Prospera Energy Inc. Announces Impressive 2024 Year-End Reserves

Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) has announced its 2024 year-end reserves, showcasing significant growth and a strong position in the energy sector. The company's reserves and future net revenue were independently evaluated by InSite Petroleum Consultants Ltd. (InSite) in accordance with the Canadian Oil and Gas Evaluation Handbook (COGEH) standards. Here's a breakdown of the key highlights and implications for Prospera Energy's production, cash flow, and growth potential:



Reserves Growth:
- Proven Developed Producing (PDP) reserves increased by 54.4% to 6,793 Mboe (98% liquids).
- Total Proved (1P) reserves grew by 40.9% to 6,068 Mboe.
- Total Proved Plus Probable (2P) reserves expanded by 25.7% to 6,793 Mboe.

NPV Before Tax Increase:
- PDP reserves NPV before tax increased by 3% to $28.0MM at a 10% discount rate.
- PDNP reserves NPV before tax doubled to $18.9MM at a 10% discount rate.
- 1P reserves NPV before tax rose by 24% to $111.4MM at a 10% discount rate.
- 2P reserves NPV before tax grew by 20% to $159.3MM at a 10% discount rate.

Production, Cash Flow, and Growth Potential:
- Prospera's 2P reserves life index (RLI) increased by 5% to 31.7 years, indicating a strong growth outlook.
- The company's 2P finding and development (F&D) costs of $10.59/boe are competitive with its peers, suggesting efficient capital deployment.
- Prospera's net asset value per share increased to $0.28 at a 10% discount rate, reflecting the company's attractive valuation and growth potential.

Prospera Energy's 2024 year-end reserves position the company favorably in terms of production, cash flow, and growth potential compared to its peers in the energy sector. The company's significant growth in reserves, improved cash flow, and competitive F&D costs indicate a strong outlook for Prospera Energy's future performance. As the company continues to execute its strategic vision and development plans, investors can expect Prospera Energy to maintain its momentum and deliver value for shareholders.

In conclusion, Prospera Energy Inc.'s 2024 year-end reserves announcement demonstrates the company's strong position in the energy sector, with significant growth in reserves and improved cash flow. As the company continues to execute its strategic vision, investors can expect Prospera Energy to maintain its momentum and deliver value for shareholders.