Prospera Energy focuses on reactivating existing wells in Saskatchewan, showing positive financial results

From GlobeNewswire: 2025-04-30 20:29:00

Prospera Energy Inc. has shifted its focus to reactivating existing wells in Saskatchewan under new leadership to improve production reliability and cash flow. Operational highlights for 2024 include increased sales revenue and gross sales, positive operating netback, and funds flow. The company raised $16.5 million in financing and completed working interest acquisitions. PEI’s reserves report shows significant increases in NPV and reserves. For more information, a live webinar conference call will be held on May 1, 2025. Prospera Energy specializes in oil and gas production, with core properties in Saskatchewan and Alberta.

The company’s year-end financial information for 2024 will be showcased on April 29th, 2025. Gross production figures show positive growth and financial stability. Forward-looking statements highlight the Corporation’s future operations and plans. Prospera emphasizes environmentally safe reservoir development methods. The company’s core properties are strategically located in key regions. Investors can contact the company for more information. Neither TSXV nor its Regulation Services Provider accepts responsibility for the release’s accuracy.



Read more at GlobeNewswire: Prospera Energy Announces 2024 Financial Results