Prospera Energy Inc. sees significant growth in reserves for 2024, focusing on low-risk production increase

From GlobeNewswire: 2025-02-22 20:23:56

Prospera Energy Inc. announces significant growth in Proven Developed Producing and Total Proved plus Probable reserves for 2024. The reserves were evaluated by InSite Petroleum Consultants Ltd. The company’s core strategy focuses on low-risk workovers and reactivations to increase production. NPV for PDP reserves increased by 3%, NPV for PDNP reserves doubled, and 1P reserves increased by 24%. Gross 2P reserves increased by 26% to 6,793 Mboe. The company’s net asset value per share is $0.17 for 1P and $0.28 for 2P reserves. Revenue data was used to quantify price adjustments for product prices. Prospera specializes in energy exploration, development, and production.



Read more at GlobeNewswire: Prospera Energy Inc. Announces 2024 Year-End-Reserves