Prospera Energy Announces 8 Year Production High in Its Luseland Field

About this update from Prospera Energy Inc.

Prospera Energy Announces 8 Year Production High in Its Luseland FieldProspera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) ("Prospera", "PEI", the "Company", or the "Corporation")Calgary, Alberta--(Newsfile Corp. - March 23, 2026) - Luseland Field UpdateProspera Energy is pleased to provide an operations update highlighting significant momentum across its Western Canadian heavy oil asset base. The Company's Luseland property in Saskatchewan has reached its highest production levels in almost a decade, a direct result of Prospera's systematic well reactivation program and the operational discipline implemented since the current management team assumed control in late 2024.Figure 1 - Luseland Pool oil production demonstrating >300% increase in production in <18 months (with further growth underway).To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/12143/289657_prospera.jpgWells reactivated during 2025 continue to perform exceptionally well, with production rates still climbing, validating the Company's capital-efficient, reactivation-first development model and providing a reliable base upon which to layer additional growth.Figure 2 - Luseland 10-08 well with continuously increasing oil production as a result of oil cuts rising.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/12143/289657_8db3c105042e0bd9_004full.jpgThe 2026 reactivation program has already brought new wells online that are producing at strong initial rates. The Company attributes these results to several enhanced engineering and optimization strategies implemented this year, including the deployment of bigger downhole PCP pumps, undersized rotors for improved run-life and sand-management, additional recycle pumps installed on individual wells, increased recycle pump capacities across the field, and a more controlled ramp-up phase designed to maximize long-term well productivity and reliability. These operational refinements represent a meaningful step forward in the Company's approach to reactivation economics and are expected to improve both initial production rates and sustained well performance across future reactivations.Additionally, the corporation has re-entered existing legacy Luseland wells in order to deploy enhanced production engineering and downhole strategies to add significant in...

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