Prospera Energy Stock Price, News & Analysis

Prospera Energy (TSX.V: PEI, OTC: GXRFF) reports strong operational performance in its April 2025 update. Production averaged 863 boe/d (93% oil) from April 1-20, with a peak of 957 boe/d on April 14th, marking the fifth consecutive increase in production.

The company's Hearts Hill pool reached 261 boe/d with improving oil cuts, while the Luseland pool shows promising results from nine reactivated wells. Notable performers include the 1-17 well producing 18 bbls/d and 3-9 well at 12 bbls/d.

Infrastructure upgrades at the Cuthbert property include pipeline improvements, water injection pump maintenance, and enhanced safety measures. The company maintains an inventory of 150+ workover and reactivation wells across its heavy oil properties. Favorable Western Canadian Select (WCS) differentials, trading under $10/bbl below WTI, are contributing to improved revenue and cash flow.

Prospera Energy (TSX.V: PEI, OTC: GXRFF) announces key leadership changes with Shubham Garg, current Chairman, taking on the additional role of Interim CEO. Christopher Moore joins the Board of Directors, bringing industry expertise and market insight. The five-member Board now owns 13% of outstanding common equity, while insiders control 36%.

The company amended its promissory note, increasing it by $1,000,000 to reach a total of $15.5 million, maintaining its 12% interest rate and two-year maturity, pending TSXV acceptance.

In response to volatile oil prices and potential tariffs, Prospera is adapting by considering pausing growth capital and optimizing vendor payment strategies. The company's Luseland property reactivation program has achieved significant success, with production reaching 190 barrels per day, representing a 186% increase since October 31st, 2024.

Prospera Energy (TSX.V: PEI, OTC: GXRFF) reports March production averaging 773 boe/d (93% oil), with peak production of 881 boe/d on March 27th. A temporary pipeline suspension in Cuthbert impacted production by ~105 barrels/day. The company completed significant workover programs:

• Hearts Hill: 16 wells completed with capital efficiency under $5,000 per boe/d
• Luseland: 9 out of 11 wells now online, showing strong oil production
• Brooks: Implemented production optimization strategies including casing gas compression

WCS differentials are trading at record-low levels below $10 USD/bbl for certain summer months. The company has fully addressed AER non-compliances (reduced from 16 to zero) and decreased MER non-compliances by 37% in Q1. Prospera has established new governance and disclosure committees to enhance corporate oversight.

Prospera Energy Inc. (GXRFF) has announced several key developments in Q1 2025. The company completed 32 workovers and reactivations across multiple properties before spring break-up on March 20th, including 16 in Hearts Hill, 11 in Luseland, and 5 in Cuthbert.

The company has successfully acquired a 10% working interest in Hearts Hill, Luseland, and Cuthbert properties for $1.79 million. The purchase terms include $400,000 in cash payments over 16 months, $200,000 in equity (3.07M shares at $0.065), and debt forgiveness of $1.19 million.

Additionally, Prospera has extended the expiry date of 15.33M warrants to February 2026, with 13.36M warrants repriced to $0.06. The company has also granted 2M stock options at $0.05 to management and settled $72,765 in interest debt through the issuance of 1.45M common shares.

Prospera Energy (GXRFF) has announced the acquisition of White Tundra Petroleum (WTP), expanding its portfolio with medium oil assets near Loyalist and Hanna, Alberta. The deal involves issuing 18M common shares to WTP shareholders, contingent on achieving 85 boe/d production for three consecutive days - a condition already met. An additional 7.3M shares bonus is offered if production reaches 128 boe/d within six months.

The company will assume $695,000 in debt and deploy a $200,000 workover program. Current production has reached 878 boe/d (94% oil), with Luseland at 130 boe/d and Hearts Hill at 208 boe/d.

Additionally, Prospera has restructured its $1.5M convertible debt plus $559,374.82 accrued interest through: a 12-month promissory note at 12% interest with $250,000 monthly payments starting after 6 months; a $200,000 convertible note at 12% interest ($0.05/share); and remaining interest settled through shares at $0.04/share, reducing diluted share count by 30M shares.

Prospera Energy (GXRFF) reports operational updates and loan amendment details for February 2025. Production averaged 680 boe/d (92% oil), peaking at 798 boe/d despite extreme winter conditions. The company has completed 7 of 11 wells in Hearts Hill and 3 of 10 wells in Luseland workover programs, achieving capital efficiency under $5,000 per boe/d.

The company is reviewing enhanced oil recovery techniques and has negotiated payment plans with top 50 vendors to reduce liabilities. In Brooks, production optimization continues through fluid level drawdown and casing gas compression. Of nine horizontal wells drilled in 2023 in the Cuthbert pool, only three are meeting expectations, with workover plans for four underperforming wells.

Additionally, Prospera announces an amendment to its promissory note, increasing it by $1.55 million to a total of $14.5 million, maintaining 12% interest rate and two-year maturity, subject to TSXV acceptance.

Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) has announced its 2024 year-end reserves, showing significant growth in both Proven Developed Producing (PDP) and Total Proved plus Probable (2P) reserves. The independent evaluation was conducted by InSite Petroleum Consultants

Key financial highlights include:

• PDP reserves NPV before tax increased 3% to $28.0MM
• PDNP reserves NPV before tax doubled to $18.9MM
• 1P reserves NPV before tax rose 24% to $111.4MM
• 2P reserves NPV before tax grew 20% to $159.3MM
• Gross 2P reserves increased 26% to 6,793 Mboe (98% liquids)

The company's strategy focuses on converting proven developed non-producing and proven undeveloped wells to PDP through workovers and reactivations, targeting production above 1,000 barrels per day with capital intensity under $8,000 per flowing barrel.

Prospera Energy Inc. (TSXV: PEI, OTC: GXRFF) announced immediate leadership changes with CEO Samuel David's departure from the company and his resignation from the Board of Directors, effective November 18, 2024. The company will be led by the Board, consisting of Brian McConnell, Mark Lacey, Matthew Kenna, and Executive Chairman Shubham Garg, supported by CFO Chris Ludtke and COO Darren Jackson.

The company maintains its focus on optimizing and bringing online predictable, low-decline heavy oil barrels from Saskatchewan pools. Despite February's record cold weather, operations continue with 6 well workovers completed in Hearts Hill, and a service rig currently working on a 14 well program in Luseland.

Prospera Energy Inc. (PEI: TSX-V; OF6A: FRA) has announced significant financial improvements and operational progress. The company has fully repaid its $3,430,000 high-interest 16% Gross Overriding Royalty (GORR) financing, taking advantage of an early payment discount and satisfying senior debt requirements. Additionally, Prospera has reduced its accounts payable from ~$20.5M to ~$16.0M since December 31, 2023.

On the operational front, Prospera has completed a 4-well drilling program in Alberta's medium-light oil fairway. The first medium-oil horizontal well showed promising results, with an excellent eight hundred meters of porous reservoir and a DST test indicating strong inflow of over 50 m³/d of fluid at 50% oil cuts. The company has also discovered three new oil pools to date. Prospera is now focusing on bringing these wells into production and optimizing its operations.