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]