Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) ("Prospera", "PEI", the "Company", or the "Corporation")Calgary, Alberta--(Newsfile Corp. - February 27, 2026) - Prospera Energy is pleased to announce that the Company has been invited to present at an industry leadership presentation and a technical industry conference, reflecting growing industry recognition of Prospera's disciplined heavy oil reactivation strategy and operational execution across legacy assets in the Western Canadian Sedimentary Basin. ...

Core Insights - Prospera Energy Inc. has successfully implemented a corporate reactivation strategy in Luseland, leading to increased oil production rates from reactivated wells [1][11][18] - The company is focused on optimizing production through technical learnings and operational efficiencies, which are driving measurable growth [1][11] Operational Updates - Well 10-07 has shown consistent output over seven months and has further optimization potential [4] - Well 10-08 has increased oil production while reducing water cut through effective operational management [7] - Well 01-17 is producing at a low water cut and generating exceptional netbacks, validating production potential in Section 17 [9] - Well 16-07, reactivated after over 20 years, is contributing significantly to production, indicating potential in other long-term shut-in wells [11] - Well 03-09 has been optimized with a recycle pump strategy, achieving high and stable initial production rates [14] - Well 07-33 has shown significant production gains through systematic enhancements and active management [17] Equity Offering - Prospera has amended the terms of its previously announced unit offering, extending the term of associated warrants by one year [18] - The offering is set at $3,000,000 CAD, with each unit priced at $0.035, consisting of one common share and one warrant [19] - Proceeds from the offering will be used for well reactivations, production optimization, and working capital [19] Monthly Conference Call - The company holds monthly conference calls to provide updates on operations, well performance, and financial metrics [20][21] Shares for Debt Settlements - Prospera has settled $79,532.98 in outstanding trade payables by issuing 1,590,660 common shares at a deemed price of $0.050 per share [22] Company Overview - Prospera Energy Inc. specializes in the exploration, development, and production of crude oil and natural gas, with core properties in Saskatchewan and Alberta [23]

Core Insights - Prospera Energy Inc. is conducting a non-brokered private placement of units to raise gross proceeds of $3.0 million at a price of $0.035 per unit, aimed at supporting near-term production growth and enhancing liquidity [1][9] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the holder to acquire an additional share at $0.05 for two years [2][9] - The company plans to use the net proceeds from the offering, along with cash flow generation, to fund capital upgrades and maintenance on its infrastructure, facilitating efficient production growth [4][5] Offering Details - The offering is subject to TSX Venture Exchange approval and applicable regulatory requirements, with all securities issued being subject to statutory hold periods [7] - The offering aims to create a balanced capital structure, enabling the company to secure additional debt funding and enhance financial flexibility [3] Operations Update - Prospera is implementing a corporate reactivation strategy focused on reviving dormant assets through various programs, including the Luseland Well Reactivation and Optimization Programs [8] - The company has successfully increased production from its Cuthbert pool, with production rising from 40 m³/d (252 bbl/d) to 64 m³/d (403 bbl/d) due to facility enhancements and pipeline replacements [37][38] Financial Performance - The reactivation program is translating into financial strength, with several wells generating significant net profits and expected to produce for the next 20-40 years [43] - A detailed financial performance table shows cumulative operating income for various wells, indicating strong revenue generation despite seasonal challenges [44] Future Outlook - The company is committed to sustainable growth through its well reactivation and optimization strategy, with plans to unlock further value from remaining wells [45] - Prospera will hold monthly conference calls to discuss operations, financial metrics, and future plans, enhancing transparency with stakeholders [46][47]

Core Insights - Prospera Energy Inc. reported Q3 2025 sales revenue of $5.3 million and an operating netback of $0.8 million, with significant capital expenditures aimed at well reactivations and plant maintenance [1][5] - The company successfully acquired a 14% working interest in the Cuthbert area, consolidating its interest to 100%, and also completed the acquisition of White Tundra Petroleum, enhancing its asset portfolio [2][3] Financial Performance - Q3 2025 sales revenue was $5,277,864, an 8% increase from Q2 2025 and a 12% increase from Q3 2024, driven by higher sales volumes and pricing [4][5] - Operating costs rose by 33% to $49.18/boe in Q3 2025 compared to Q2 2025, primarily due to increased contract operator fees and maintenance costs [5] - Average net sales increased by 4% from Q2 2025 to 808 boe/d in Q3 2025, and by 25% from Q3 2024 [5] Operational Highlights - The company invested $2.0 million in capital expenditures in Q3 2025, with $0.65 million allocated for well reactivations and $1.35 million for plant maintenance and upgrades [1] - Reactivation efforts targeted 8 wells, adding 57 boe/d of production at a capital efficiency of $11,406/boe [1] - The acquisition of White Tundra Petroleum added incremental production and cash flow opportunities to Prospera's asset base [3] Strategic Developments - Prospera secured $1.2 million in additional convertible debentures and $0.1 million in promissory notes for development purposes [5] - The company refinanced $0.6 million of debt into its convertible debenture offering, indicating a strategic approach to managing financial obligations [5] - An investor conference call is scheduled for November 28, 2025, to discuss Q3 2025 financial results and strategic direction [6]

Core Insights - Prospera Energy Inc. has successfully completed three major pipeline infrastructure projects, enhancing its reservoir optimization strategy and operational reliability as it enters the winter capital program [1][2][6] Infrastructure Upgrades - The completed projects include two replacement and integrity-upgrade pipelines in Cuthbert and one in Hearts Hill, which have returned several injector wells to operation and enabled a strategic online production of producer wells [2][3] - These upgrades are part of a broader infrastructure upgrade program aimed at enhancing safety, reducing downtime, and improving production performance across the asset base [2][4] Winter Capital Program - The 2025/2026 winter capital program includes a 42-well reactivation and optimization plan, targeting additional wells and scheduled workovers in Hearts Hill and Cuthbert [3][4] - The program aims to improve production reliability and strengthen near-term cash flow, supporting the company's operational and financial objectives [4] Regulatory Compliance - Over the past twelve months, the company has remediated 311 regulatory non-compliances, demonstrating its commitment to responsible development and regulatory alignment [5] Convertible Debenture Offering - Prospera has announced a convertible debenture offering scheduled to close on December 14, 2025, with investor interest remaining positive [7][8] - The offering aims to raise CAD 4 million to support the winter capital program and enhance production performance [8][9] Company Overview - Prospera Energy Inc. specializes in the exploration, development, and production of crude oil and natural gas, with core properties located in Saskatchewan and Alberta [10] - The company is publicly traded on the TSX Venture Exchange under the symbol PEI and the U.S. OTC Market under GXRFF [10]

Core Points - Prospera Energy Inc. has increased its convertible debt offering from $3,000,000 to $4,000,000 due to strong insider participation and investor interest, with a target close date on or before December 14, 2025 [1][2] - The proceeds from the offering will be utilized for well reactivation, production optimization, and strengthening working capital [2][3] - The convertible debenture has a three-year term with a conversion price of $0.05 in the first year and $0.10 in the subsequent years, and it carries a 12% interest rate [3] Offering Details - The offering amount is set at $4,000,000 CAD, and the securities will be offered to qualified purchasers under applicable securities legislation exemptions [2][3] - The convertible debenture will be unsecured, and the company may pay finders a fee of 7% in cash and 7% in warrants [3] - The conversion price and warrants are subject to standard anti-dilution adjustments [3] Debt Settlements - Prospera has entered into agreements with four vendors to settle outstanding trade payables through the issuance of common shares, totaling $82,143.84 across various share prices [4] - The shares issued for debt settlements will be subject to a trading restriction of four months and a day from the date of issuance [4] Company Overview - Prospera Energy Inc. is a publicly traded Canadian energy company focused on the exploration, development, and production of crude oil and natural gas, with core properties located in Saskatchewan and Alberta [5] - The company aims to optimize recovery from legacy fields using environmentally safe and efficient methods [5]

Core Insights - Prospera Energy Inc. has initiated a significant pipeline replacement and infrastructure upgrade project in the Cuthbert area, with a total capital investment of approximately $500,000 [1][2]. Project Details - The project involves replacing two aging composite pipelines with new corrosion-resistant FlexSteel material, which will enhance water injection management and reservoir pressure maintenance [2]. - The new pipelines are expected to increase waterflood injection capacity by approximately 2,500–3,500 m³ per day, raising total field capacity from around 3,200 m³ per day [2]. - A third water injection pump will be installed at the Cuthbert 2-2 battery, projected to add approximately 150 barrels of oil per day in incremental production after a two-to-four-week ramp-up period [2][3]. Operational Benefits - The initiative allows for more efficient water redistribution, optimizing recovery and enabling the addition of more producer wells in the southern field area [3]. - The project aims to improve overall waterflood system pressure, which has been operating below the optimal range of 6,500–8,000 kPa, thus enhancing system reliability and long-term recovery factors [3]. - Material cost savings are anticipated through reduced downtime and fewer maintenance interventions, with surplus materials being utilized for future infrastructure improvements [4]. Strategic Importance - This project is part of Prospera's broader field redevelopment plan, focusing on modernizing assets and optimizing reservoir management to support sustained production growth in 2025 and beyond [5].

Core Viewpoint - Prospera Energy Inc. has demonstrated strong operational performance with significant production increases and strategic acquisitions, positioning itself for future growth in the oil and gas sector. Production and Operations - The company averaged gross production of 775 boe/d (97% oil) from August 1 to August 21, excluding the recently acquired White Tundra Petroleum assets [1] - Production at the Cuthbert pool averaged 295 boe/d (100% oil) during the same period, with enhanced winterization efforts underway [5] - Hearts Hill production averaged 202 boe/d (90% oil) and is undergoing waterflood pattern optimization [7] - Luseland production averaged 217 boe/d (99% oil), supported by ongoing workovers and field optimizations [8] Project Execution and Enhancements - Over 60 projects have been completed, with plans for additional reactivations and enhancements in Q4 [4] - Successful remediation projects have increased oil production from specific wells by over 300% [6] - The company is actively optimizing more than 10 wells daily, with various initiatives to improve production efficiency [9][10] Strategic Acquisitions - Prospera has successfully acquired White Tundra Petroleum for a total consideration of $2,620,000, enhancing its production base and providing new reactivation opportunities [13][14] - The acquisition includes a performance-based bonus contingent on achieving specific production targets [14] Joint Ventures and Partnerships - The company has entered a joint venture to develop its Mannville stack formation assets, with operations expected to commence by October 31, 2025 [16][18] - The partnership allows Prospera to maintain operational control while mitigating capital requirements [18] Reporting and Transparency - Prospera has published updated production and workover trackers, providing detailed insights into production rates and capital expenditures [12]

Core Insights - Prospera Energy Inc. reported a significant increase in production and revenue in Q2 2025, driven by strategic capital investments and operational improvements [1][6]. Financial Performance - In Q2 2025, Prospera's P&NG sales revenue reached $4,902,540, a 7% increase from Q1 2025's $4,598,472, attributed to higher sales volumes despite weaker commodity prices [3][6]. - Operating costs decreased by 38% from Q1 2025 to $36.86/boe, due to the absence of unplanned maintenance and extreme cold weather costs [6]. - The operating netback improved to $1.61 million ($22.73/boe) in Q2 2025, up from $627K ($10.55/boe) in Q1 2025 [6]. Production and Capital Expenditures - Prospera invested $1.65 million in capital expenditures in Q2 2025, with $665K allocated for well reactivations, $534K for plant maintenance, and $448K for environmental work [1]. - The reactivation of eleven wells in the Luseland and Cuthbert properties added 87 boe/d of production, achieving improved capital efficiency of $7,644/boe compared to $9,317/boe in Q1 2025 [1]. Strategic Developments - The company secured $3.2 million in additional term-debt advances for development and optimization, and completed workforce optimization to streamline decision-making and reduce G&A costs [6]. - Prospera is set to participate in the EnerCom Energy Investment Conference in Denver, Colorado, on August 18 & 19, 2025, where key executives will present [5]. Operational Highlights - Average net sales increased by 18% to 780 boe/d in Q2 2025 from 660 boe/d in Q1 2025 [6]. - Total BOE sales volumes for Q2 2025 were 71,019, compared to 59,469 in Q1 2025 [3].

Core Viewpoint - Prospera Energy Inc. is demonstrating strong operational performance with significant production growth and ongoing optimization projects across its properties, indicating a positive trajectory for the company’s future operations [1][3]. Production Performance - The company averaged gross production of 859 boe/d (97% oil) from July 1 to July 23, with nine additional wells coming online recently [1]. - Production at the Cuthbert pool averaged 356 boe/d (100% oil) during the same period, supported by waterflood optimization and maintenance [4]. - Hearts Hill pool production remained stable at 230 boe/d (91% oil), with ongoing initiatives to enhance reservoir performance [6]. - Luseland pool production averaged 193 boe/d (100% oil), bolstered by workovers and field optimizations [7]. Operational Enhancements - The company is conducting weekly well-by-well analyses and implementing production enhancement changes daily [2]. - Prospera's service rig is working through over 150 remaining workover and reactivation candidates, improving operational efficiency [2]. - Numerous optimization efforts are underway, including the installation of recycle pumps and increased pump speeds to enhance fluid drawdown [8]. Strategic Projects - High-impact remediation projects are being executed, including the installation of downhole bridge plugs and casing cuts to block water production [5]. - The company has completed over 50 projects and has finalized plans for Q3 and Q4 service rig programs, including nine reactivations [3]. Financial Management - Prospera has hedged 100 barrels of oil per day at an average price of approximately USD $67.00 per barrel from September 2025 through February 2026 to stabilize cash flow [12]. - The company has entered agreements to settle outstanding trade payables through the issuance of common shares, totaling $36,292 [13]. - An amendment to a promissory note has increased the total principal amount to $18,700,000, earmarked for production-increasing capital projects [14]. Transparency and Reporting - Prospera is enhancing transparency by publishing updated production, workover tracker, and key wells reports, with monthly production volumes and corporate revenue information [11].