The Conversation (0)
Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (" Prospera ", " PEI " or the " Corporation ")
In Q2 2025, Prospera invested $1.65 million in capital expenditures, including $665K for well reactivations, $534K for plant maintenance, and $448K for environmental work. Reactivation efforts targeted eleven wells in the Luseland and Cuthbert properties, adding 87 boe/d of production at an improved capital efficiency of $7,644/boe (vs. $9,317/boe in Q1). Plant maintenance improved infrastructure integrity, enhanced production reliability, and supported higher oil recovery.
Strategic achievements included:
- Securing $3.2 million in additional term-debt advances for development and optimization.
- Completing workforce optimization to streamline decision-making and reduce G&A costs.
- Securing $150K through a convertible debenture offering, expected to close in Q3 2025.
Operational highlights for Q2 2025 are as follows:
- PEI realized average net sales of 780 boe/d in Q2 2025, an increase of 18% from Q1 2025 net sales of 660 boe/d.
- Sales revenue in Q2 2025 totaled $4,902,540 ($69.03/boe), a 7% increase from $4,579,726 ($77.33/boe) in Q1 2025, due to higher sales volumes, partially offset by weaker commodity prices.
- In Q2 2025, operating costs fell 38% from Q1 to $36.86/boe due to the absence of unplanned maintenance, upgrades, and extreme cold weather costs seen earlier in the year.
- In Q2 2025, PEI's operating netback was $1.61 million ($22.73/boe), up from $627K ($10.55/boe) in Q1 2025.
- Improved the working capital deficit by $2.8 million from December 31, 2024, with Q2 period-end cash increasing by $582K to $947K.
| Q2 2025 | Q1 2025 | YTD 2025 | YTD 2024 | |||||||||
| P&NG sales revenue ($) | 4,902,540 | 4,598,472 | 9,501,012 | 9,079,566 | ||||||||
| Royalties ($) | (670,619 | ) | (435,115 | ) | (1,105,734 | ) | (615,626 | ) | ||||
| Operating costs ($) | (2,617,998 | ) | (3,536,091 | ) | (6,154,089 | ) | (4,345,139 | ) | ||||
| Operating netback ($) | 1,613,923 | 627,266 | 2,241,189 | 4,118,801 | ||||||||
| Per BOE, except total BOE sales volumes | Q2 2025 | Q1 2025 | YTD 2025 | YTD 2024 | |||||||||
| Total BOE sales volumes | 71,019 | 59,469 | 130,489 | 121,534 | |||||||||
| P&NG sales revenue ($) | 69.03 | 77.33 | 72.81 | 74.71 | |||||||||
| Royalties ($) | (9.44 | ) | (7.32 | ) | (8.47 | ) | (5.07 | ) | |||||
| Operating costs ($) | (36.86 | ) | (59.46 | ) | (47.16 | ) | (35.75 | ) | |||||
| Operating netback per BOE ($) | 22.73 | 10.55 | 17.18 | 33.89 | |||||||||
Conference call to accompany Q2 2025 Financial Results
Stakeholders are encouraged to join Prospera Energy for an investor conference call on August 15 th , 2025, at 10:00 AM MT, where management will review Q2 2025 financial results, technical discussion of key wells, operational milestones, and the Company's strategic direction: Click here to register .
EnerCom Denver Presentation
Prospera is pleased to announce that it will participate in the 30 th Annual EnerCom Energy Investment Conference, taking place in Denver, Colorado on August 18 th & 19 th , 2025. Shubham Garg, Chief Executive Officer, and Chris Ludtke, Chief Financial Officer, will present on Tuesday, August 19 th , 2025, at 1:55 p.m. MT. A live webcast of the presentation will be available to registered participants via the following link: https://www.enercomdenver.com .
About Prospera
Prospera Energy Inc. is a publicly traded Canadian energy company specializing in the exploration, development, and production of crude oil and natural gas. Headquartered in Calgary, Alberta, Prospera is dedicated to optimizing recovery from legacy fields using environmentally safe and efficient reservoir development methods and production practices. The company's core properties are strategically located in Saskatchewan and Alberta, including Cuthbert, Luseland, Hearts Hill, and Brooks. Prospera Energy Inc. is listed on the TSX Venture Exchange under the symbol PEI and the U.S. OTC Market under GXRFF.
Prospera reports gross production at the first point of sale, excluding gas used in operations and volumes from partners in arrears, even if cash proceeds are received. Gross production represents Prospera's working interest before royalties, while net production reflects its working interest after royalty deductions. These definitions align with ASC 51-324 to ensure consistency and transparency in reporting.
It is important to note that BOEs (barrels of oil equivalent) may be misleading, particularly if used in isolation. The BOE conversion ratio of 6 Mcf:1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
For Further Information:
Shawn Mehler, IR
Email: investors@prosperaenergy.com
Chris Ludtke, CFO
Email: cludtke@prosperaenergy.com
Shubham Garg, Chairman of the Board
Email: sgarg@prosperaenergy.com
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will," "may," "should," "anticipate," "expects" and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Although Prospera believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prospera can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Prospera. As a result, Prospera cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward- looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and Prospera does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
