CALGARY, Alberta, Nov. 27, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. ((TSX.V: PEI, OTC:GXRFF) (“Prospera“, “PEI” or the “Corporation“)
In Q3 2025, Prospera reported sales revenue of $5.3 million and $0.8 million of operating netback. The company invested $2.0 million in capital expenditures, including $0.65 million for well reactivations and $1.35 million for plant maintenance/upgrades and well workovers. Reactivation efforts targeted 8 wells in the Luseland and Cuthbert properties, adding 57 boe/d of production at a capital efficiency of $11,406/boe (vs. $7,644/boe in Q2 2025 and $9,317/boe in Q1 2025). Plant maintenance expenditures enhanced infrastructure integrity, production reliability, and oil recovery.
On September 15, 2025, Prospera closed the acquisition of the remaining 14% working interest in the Cuthbert area, consolidating the Corporation’s working interest in the core asset to 100%. The effective date of the transaction is January 1, 2025. Consideration for the acquisition from an arm’s length joint operating partner was comprised of 6,654,450 common shares and 3,334,550 common share purchase warrants of the Corporation and forgiveness of the partner’s $1,027,110 of joint operating receivables. The common share purchase warrants are exercisable at $0.05 per share until September 15, 2028. These shares and warrants have not yet been issued and are subject to the approval of the TSXV.
On August 29, 2025, the Corporation closed the acquisition of 100% of the issued and outstanding common shares of White Tundra Petroleum for consideration comprised of 18,000,000 common shares of the Corporation. White Tundra’s primary petroleum and natural gas assets are located near Loyalist and Hanna, Alberta and add incremental production, cashflow and additional development opportunity to Prospera’s asset portfolio.
Other strategic achievements included:
Secured $1.2 million of additional convertible debenture and $0.1 million of promissory note proceeds for development and optimization purposes.
Refinanced $0.6 million of debt due in Q4 2025 into the company’s convertible debenture offering.
Operational highlights for Q3 2025 are as follows:
PEI realized average net sales of 808 boe/d in Q3 2025, an increase of 4% from Q2 2025 net sales of 780 boe/d, and an increase of 25% from Q3 2024 net sales of 647 boe/d.
Sales revenue was $5,277,864 ($71.00/boe) in Q3 2025 compared to $4,902,540 ($69.03/boe) in Q2 2025, an increase of 8% due to higher volumes and pricing, and compared to $4,727,708 ($79.39/boe) in Q3 2024, an increase of 12%, due to sales volume increases offset by lower prices.
In Q3 2025, operating costs increased 33% to $49.18/boe from $36.86/boe in Q2 2025 and increased 15% from $41.93/boe in Q3 2024 primarily due to higher contract operator fees, field maintenance, road usage fees and the impact of the results of the 14% working interest acquisition.
In Q3 2025, PEI’s operating netback was $0.8 million ($10.46/boe), down from $1.61 million ($22.73/boe) in Q2 2025 and from $1.74 million ($29.23/boe) in Q3 2024.
Q3 2025
Q2 2025
Q3 2024
YTD 2025
YTD 2024
P&NG sales revenue ($)
5,277,864
4,902,540
4,727,708
14,778,876
13,807,274
Royalties ($)
(844,808
)
(670,619
)
(490,330
)
(1,950,542
)
(1,105,956
)