Prospera Energy Stock Price, News & Analysis

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.

Prospera Energy (GXRFF) reports strong operational performance with gross production averaging 880 boe/d (94% oil) from June 1-15, 2025, marking six consecutive months of growth. The company's three main assets show robust performance: Cuthbert pool at 350 boe/d, Hearts Hill at 245 boe/d, and Luseland at 179 boe/d. Western Canadian Select differentials remain favorable at under $9/bbl, enhancing revenue and cash flow. The company is actively optimizing operations through waterflood initiatives and well workovers across its heavy oil properties. Prospera amended its promissory note, increasing it by $1.2M to $16.7M, maintaining 12% interest and two-year maturity. The company also settled $72,765.48 in interest expense through share issuance and announced its AGM for June 19th.

Prospera Energy (GXRFF) has secured $3 million in financing commitments, largely from company insiders, through convertible debentures. The company reported Q1 2025 results with average net sales of 660 boe/d, up 3% YoY, and sales revenue of $4.6 million, a 17% increase from Q1 2024. The company deployed $2.3 million in capital for well reactivation, achieving additional production of 249 boe/d. Operating costs increased 54% to $59.46/boe due to various operational challenges. Notable developments include securing $3.3 million in term debt funding, agreeing to acquire White Tundra Petroleum, settling $1.5 million convertible debt, and completing corporate workforce optimization. PDP reserves increased by $5 million to $33 million total.

Prospera Energy (GXRFF) has announced a $2 million convertible debt private placement offering with a 12% interest rate. The debentures are convertible at $0.05 in the first year and $0.10 in the second year, with interest payable in cash or shares. The company plans to use proceeds for well reactivation, production optimization, strategic acquisitions, and working capital. Key operational updates include: - Balance sheet consolidation initiatives under a single senior secured debt instrument - 20% of oil production allocated to asphalt sales agreement (May-August) for improved netbacks - Service rig mobilization at Cuthbert property for multi-well program - Three locations identified for polymer flood pilot in Luseland pool - Q1 2025 Financial Statements release scheduled for May 21st, 2025

Prospera Energy reported strong financial results for 2024, with sales revenue reaching $18.1 million, up from $13.1 million in 2023. The company's average production increased 29% to 652 boe/d, with improved average sales prices of $75.95/boe.

Under new leadership, including Chairman Shubham Garg and COO Darren Jackson, Prospera implemented a strategic transformation focusing on reactivating existing wells in Saskatchewan heavy oil assets. The company secured $16.5 million in financing through various instruments and increased its Property and Equipment balance to $47.8 million.

Notable achievements include:

• Positive operating netback of $6 million, up from $3.4 million in 2023
• Improved funds flow to $2.6 million from $191,000
• 26% increase in gross 2P reserves to 6,793 Mboe
• 24% increase in 1P reserves NPV to $111.4 million

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) announces key leadership changes with Shubham Garg, current Chairman, taking on the additional role of Interim CEO. Christopher Moore joins the Board of Directors, bringing industry expertise and market insight. The five-member Board now owns 13% of outstanding common equity, while insiders control 36%.

The company amended its promissory note, increasing it by $1,000,000 to reach a total of $15.5 million, maintaining its 12% interest rate and two-year maturity, pending TSXV acceptance.

In response to volatile oil prices and potential tariffs, Prospera is adapting by considering pausing growth capital and optimizing vendor payment strategies. The company's Luseland property reactivation program has achieved significant success, with production reaching 190 barrels per day, representing a 186% increase since October 31st, 2024.

Prospera Energy (TSX.V: PEI, OTC: GXRFF) reports March production averaging 773 boe/d (93% oil), with peak production of 881 boe/d on March 27th. A temporary pipeline suspension in Cuthbert impacted production by ~105 barrels/day. The company completed significant workover programs:

• Hearts Hill: 16 wells completed with capital efficiency under $5,000 per boe/d
• Luseland: 9 out of 11 wells now online, showing strong oil production
• Brooks: Implemented production optimization strategies including casing gas compression

WCS differentials are trading at record-low levels below $10 USD/bbl for certain summer months. The company has fully addressed AER non-compliances (reduced from 16 to zero) and decreased MER non-compliances by 37% in Q1. Prospera has established new governance and disclosure committees to enhance corporate oversight.