Prospera Energy Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.- CEO
- Shubham Garg
- Full Time Employees
- 23
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 1300 – 8th Street SW Calgary AB Canada T2R 1B2
- IPO Date
- Aug 24, 2018
- Website
- prosperaenergy.com
- Similar Companies
- Business
- Prospera Energy Inc. is a publicly traded Canadian energy company specializing in the exploration, development, and production of crude oil and natural gas from conventional reservoirs in Western Canada. The company focuses on optimizing hydrocarbon recovery from legacy fields through environmentally safe reservoir development methods, including waterflood optimization, producer-to-injector conversions, recompletions, acid fracking, polymer floods, and enhanced oil recovery techniques such as hot water, steam, and polymer injection; its principal properties include the 100% working interest Cuthbert property in Saskatchewan with Bakken and Sparky oil zones, the 100% working interest Luseland property representing 70% of the company's original oil in place with multi-zone Bakken and Waseca targets, the 86% working interest Hearts Hill property with Basal Mannville oil, Viking and Colony gas, and the 100% working interest Brooks property with Mannville Dina waterfloods producing low-decline 28-degree API oil plus 90% working interest Banff wells producing 31-degree API oil. Headquartered in Calgary, Alberta, and founded in 2003 as Georox Resources Inc. before changing its name to Prospera Energy Inc. in June 2018, the company operates primarily in Saskatchewan and Alberta, targeting heavy oil production with listings on the TSX Venture Exchange (PEI) and U.S. OTC (GXRFF). Recent developments include the completion of major pipeline replacements and infrastructure upgrades at Cuthbert in November 2025 to boost waterflood injection capacity by 2,500-3,500 cubic meters per day and add 150 barrels of oil per day, securing $3 million in insider-backed convertible debenture financing in May 2025 for capital programs, acquiring an additional 10% working interest in Hearts Hill, Luseland, and Cuthbert properties in September 2024 for $1.8 million in cash, equity, and debt forgiveness, entering an agreement in March 2025 to acquire White Tundra Petroleum's assets near Loyalist and Hanna, Alberta, for shares and debt assumption pending production milestones and TSXV approval, launching a 42-well reactivation program for the 2025/2026 winter season, advancing a polymer flood pilot, and reporting a $5 million increase in proved developed producing reserves to $33 million in Q1 2025.
Prospera Energy Announces Q1 2026 Financial Results
Prospera Announces Operations Update and May Conference Call
Prospera Energy Reports 2025 Year-End Audited Financials and Reserves
Letter to Prospera Shareholders: Eighteen Months of Transformational Execution
Prospera Energy Announces Slate of Industry Presentations and Conferences
Prospera Energy Announces 8 Year Production High in Its Luseland Field
Prospera Energy Announces Successful Closing of Private Placement
Prospera Energy Highlights Industry Recognition and Consolidation of Core Saskatchewan Properties
Prospera Energy Announces Operations and Financing Update
Prospera Announces Comprehensive Operations Update and $3.0 Million Non-Brokered Equity Financing to Advance Core Heavy-Oil Strategy
Prospera Announces Financing Update
Prospera Energy Announces Q3 2025 Financial Results and Live Conference Call
Prospera Announces Financing Update
Prospera Energy Launches Key Infrastructure Upgrades to Unlock Next Phase of Production Growth
Prospera Energy Announces Operations Update, Closing of White Tundra Petroleum Acquisition, and Signing of Joint Venture Partnership
Prospera Energy Inc. Provides Operations Update
Prospera Energy Announces Operations Update
Prospera Energy Inc. (GXRFF) Q1 2025 Earnings Call Transcript
Prospera Energy Announces 2024 Financial Results
Prospera Energy Announces Monthly Operations Update