Prospera Energy Announces Monthly Operations Update
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) riporta una solida performance operativa nell'aggiornamento di aprile 2025. La produzione media è stata di 863 boe/giorno (93% petrolio) dal 1 al 20 aprile, con un picco di 957 boe/giorno il 14 aprile, segnando il quinto aumento consecutivo della produzione.
Il giacimento Hearts Hill ha raggiunto 261 boe/giorno con una percentuale di petrolio in miglioramento, mentre il giacimento Luseland mostra risultati promettenti da nove pozzi riattivati. Tra i pozzi più performanti si segnalano il 1-17 con una produzione di 18 barili/giorno e il 3-9 con 12 barili/giorno.
Gli aggiornamenti infrastrutturali nella proprietà Cuthbert includono miglioramenti alle condotte, manutenzione delle pompe per l'iniezione d'acqua e misure di sicurezza potenziate. L'azienda mantiene un inventario di oltre 150 pozzi per lavori di manutenzione e riattivazione nelle sue proprietà di petrolio pesante. Differenziali favorevoli del Western Canadian Select (WCS), con quotazioni inferiori a 10 $/barile rispetto al WTI, contribuiscono a migliorare ricavi e flussi di cassa.
Prospera Energy (TSX.V: PEI, OTC: GXRFF) informa un sólido desempeño operativo en su actualización de abril de 2025. La producción promedio fue de 863 boe/día (93% petróleo) del 1 al 20 de abril, con un pico de 957 boe/día el 14 de abril, marcando el quinto aumento consecutivo en la producción.
El yacimiento Hearts Hill alcanzó 261 boe/día con un mejoramiento en el porcentaje de petróleo, mientras que el yacimiento Luseland muestra resultados prometedores de nueve pozos reactivados. Destacan los pozos 1-17 con una producción de 18 barriles/día y 3-9 con 12 barriles/día.
Las mejoras en la infraestructura en la propiedad Cuthbert incluyen mejoras en los oleoductos, mantenimiento de las bombas de inyección de agua y medidas de seguridad reforzadas. La empresa mantiene un inventario de más de 150 pozos para trabajos de mantenimiento y reactivación en sus propiedades de petróleo pesado. Los diferenciales favorables del Western Canadian Select (WCS), cotizando por debajo de $10/barril respecto al WTI, contribuyen a mejorar los ingresos y el flujo de caja.
Prospera Energy (TSX.V: PEI, OTC: GXRFF)는 2025년 4월 업데이트에서 강력한 운영 실적을 보고했습니다. 4월 1일부터 20일까지 생산량은 평균 863 boe/일(93% 원유)였으며, 4월 14일에는 957 boe/일로 최고치를 기록하며 다섯 번째 연속 생산 증가를 나타냈습니다.
Hearts Hill 유전은 원유 비율이 개선되며 261 boe/일에 도달했고, Luseland 유전은 재가동된 9개의 유정에서 유망한 결과를 보이고 있습니다. 특히 1-17 유정은 하루 18배럴, 3-9 유정은 하루 12배럴을 생산하고 있습니다.
Cuthbert 부지의 인프라 업그레이드에는 파이프라인 개선, 물 주입 펌프 유지보수, 강화된 안전 조치가 포함됩니다. 회사는 중유 자산 전반에 걸쳐 150개 이상의 작업 및 재가동 유정을 보유하고 있습니다. Western Canadian Select(WCS)의 유리한 스프레드가 WTI 대비 배럴당 10달러 미만으로 거래되면서 수익 및 현금 흐름 개선에 기여하고 있습니다.
Prospera Energy (TSX.V : PEI, OTC : GXRFF) annonce de solides performances opérationnelles dans sa mise à jour d’avril 2025. La production a atteint en moyenne 863 boe/jour (93 % pétrole) du 1er au 20 avril, avec un pic à 957 boe/jour le 14 avril, marquant la cinquième augmentation consécutive de la production.
Le gisement Hearts Hill a atteint 261 boe/jour avec une amélioration de la teneur en pétrole, tandis que le gisement Luseland présente des résultats prometteurs grâce à neuf puits réactivés. Parmi les puits remarquables figurent le 1-17 produisant 18 barils/jour et le 3-9 avec 12 barils/jour.
Les améliorations d’infrastructure sur la propriété Cuthbert comprennent des améliorations des pipelines, la maintenance des pompes d’injection d’eau et des mesures de sécurité renforcées. La société dispose d’un inventaire de plus de 150 puits de remise en état et de réactivation sur ses propriétés de pétrole lourd. Des différentiels favorables du Western Canadian Select (WCS), se négociant à moins de 10 $/baril sous le WTI, contribuent à améliorer les revenus et les flux de trésorerie.
Prospera Energy (TSX.V: PEI, OTC: GXRFF) berichtet in seinem Update für April 2025 von einer starken operativen Leistung. Die Produktion lag im Durchschnitt bei 863 boe/Tag (93 % Öl) vom 1. bis 20. April, mit einem Höchststand von 957 boe/Tag am 14. April, was den fünften aufeinanderfolgenden Produktionsanstieg markiert.
Das Hearts Hill-Reservoir erreichte 261 boe/Tag mit einer verbesserten Ölquote, während das Luseland-Reservoir vielversprechende Ergebnisse aus neun reaktivierten Bohrlöchern zeigt. Hervorzuheben sind die Bohrlöcher 1-17 mit 18 Barrel/Tag und 3-9 mit 12 Barrel/Tag.
Infrastruktur-Upgrades auf dem Cuthbert-Gelände umfassen Verbesserungen der Pipeline, Wartung der Wasserinjektionspumpen und verbesserte Sicherheitsmaßnahmen. Das Unternehmen verfügt über einen Bestand von mehr als 150 Bohrlöchern für Workover- und Reaktivierungsarbeiten auf seinen Schweröl-Liegenschaften. Günstige Western Canadian Select (WCS)-Differenziale, die unter 10 $/Barrel unter dem WTI gehandelt werden, tragen zu verbesserten Einnahmen und Cashflow bei.
- Five consecutive months of production increases
- Strong production at 863 boe/d (93% oil) with peak of 957 boe/d
- Record-low WCS differentials (<$10/bbl under WTI) improving revenue
- Successful reactivation of nine wells in Luseland pool
- Major infrastructure upgrades completed at Cuthbert property
- 150+ workover and reactivation wells inventory indicating growth potential
- Production figures exclude White Tundra Petroleum acquisition impact
- Additional capital expenditure required for Q2 and Q3 service rig programs
CALGARY, Alberta, April 21, 2025 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) ("Prospera", “PEI” or the "Corporation")
Prospera Energy remains committed to providing stakeholders with transparent, timely, and data-driven updates on operational performance and field developments. This monthly report delivers key insights into the company’s production trends, optimization initiatives, and strategic advancements. All production figures represent the Company’s gross sales, reported in accordance with NI 51-101 and applicable industry standards.
From April 1st to 20th, production averaged 863 boe/d (
Western Canadian Select (WCS) differentials remain at record-low levels, recently trading at less than
Major infrastructure upgrades have been completed at the Cuthbert property, aimed at enhancing reliability, efficiency, and safety. These upgrades include pipeline upgrades, overhaul and maintenance of water injection pumps, installation of larger fuel gas scrubbers on wellsite engines, implementation of an enhanced engine maintenance program, battery water and sales tank servicing, road and lease maintenance, upgraded chemical and corrosion mitigation programs, replacement of flowline check valves, safety enhancements to the operator shack, and bolstering of on-site inventory to enable quicker repairs and minimize downtime.
Production at the Hearts Hill pool continues to trend upward, reaching 261 boe/d (
The Luseland pool continues to deliver strong results, with all nine wells from the Q1 workover and reactivation program now producing oil. Notably, the 1-17 well is consistently producing at 18 bbls/d and 3-9 well is consistently producing at 12 bbls/d, with additional upside potential through optimization. These results further validate the Company’s strategy of reactivating legacy wells with substantial original oil in place (OOIP). By bringing these wells back online, Prospera is effectively converting assets previously classified as NRA (No Reserves Associated) that only had ARO (Asset Retirement Obligations) associated to them into actively producing wells with meaningful PDP (Proved Developed Producing) reserves and associated cash flow.
Prospera has strategically secured access to multiple additional sales points across all properties to enhance market diversification, capture revenue arbitrage opportunities, and mitigate potential disruptions from downstream third-party issues at any single sales outlet.
The Corporation expects to release its Q4 and year-end 2024 audited financial results later this week, followed by an investor conference call scheduled for Thursday, April 24th at 11:00 AM MT. The links below and the Company’s website will provide call details. Attendees are encouraged to submit any questions in advance—click here to access the form and submit your questions prior to the conference call.
Join the call here on Thursday, April 24th at 11:00 AM MT: [Zoom Link]
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@prosperaenergy.com
Chris Ludtke, CFO
Email: cludtke@prosperaenergy.com
Shubham Garg, Chairman of the Board
Email: sgarg@prosperaenergy.com
FORWARD-LOOKING STATEMENTS
This 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.
FAQ
What is Prospera Energy's current production rate and oil percentage for April 2025?
How many workover and reactivation wells does GXRFF have in its inventory?
What are the production results from GXRFF's Luseland pool reactivation program?
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