Welcome to our dedicated page for Prospera Energy news (Ticker: GXRFF), a resource for investors and traders seeking the latest updates and insights on Prospera Energy stock.
Prospera Energy Inc. (OTC: GXRFF, TSX.V: PEI) generates frequent news and operational updates as it develops its crude oil and natural gas assets in Saskatchewan and Alberta. The company’s releases focus on field performance at its core properties in Cuthbert, Luseland, Hearts Hill, and Brooks, along with financing activities and corporate developments.
News items often highlight production trends in barrels of oil equivalent per day, oil cuts, and the impact of well reactivations, workovers, and waterflood optimization projects. Prospera regularly reports on infrastructure upgrades such as pipeline replacements, injection pump overhauls, and facility maintenance in areas like Cuthbert, as well as remediation work on specific horizontal wells and water disposal or injection wells.
Investors following GXRFF can also expect coverage of capital programs and funding arrangements, including term debt advances, promissory notes with warrants, convertible debenture offerings, and shares-for-debt settlements. The company’s news flow has included details on the acquisition of White Tundra Petroleum, a joint venture partnership for Mannville stack Formation assets, and initiatives such as polymer flood pilot planning and hedging contracts for a portion of oil production.
Prospera’s releases frequently combine operational data with commentary on its strategy of revitalizing legacy wells and converting previously non-producing assets into Proved Developed Producing reserves. For readers tracking Prospera Energy, this news page offers a centralized view of field-level updates, financing decisions, and corporate actions that the company discloses through its public communications.
Prospera Energy (OTC: GXRFF / TSXV: PEI) provided an operations and financing update highlighting multiple successful well reactivations at Luseland and an amended non-brokered unit offering. The Offering targets $3,000,000 CAD at $0.035 per unit with three-year warrants exercisable at $0.05. The company also agreed to settle $79,532.98 of trade payables by issuing 1,590,660 shares at a deemed $0.05 per share; the offering is subject to TSXV acceptance and targets close by March 15, 2026.
Prospera Energy (OTC: GXRFF / TSXV: PEIF) announced a $3.0 million non‑brokered private placement at $0.035 per unit, each unit including one common share and one warrant exercisable at $0.05 for two years. Net proceeds will fund Luseland well reactivations and optimizations, plus Cuthbert workovers, targeting near‑term production and improved cash flow with no new drilling planned.
Operations progress includes infrastructure upgrades in 2025, Luseland reactivation "proof‑of‑concept" wells, and Cuthbert pool growth from 40 m3/d (252 bbl/d) to 64 m3/d (403 bbl/d). The Offering is subject to TSXV approval and statutory hold periods.
Prospera Energy (OTC: GXRFF; TSXV: PEI) updated its financing: the non-brokered convertible debenture offering was increased from $3.0M to $4.0M CAD with a target close on or before December 14, 2025, subject to TSXV acceptance. The three-year unsecured debenture carries 12% interest payable quarterly and at maturity (cash or shares), and converts into units at $0.05 if converted in year one and $0.10 in years two or three; warrants exercisable at $0.05 for three years accompany conversions. Proceeds are earmarked for well reactivation, production optimization, strategic acquisitions and working capital. The company may pay finders 7% cash and 7% warrants. Separately, Prospera will issue 1,000,000 common shares to settle ~$82,144 of trade payables, subject to a four-month-plus-one-day hold and TSXV acceptance.
Prospera Energy (OTC: GXRFF) announced a Cuthbert-area pipeline replacement and infrastructure upgrade commencing Oct 23, 2025, with a $500,000 capital spend and a 10-day construction window.
The work replaces two legacy composite pipelines with corrosion-resistant spoolable FlexSteel, restores water-handling capacity, adds a third injection pump at Cuthbert 2-2, and is expected to raise waterflood injection capacity by ~2,500–3,500 m³/day from a current ~3,200 m³/day.
Prospera projects approximately +150 barrels per day incremental production after a 2–4 week stabilization ramp, improves leak detection and system reliability, and aims to lower operating costs through reduced downtime and maintenance.
Prospera Energy (OTC: GXRFF) reports strong operational performance with gross production averaging 775 boe/d (97% oil) from August 1-21, 2025. The company announced three significant developments: operational updates across multiple fields, completion of the White Tundra Petroleum acquisition for $2.62M, and a new joint venture partnership for Mannville stack Formation assets.
Field-specific production averaged 295 boe/d at Cuthbert, 202 boe/d at Hearts Hill, and 217 boe/d at Luseland. The White Tundra acquisition adds 30° API medium oil production assets near Loyalist and Hanna, Alberta. The new joint venture partnership allows a partner to earn 50% working interest in test wells, bringing expertise in Mannville Heavy Oil Stack development.
Prospera Energy (OTC: GXRFF) reported strong Q2 2025 financial results, with average net sales reaching 780 boe/d, an 18% increase from Q1. The company achieved sales revenue of $4.9 million, up 7% quarter-over-quarter, while significantly reducing operating costs by 38% to $36.86/boe.
Key operational highlights include $1.65 million in capital expenditures across well reactivations, plant maintenance, and environmental work. The company successfully reactivated eleven wells, adding 87 boe/d at an improved capital efficiency of $7,644/boe. Operating netback improved substantially to $22.73/boe from $10.55/boe in Q1, while working capital deficit improved by $2.8 million.
Additionally, Prospera secured $3.2 million in term-debt advances and will present at the EnerCom Denver Energy Investment Conference on August 19th, 2025.
Prospera Energy (OTC: GXRFF) reports strong operational performance with average gross production of 859 boe/d (97% oil) from July 1-23, 2025. The company has successfully completed 50+ projects across its properties, with nine additional wells recently coming online.
Key operational highlights include: Cuthbert pool averaging 356 boe/d, Hearts Hill at 230 boe/d, and Luseland producing 193 boe/d. The company has hedged 100 barrels per day at USD $67.00/barrel WTI from September 2025 through February 2026.
Financial updates include an $18.7M promissory note amendment and a $900,000 unsecured note offering with insider participation. The company also settled vendor debt through share issuance.