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Prospera Energy Announces Operations Update, Closing of White Tundra Petroleum Acquisition, and Signing of Joint Venture Partnership
CALGARY, Alberta, Aug. 29, 2025 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF)...
About this update from Prospera Energy Inc.
[{"type":"text","content":"Prospera Energy Announces Operations Update, Closing of White Tundra Petroleum Acquisition, and Signing of Joint Venture Partnership\n\n\n\n CALGARY, Alberta, Aug. 29, 2025 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“\n \n Prospera\n \n ”, “\n \n PEI\n \n ” or the “\n \n Corporation\n \n ”)\n \n\n\n\n Operations Update\n \n\n Prospera has maintained strong operational momentum, averaging gross production of 775 boe/d (97% oil) from August 1\n \n st\n \n to August 21\n \n st\n \n . These figures exclude production from the recently acquired White Tundra Petroleum assets.\n \n\n Numerous projects were successfully executed during the month, including additional well reactivations in Luseland, horizontal well re-entries in Cuthbert, installation of recycle pumps and sand suspension chemicals, well optimizations, engine maintenance and tune-ups, lease upgrades, mineral rights acquisitions, and waterflood enhancements. In the past seven days, four additional wells have been brought online and are currently in stages of load fluid recovery or initial optimization. Furthermore, two Single Well Battery (SWB) builds are in progress.\n \n\n Comprehensive well-by-well analysis continues daily, with production enhancement measures implemented in close coordination with field operations. Results from the Luseland reactivations have validated several strategies and proof-of-concept wells, as highlighted in the\n \n\n Key Wells Report available on Prospera’s website\n \n\n .\n \n\n The Corporation’s strong netbacks continue to support its strategy of efficiently reallocating capital into high-impact, reliable projects. To date, more than 60 projects have been completed, with plans finalized for the Q4 service rig program, including twelve additional Luseland reactivations that have advanced through engineering and planning. Furthermore, the success of the first heel perf in Cuthbert has identified 18 additional similar opportunities, further expanding the Corporation’s robust project inventory.\n \n\n\n Cuthbert\n \n\n Production at the Cuthbert pool averaged 295 boe/d (100% oil) from August 1\n \n st\n \n to August 21\n \n st\n \n . Enhanced winterization efforts are now underway, supported by critical infrastructure and field upgrades completed earlier in ...