Latest news with #Prospera
Hindustan Times
7 days ago
- Business
- Hindustan Times
Reimagining DBT for education
Every year, as school terms begin across India, millions of mothers quietly become financiers of their children's futures. An alert from the bank confirms that the government has deposited a subsidy into their account—meant for books, uniforms, and tuition. In that moment, a welfare policy meets a parent's promise. The implementation of India's Direct Benefit Transfer (DBT) model in school education has taken a unique approach to welfare by shifting trust and choice to families - an act rooted in ensuring dignity. Yet this move towards efficiency and inclusion leaves a critical question unanswered: how do we ensure that this money meant for education is actually spent as intended? The scale of education-linked DBT programmes in India is significant. Several states allocated large amounts to such schemes including Uttar Pradesh ( ₹1,000 crore in 2024-25) and Gujarat ( ₹313 crore in 2025) among others. These programmes mirror international examples—Mexico's Prospera, Brazil's Bolsa Família, and Bangladesh's Female Secondary School Assistance Programme—where direct cash transfers have supported educational outcomes through both conditional and unconditional models. While these programmes seem powerful, their success relies not just on disbursal but also appropriate usage of funds and this is where the gap lies. In 1985, former Prime Minister Rajiv Gandhi had said that of every rupee spent by the government, only 15 paise reached the beneficiary. Now, DBT is streamlining subsidy delivery and improving transparency in the disbursal of funds in India saving ₹3.48 lakh crore up till March 2023. However, tracking and monitoring final spending still remains a blind spot. This is especially important when the total expenditure under such schemes across sectors now crosses crores annually ( ₹7.05 lakh crore in FY 24-25). Without expenditure visibility, we lose the opportunity to generate data-driven insights about the impact of government subsidies. This is especially true where support intended for school supplies or tuition may be redirected towards other pressing household needs. So, we are left asking: How do we translate financial transfers into educational outcomes? India has already begun solving similar challenges in other segments through tech-enabled systems. The e-RUPI digital voucher system, introduced by the National Payments Corporation of India (NPCI), offers such a blueprint. This is a pre-paid, purpose-specific digital instrument that does not require a bank account for the transfer of benefits and can only be redeemed for approved goods or services from designated service providers. A successful pilot in the fertiliser sector saw farmers receiving e-RUPI vouchers ( ₹100,000 for government schemes and ₹10,000 for private entities). This has facilitated real-time tracking of voucher redemption and reduced misuse by restricting the subsidy to its intended purpose. With a successful pilot in this sector, the question is: why can't we apply the same principle to educational subsidies? Now imagine mothers receiving vouchers as QR codes or SMS messages that could be redeemed for school supplies, tuition, transportation, nutrition supplements, or even health check-ups. A free hand to address the needs of their children will enable them to retain control and choice but within a framework that ensures the subsidy fulfills its purpose. This offers three major advantages: · Expenditure tracking: Governments can analyse how funds are used, enabling better planning. · Leakage prevention: Vouchers cannot be diverted for unrelated purchases. · Behavioural nudges: Tying funds to specific usage nudges families to invest in their child's education. While the concept of purpose-restricted DBT is promising, any shift in welfare architecture must be implemented with political and social sensitivity. Any abrupt overhaul of existing schemes risks triggering resistance or unintended fallout while a phased approach may offer a politically viable transition. For instance: ● Year 1: Introduce purpose-linked vouchers for 10–20% of the total DBT amount. ● Year 2: Expand this proportion to 30–40%, based on feedback from beneficiaries and system stability. ● Year 3 onward: Aim for a target composition of 80% vouchers and 20% cash, ensuring most of the support goes directly into education-related spending This phased approach accounts for the time mothers, vendors, and administrators may need to adjust while giving policymakers space to refine systems based on empirical evidence. India is uniquely placed to implement this reform. The administrations have already built core digital infrastructure—such as UPI, DigiLocker, and the JAM trinity (Jan Dhan accounts, Aadhaar, and mobile numbers)—that can be leveraged to roll out the e-vouchers at scale. With collaboration between National Payments Corporation of India (NPCI), state governments, and education departments, state-specific voucher ecosystems can be created without starting from scratch. Most importantly, e-RUPI (used to disburse fertilizer subsidies) does not require smartphones or internet access. It can work on basic phones using SMS, making it inclusive for rural and low-income households. However, a common concern with any technology-driven model is access. To address this, governments can earmark the first tranche of DBT funds to help eligible households acquire a basic mobile phone through direct provisioning or installment-based payments. This could ensure that no child is left behind due to lack of access to the very device that enables the benefit. A redesigned DBT framework that retains trust and empowerment while adding a layer of expenditure fidelity is both necessary and achievable as seen in the pilot programmes. For every ₹100 spent on DBT, we must ask: did this contribute to a child's book, bus pass, nutrition, tutoring, or health care? If we can't answer that question, we fail to connect public spending to public good. The era of DBT has rightfully shifted the conversation from welfare delivery to ensuring lives of dignity. The next leap must be from transfer to transformation. Because when that alert pings on a mother's phone, it should do more than confirm a deposit. It should signal a system that trusts her, supports her, and helps empower her child. This article is authored by Praveen Prakash, former principal secretary, School Education, Government of Andhra Pradesh.
Yahoo
21-05-2025
- Business
- Yahoo
Prospera Energy Announces Financing & Operations Update and Q1 2025 Financials
CALGARY, Alberta, May 21, 2025 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) ('Prospera', 'PEI' or the 'Corporation') Financing UpdateProspera Energy is pleased to announce it has secured commitments for $3 million, with a substantial portion coming from company insiders through the recently announced convertible debenture and existing financing instruments. The funding is specifically earmarked for the recently initiated capital program and will be released in multiple tranches. This financing reflects strong internal alignment and confidence in Prospera's strategic business plan. The capital injection accelerates the Corporation's operational plans and positions it for continued production growth momentum throughout the summer. The recently announced convertible debenture offering remains open, presenting a timely opportunity for investors to participate alongside insiders as Prospera advances its execution strategy. Operational Update Service rig activity has begun at Cuthbert, with capital allocated to five well workovers (including a high impact horizontal well remediation from the 2023 drilling program), multiple water injector cleanouts and continued infrastructure upgrades. At Luseland, a five-well reactivation program is planned with equipment ordered and preparations started to build five single well batteries ('SWB'). The polymer flood pilot site has been finalized following reservoir analysis, injection capability & compatibility assessments, and source water confirmation. Lab and core analysis is now in progress with leading polymer partners as Prospera advances toward execution. Prospera has completed its Q1 2025 reserves update, which reflect a $5 million increase in PDP reserves, now totaling $33 million —strengthening net asset value and capital-raising capacity. Live Webinar to Accompany Q1 2025 Financial ResultsStakeholders are encouraged to join Prospera Energy for a live investor webinar on May 22nd, 2025, at 10:00 AM MST, where management will review Q1 2025 financial results, key operational milestones, and the Company's strategic direction: Click here to register. Q1 2025 Financials In the first quarter of 2025, Prospera deployed $2.3 million of reactivation focused capital towards twenty-seven wells within its core, 100% owned Hearts Hill and Luseland properties. This program resulted in an additional production capability of 249 boe/d at an average capital efficiency of $9,317/boe. The full benefit of the Q1 capital program is expected to be realized in Q2 with all of the wells being online. Additionally, Prospera successfully advanced several strategic initiatives during the quarter, including: 1) Secured Additional Term Debt FundingObtained $3.3 million in additional advances pursuant to the term debt financing agreement executed in July 2024. This strategic funding enhances liquidity and supports the Corporation's ongoing development and optimization programs. 2) Acquisition of White Tundra PetroleumOn March 6, 2025, the Corporation entered into an agreement to acquire 100% of the issued and outstanding common shares of White Tundra Petroleum ('WTP'), whose assets are located near Loyalist and Hanna, related party transaction—due to the Corporation's Executive Chairman also serving as WTP's CEO and a shareholder—includes consideration of 18,000,000 Prospera common shares, contingent upon WTP achieving 85 boe/d for three consecutive days, and the assumption of $645,000 in debt. An additional 7,312,500 performance-based shares may be issued if production reaches 128 boe/d for seven consecutive days within six months of closing. The transaction, subject to TSXV approval, is expected to close on June 1, 2025. 3) Convertible Debt SettlementOn March 6, 2025, the Corporation reached a settlement agreement with the holders of $1,500,000 in convertible debt maturing on March 26, 2025. The agreement includes: Refinancing the principal into a 12-month, $1,500,000 promissory note bearing 12% interest, with $250,000 monthly repayments beginning six months post-issuance. Interest will be paid as a balloon payment at the end of the term. $200,000 of the total $559,375 accrued interest payable on the convertible debentures will be settled through the issuance of a 12-month convertible note bearing 12% interest, convertible into common shares of the Corporation at $0.05 per share. The Corporation retains the right to settle the convertible note in cash by providing thirty days notice, during which time the holder retains the right to convert. the remaining $359,375 of accrued interest payable will be settled through the issuance of 8,984,371 common shares of the Corporation at a deemed price of $0.04 per share, subject to TSXV acceptance. 4) Corporate Workforce OptimizationProspera completed a workforce optimization initiative that streamlined corporate decision-making and improved operational efficiency. This resulted in reductions in staffing, office, software, parking, and other G&A-related costs. Operational highlights for Q1 2025 are as follows: PEI realized average net sales of 660 boe/d in Q1 2025, an increase of 3% from Q1 2024 net sales of 640 boe/d; an increase of 6% from Q4 2024 net sales of 625 boe/d . Sales revenue was $4,598,472 ($77.33/boe) in Q1 2025 compared to $3,932,190 ($67.44/boe) in Q1 2024, representing a 17% increase. Operating costs per boe increased 54% in Q1 2025 at $59.46 per boe compared $38.69 per boe in Q1 2024. Costs were higher due to multiple unplanned electricity outages, one-time infrastructure and road upgrades, bringing field equipment to baseline operating conditions followed by enhanced maintenance programs, health and safety upgrades, and additional costs associated with extreme cold weather experienced during the quarter. PEI earned an operating netback of $627,266 ($10.55/boe) in Q1 2025 compared to $1,608,373 ($27.56/boe) in Q1 2024; $153,901 ($2.68/boe) in Q4 2024. About ProsperaProspera Energy Inc. is a publicly traded Canadian energy company specializing in the exploration, development, and production of crude oil and natural gas. Headquartered in Calgary, Alberta, Prospera is dedicated to optimizing recovery from legacy fields using environmentally safe and efficient reservoir development methods and production practices. The company's core properties are strategically located in Saskatchewan and Alberta, including Cuthbert, Luseland, Hearts Hill, and Brooks. Prospera Energy Inc. is listed on the TSX Venture Exchange under the symbol PEI and the U.S. OTC Market under GXRFF. Prospera reports gross production at the first point of sale, excluding gas used in operations and volumes from partners in arrears, even if cash proceeds are received. Gross production represents Prospera's working interest before royalties, while net production reflects its working interest after royalty deductions. These definitions align with ASC 51-324 to ensure consistency and transparency in reporting. It is important to note that BOEs (barrels of oil equivalent) may be misleading, particularly if used in isolation. The BOE conversion ratio of 6 Mcf:1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. For Further Information: Shawn Mehler, PR Email: investors@ Chris Ludtke, CFOEmail: cludtke@ Shubham Garg, Chairman of the BoardEmail: sgarg@ FORWARD-LOOKING STATEMENTSThis news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as 'will,' 'may,' 'should,' 'anticipate,' 'expects' and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Although Prospera believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prospera can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Prospera. As a result, Prospera cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward- looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and Prospera does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law. Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Yahoo
13-05-2025
- Business
- Yahoo
Natera, Inc. (NTRA): A Bull Case Theory
We came across a bullish thesis on Natera, Inc. (NTRA) on Substack by FJ Research. In this article, we will summarize the bulls' thesis on NTRA. Natera, Inc. (NTRA)'s share was trading at $162.57 as of May 8th. A doctor in a medical laboratory wearing a protective suit and a face mask, running a molecular diagnostic test. Natera is emerging as one of the most pivotal companies in the transformation of global healthcare, and its significance has not gone unnoticed by legendary investor Stanley Druckenmiller—who has made it his largest position. Known for his nearly unmatched track record, including 30%+ annual returns over decades and prescient bets on tech, AI, and energy, Druckenmiller only invests his own capital and swings hard when the upside far outweighs the risk. His conviction in Natera is a signal worth paying close attention to. When someone with his foresight and discipline makes such a concentrated bet, it suggests the company's long-term potential may be vastly underappreciated by the broader market. Natera specializes in non-invasive, DNA-based diagnostic testing with a mission to shift healthcare from reactive treatment to proactive detection. Its key platforms—Signatera™ for monitoring cancer recurrence, Prospera™ for transplant rejection, and Panorama™ for prenatal screening—are category-defining technologies. These aren't incremental improvements; they're transformative solutions targeting massive, underserved markets. Signatera leads in the fast-growing minimal residual disease (MRD) space, helping detect cancer recurrence earlier than traditional methods. Prospera offers real-time organ transplant health monitoring, while Panorama is already widely used in prenatal care. Together, these platforms could reshape how millions are diagnosed and treated. The company is growing rapidly, backed by years of research and clinical validation. Natera's diagnostics are gaining traction in mainstream medical practice, and institutional confidence is high—early backing from Sequoia Capital reinforces its credibility. Beyond technology, Natera's founding story adds emotional weight to its mission. Founder Matthew Rabinowitz launched the company after losing a family member to a preventable genetic condition, fueling his drive to bring early detection into the medical mainstream. That personal origin is reflected in the company's culture and long-term vision. Despite operating in a highly technical and regulated industry, Natera's business is increasingly about inevitability. AI and computational biology are finally disrupting healthcare, and Natera is at the center of this shift. The company's addressable market is vast, especially in oncology, where early detection can dramatically improve outcomes and lower costs. For investors, this represents a rare opportunity: a company with real-world impact, strong growth, deep competitive moats, and the endorsement of one of the greatest investors of our time. Druckenmiller's high-conviction bet highlights what's at stake—and why Natera may be one of the most essential and undervalued healthcare companies of the next decade. Natera, Inc. (NTRA) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 77 hedge fund portfolios held NTRA at the end of the fourth quarter which was 62 in the previous quarter. While we acknowledge the risk and potential of NTRA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NTRA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
Yahoo
12-05-2025
- Business
- Yahoo
Prospera Energy Announces Convertible Debt Private Placement and Operations Update
CALGARY, Alberta, May 12, 2025 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) ("Prospera", 'PEI' or the "Corporation") Convertible Debt OfferingProspera Energy Inc. ("Prospera" or the "Corporation") intends to raise up to $2,000,000 by way of non-brokered private placement. Funds will be raised by offering 12% convertible debentures with the principal amount convertible at $0.05 in the first year and $0.10 in the second year. Applicable interest will be payable in cash or shares at the Corporation's discretion. Issuer: Prospera Energy Inc. ('Prospera' or the 'Corporation'). Issue: Convertible Debenture with a two-year term. Offering Amount: $2,000,000 CAD (the 'Offering'). Conversion Price: $0.05 if converted within the first year and $0.10 if converted in year two; convertible into units consisting of one common share and one warrant exercisable into another common share at $0.075 for a period of two years from initial closing. The Company reserves the right to force conversion in the event that the shares of the Company trade at $0.125 for a period of ten days or more. Underlying Shares: Common shares of the Company listed on the TSX Venture Exchange under the symbol PEI (the 'Common Shares'). Use of Proceeds: Prospera intends to use the net proceeds of the offering for well reactivation, production optimization, strategic acquisitions and working capital. Interest: 12% interest calculated quarterly and paid at maturity, or conversion date, whichever comes first. Interest may be paid in cash or in shares at the then market price, at the Company's discretion. Dividend Adjustment and Anti-Dilution: The conversion price and warrants will also be subject to standard anti-dilution adjustments upon, inter alia, share consolidations, share splits, spin-off events, rights issues, and reorganizations. Offering Basis: Non-brokered private placement offering. Target Close Date: On or before May 31, 2025. Security The convertible debenture will be secured by a second-priority lien, subordinate to existing senior debt; pari passu. Finders Fees The Company may pay qualified finders a fee of 7% cash and 7% warrants. The convertible debt offering has lead commitments from PEI insiders and the funds will be used for well reactivations, production optimization, strategic acquisitions, and working capital. Interested parties are urged to contact Prospera directly for further information on this program. The securities will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. A finder's fee in cash and/or warrants may be paid to eligible finders in relation to this financing. These private placements are offered in jurisdictions where the Corporation is legally allowed to do so. Balance Sheet Consolidation: In addition to the private placement offering, the Corporation is proceeding on initiatives with multiple parties to consolidate its balance sheet under one senior secured debt instrument, allowing the corporation flexibility on capital options and ability to proceed on its business plan through access to incremental working capital. Funds from this private placement along with additional capital sourced through existing financing instruments will aid the company in achieving higher production levels, sustainable cash flow and increased PDP reserves to support this debt consolidation. Netback Enhancement:As part of the corporation's strategic review on oil marketing and sales points, ~20% of the Company's oil production has now been allocated to a committed asphalt (seasonal) sales agreement for May – August which improves netbacks through optimization of sales pricing and transportation efficiencies. Service Rig Update:Following spring break-up conditions, Prospera has mobilized a service rig to its Cuthbert property for a multi-well program which is expected to further increase production. The program is a continuation of the Company's strategy of low cost, reliable workovers and waterflood optimization in its core assets. Additionally, this service rig program improves monitoring of reservoir response in preparation for the upcoming pipeline projects intended to unlock further injection and production capacity. Polymer Flood Pilot:The company has now identified three locations for its polymer flood pilot in the Luseland pool, and is working to confirm the final location where the initial pilot skid and injection will be located. Reservoir simulation, core testing and polymer viscosity modelling are being performed simultaneously to ensure optimal polymer injection. Q1 2025 Financial Statements:The Company expects to release its Q1 2025 Financial Statements on May 21st, 2025, to be followed by an investor conference call on May 22nd, 2025 at 10 am MST. Investors and interested parties can register for the Q1 2025 live webinar using the following link. About ProsperaProspera Energy Inc. is a publicly traded Canadian energy company specializing in the exploration, development, and production of crude oil and natural gas. Headquartered in Calgary, Alberta, Prospera is dedicated to optimizing recovery from legacy fields using environmentally safe and efficient reservoir development methods and production practices. The company's core properties are strategically located in Saskatchewan and Alberta, including Cuthbert, Luseland, Hearts Hill, and Brooks. Prospera Energy Inc. is listed on the TSX Venture Exchange under the symbol PEI and the U.S. OTC Market under GXRFF. Prospera reports gross production at the first point of sale, excluding gas used in operations and volumes from partners in arrears, even if cash proceeds are received. Gross production represents Prospera's working interest before royalties, while net production reflects its working interest after royalty deductions. These definitions align with ASC 51-324 to ensure consistency and transparency in reporting. It is important to note that BOEs (barrels of oil equivalent) may be misleading, particularly if used in isolation. The BOE conversion ratio of 6 Mcf:1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. For Further Information: Shawn Mehler, PR Email: investors@ Chris Ludtke, CFOEmail: cludtke@ Shubham Garg, Chairman of the BoardEmail: sgarg@ FORWARD-LOOKING STATEMENTSThis news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as 'will,' 'may,' 'should,' 'anticipate,' 'expects' and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Although Prospera believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prospera can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Prospera. As a result, Prospera cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward- looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and Prospera does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law. Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Hamilton Spectator
12-05-2025
- Business
- Hamilton Spectator
Prospera Energy Announces Convertible Debt Private Placement and Operations Update
CALGARY, Alberta, May 12, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) ('Prospera', 'PEI' or the 'Corporation') Convertible Debt Offering Prospera Energy Inc. ('Prospera' or the 'Corporation') intends to raise up to $2,000,000 by way of non-brokered private placement. Funds will be raised by offering 12% convertible debentures with the principal amount convertible at $0.05 in the first year and $0.10 in the second year. Applicable interest will be payable in cash or shares at the Corporation's discretion. The convertible debt offering has lead commitments from PEI insiders and the funds will be used for well reactivations, production optimization, strategic acquisitions, and working capital. Interested parties are urged to contact Prospera directly for further information on this program. The securities will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. A finder's fee in cash and/or warrants may be paid to eligible finders in relation to this financing. These private placements are offered in jurisdictions where the Corporation is legally allowed to do so. Balance Sheet Consolidation: In addition to the private placement offering, the Corporation is proceeding on initiatives with multiple parties to consolidate its balance sheet under one senior secured debt instrument, allowing the corporation flexibility on capital options and ability to proceed on its business plan through access to incremental working capital. Funds from this private placement along with additional capital sourced through existing financing instruments will aid the company in achieving higher production levels, sustainable cash flow and increased PDP reserves to support this debt consolidation. Netback Enhancement: As part of the corporation's strategic review on oil marketing and sales points, ~20% of the Company's oil production has now been allocated to a committed asphalt (seasonal) sales agreement for May – August which improves netbacks through optimization of sales pricing and transportation efficiencies. Service Rig Update: Following spring break-up conditions, Prospera has mobilized a service rig to its Cuthbert property for a multi-well program which is expected to further increase production. The program is a continuation of the Company's strategy of low cost, reliable workovers and waterflood optimization in its core assets. Additionally, this service rig program improves monitoring of reservoir response in preparation for the upcoming pipeline projects intended to unlock further injection and production capacity. Polymer Flood Pilot: The company has now identified three locations for its polymer flood pilot in the Luseland pool, and is working to confirm the final location where the initial pilot skid and injection will be located. Reservoir simulation, core testing and polymer viscosity modelling are being performed simultaneously to ensure optimal polymer injection. Q1 2025 Financial Statements: The Company expects to release its Q1 2025 Financial Statements on May 21st, 2025, to be followed by an investor conference call on May 22nd, 2025 at 10 am MST. Investors and interested parties can register for the Q1 2025 live webinar using the following link . About Prospera Prospera Energy Inc. is a publicly traded Canadian energy company specializing in the exploration, development, and production of crude oil and natural gas. Headquartered in Calgary, Alberta, Prospera is dedicated to optimizing recovery from legacy fields using environmentally safe and efficient reservoir development methods and production practices. The company's core properties are strategically located in Saskatchewan and Alberta, including Cuthbert, Luseland, Hearts Hill, and Brooks. Prospera Energy Inc. is listed on the TSX Venture Exchange under the symbol PEI and the U.S. OTC Market under GXRFF. Prospera reports gross production at the first point of sale, excluding gas used in operations and volumes from partners in arrears, even if cash proceeds are received. Gross production represents Prospera's working interest before royalties, while net production reflects its working interest after royalty deductions. These definitions align with ASC 51-324 to ensure consistency and transparency in reporting. It is important to note that BOEs (barrels of oil equivalent) may be misleading, particularly if used in isolation. The BOE conversion ratio of 6 Mcf:1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. For Further Information: Shawn Mehler, PR Email: investors@ Chris Ludtke, CFO Email: cludtke@ Shubham Garg, Chairman of the Board Email: sgarg@ FORWARD-LOOKING STATEMENTS This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as 'will,' 'may,' 'should,' 'anticipate,' 'expects' and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Although Prospera believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prospera can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Prospera. As a result, Prospera cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward- looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and Prospera does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law. Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
