Prospera Energy reports strong production and operational updates, focusing on financial stability and growth

From GlobeNewswire: 2025-02-27 18:26:12

Prospera Energy Inc. provides updates on operational performance and production trends, reporting an average production of 680 boe/d (92% oil) in February, peaking at 798 boe/d on February 25th despite extreme winter conditions. The company is focused on optimizing well performance and accelerating workover programs in Hearts Hill and Luseland. Prospera also prioritizes financial stability by negotiating payment plans with vendors and addressing compliance issues. Additionally, the company completes pipeline failure analysis and continues efforts to increase production in Brooks. A loan amendment increases the promissory note to $14,500,000, with no changes to the original terms.



Read more at GlobeNewswire: Prospera Announces Monthly Operations Update and Increase