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Prospera Energy Announces Acquisition of White Tundra Petroleum, Operations Update, and Convertible Debt Repayment Terms

CALGARY, Alberta, March 06, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera“, “PEI” or the “Corporation“) White Tundra Acquisition Prospera Energy is pleased to announce a strategic acquisition aimed at expanding its asset portfolio of low-decline base production with significant production upside. The Corporation has entered into an agreement to acquire […]



Prospera Energy announced the acquisition of White Tundra Petroleum to expand its asset portfolio and production, assuming operational oversight and implementing a workover program. A performance-based bonus of shares will be issued if production targets are met. Additionally, Prospera reached an agreement to refinance its $1.5 million convertible debt and settle outstanding interest through a combination of promissory notes and convertible notes. Prospera's production exited February at 878 boe/d (94% oil).

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