milestones reflect the Corporation's renewed strategic focus on high certainty, low-cost workovers rather than development drilling programs. The Corporation's two active service rigs are continuing to bring wells online across its Luseland and Hearts Hill properties. Convertible DebtProspera is pleased to announce that it has reached a settlement agreement with its convertible debt holders to address the upcoming maturity of its $1,500,000 convertible debt, along with accrued interest of $559,374.82 as of the note maturity date on March 26th, 2025. Under the terms of the agreement: The $1,500,000 principal will be refinanced through the issuance of a 12-month promissory note bearing 12% interest, with monthly principal repayments of $250,000 commencing six months after issuance. Interest will be paid as a balloon payment at the end of the term. $200,000 of outstanding interest will be settled through a 12-month convertible note at 12% interest, convertible into PEI common shares at $0.05 per share. Prospera retains the right to pay this note in cash by providing thirty days notice, during which the holder retains the right to convert. The remaining $359,374.82 in accrued interest will be settled through a shares-for-debt agreement at $0.04 per share, subject to TSXV acceptance. The convertible debt settlement reduces Prospera's total fully diluted share count by 30,000,000 common shares, resulting in a net reduction of (17,015,630) shares to Prospera's fully diluted scenario after accounting for the shares for debt and convertible debt transactions. PEI's capitalization table is available in its corporate deck at About Prospera Prospera Energy Inc. is a publicly traded Canadian energy company specializing in the exploration, development, and production of crude oil and natural gas. Headquartered in Calgary, Alberta, Prospera is dedicated to optimizing recovery from legacy fields using environmentally safe and efficient reservoir development methods and production practices. The company's core properties are strategically located in Saskatchewan and Alberta, including Cuthbert, Luseland, Hearts Hill, and Brooks. Prospera Energy Inc. is listed on the TSX Venture Exchange under the symbol PEI and the U.S. OTC Market under GXRFF. Prospera reports gross production at the first point of sale, excluding gas used in operations and volumes from partners in arrears, even if cash proceeds are received. Gross production represents Prospera's working interest before royalties, while net production reflects its working interest after royalty deductions. These definitions align with ASC 51-324 to ensure consistency and transparency in reporting. For Further Information: Shawn Mehler, PR Email: investors@ Chris Ludtke, CFOEmail: cludtke@ Shubham Garg, Chairman of the BoardEmail: sgarg@ FORWARD-LOOKING STATEMENTSThis news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as 'will,' 'may,' 'should,' 'anticipate,' 'expects' and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Although Prospera believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prospera can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Prospera. As a result, Prospera cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward- looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and Prospera does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law. Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
