Prospera Energy Inc.
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.Company Description
- CEO
- Shubham Garg
- Full Time Employees
- 118
- Sector
- Energy minerals
- Industry
- Integrated oil
- Address
- 444 7th Ave SW Calgary AB Canada T2P 0X8
- IPO Date
- Mar 21, 2000
- Website
- prosperaenergy.com
- Similar Companies
- Business
- Prospera Energy Inc. is a Canadian energy company specializing in the exploration, development, and production of crude oil and natural gas, with a focus on optimizing recovery from legacy fields through environmentally safe reservoir enhancement methods and production practices; core operations encompass crude oil extraction from formations such as Bakken, Sparky, Waseca, Basal Mannville, Mannville Dina, and Banff; natural gas production from Viking and Colony zones; and advanced recovery techniques including waterflood optimization, producer-to-injector conversions, acid fracking, enhanced oil recovery (EOR) via hot water, steam, and polymer flooding, casing gas compression, dewaxing, and well reactivations. The company holds interests in key properties including Cuthbert (86% working interest, Saskatchewan), Luseland (100%, Saskatchewan), Hearts Hill (100%, Saskatchewan), and Brooks (90-100%, Alberta), targeting original oil in place exceeding 400 million barrels with recovery rates historically below 8% using legacy vertical well technology; it serves markets in Western Canada, primarily Saskatchewan and Alberta. Founded in 2003 and headquartered in Calgary, Alberta, at 444 - 7th Avenue SW Suite 730, the company changed its name from Georox Resources Inc. in June 2018 and lists on the TSX Venture Exchange (PEI.V) and U.S. OTC (GXRFF). Recent developments include the acquisition of an additional 10% working interest in Hearts Hill, Luseland, and Cuthbert properties announced in September 2024 for $1.8 million in cash, equity, and debt forgiveness, achieving 100% ownership in key assets; the all-share acquisition of White Tundra Energy Ltd. approved by the TSX Venture Exchange in August 2025, adding production and reserves in core areas; a $3 million financing commitment secured in May 2025 primarily from insiders via convertible debentures to fund capital programs; a non-brokered unit offering first tranche closing in November 2024 for $500,000; Q1 2025 reserves update reflecting a $5 million increase in proved developed producing reserves to $33 million; execution of over 65 projects in 2025 including well reactivations and heel perf operations unlocking further inventory; and a joint venture partnership nominating three Mannville stack wells for development commencing October 2025 with completions targeted for January 2026.
Company News
Prospera Energy Restarts Five Additional Luseland Wells at $6,400 per Flowing Barrel; First Ten Reactivations Return 1.92x Capital
Prospera Energy to Attend the ArcStone-Kingswood Growth Summit 2026 in Toronto
Prospera Energy Announces Financing Update
Capital Tides 2026 Sets Sail September 10 with 26 Presenting Companies as Final Investor Seats Open
Prospera Energy Announces Two-Year Extension of Senior Term Loan and Repricing of Equity Financing
Prospera Announces Commencement of Service Rig Operations
Prospera Reports Record Revenue and Significant Increase in Operating Netback in Q2 2026
Prospera Announces $12.0 Million Non-Brokered Equity Financing to Scale Its Heavy-Oil Strategy
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