Core Insights - Prospera Energy Inc. is committed to providing transparent updates on operational performance and field developments, with a focus on production trends and strategic advancements [1] Production Performance - The company reported an average gross production of 880 boe/d (94% oil) from June 1 to June 15, marking the sixth consecutive update of production growth [2] - Production figures exclude contributions from the recently acquired White Tundra Petroleum assets, which are pending acceptance by the TSXV [2] - The Cuthbert pool averaged 350 boe/d (100% oil) during the same period, supported by well speed-ups and waterflood optimization [4] - Hearts Hill pool production averaged 245 boe/d (89% oil), with improvements in oil cuts due to effective recovery and optimization efforts [5] - Luseland pool production averaged 179 boe/d (100% oil), with specific wells showing significant production increases [6] Financial Performance - Western Canadian Select (WCS) differentials are at record-low levels, trading at less than $9/bbl under WTI, positively impacting revenue and cash flow [3] - The company is reallocating capital into high-impact projects, finalizing plans for Q3 and Q4 service rig programs [3] Operational Initiatives - A comprehensive well-by-well analysis and waterflood optimization review are being implemented throughout the summer [2] - The company is addressing over 150 workover and reactivation wells to enhance operational efficiency [2] - Technical studies on conformance gel injections are being advanced to mitigate water channeling in the Hearts Hill area [5] Corporate Developments - Prospera has published its inaugural cash flow and key wells report, which will be released monthly alongside operational updates [7][8] - The company is inviting shareholders to its Annual General Meeting on June 19, where management will discuss operational progress and future initiatives [9] - An amendment to a promissory note has increased the total principal amount to $16,700,000, maintaining a 12% interest rate and a two-year maturity [10]