Prospera completes pipelines, readies winter program

Executive Summary

• Prospera Energy Inc. has completed three major pipeline infrastructure projects (two in Cuthbert, one in Hearts Hill), returning injector wells to operation and enabling new producer wells to come online.
• The company is now positioned to advance its 2025/2026 winter capital program, which includes a 42-well reactivation and optimization plan aimed at near-term production growth and cash flow improvement.
• Prospera also reported the remediation of 311 regulatory non-compliances over the past 12 months and highlighted the scheduled closing of its convertible debenture offering on December 14, 2025.

Key Details

• Pipeline Projects Completed:
  • Two replacement and integrity-upgrade pipelines in the Cuthbert field.
  • One pipeline replacement project in the Hearts Hill field.
  • All projects reached mechanical completion and are now in service.
• Operational Impact:
  • Several injector wells have been returned to operation.
  • Producer wells have been brought on line in a staged and strategic manner.
  • Upgrades designed to enhance safety, reduce downtime, and support improved production performance.
• Winter Capital Program (2025/2026):
  • Includes a 42-well reactivation and optimization plan.
  • Luseland: Initiate targeted reactivations.
  • Hearts Hill: Proceed with scheduled workovers.
  • Cuthbert: Include packer repairs and restart of suspended wells.
  • Goal: Improve production reliability, strengthen near-term cash flow, and support operational/financial objectives.
• Regulatory Compliance:
  • Remediation of 311 regulatory non-compliances completed over the past 12 months.
• Financing Update:
  • Convertible debenture offering remains scheduled to close on December 14, 2025.
  • Proceeds expected to support the winter capital program and improve long-term economic outcomes.
  • Investor interest described as "positive."

Notable Quotes

• "Completion of these pipeline upgrades marks a pivotal and transformational step forward for Prospera," said Shubham Garg, chief executive officer. "With these projects now in service, we are able to advance our winter capital program and bring additional production on line with greater consistency and efficiency backed by reliable cash flow from our low-decline production base."