Prospera Energy (PEI) investor relations material

Strategic outlook and operational focus

• Targeting gross production above 1,000 bpd with enhanced cash flow through operational efficiencies and higher netbacks to strengthen financial position and expand financing options.

• Production optimization via waterflood pattern improvements, reservoir management, and reactivation of existing wells.

• Cost efficiencies driven by reduced fixed costs, disciplined G&A control, and vendor alignment.

• Enhanced cash flow and financial certainty to support capital deployment and access to financing.

• Commitment to increased investor communication and timely financial disclosures.

Asset portfolio and reserves

• Operates 100% in Canada with 400MM barrels in place and 8% recovered, focusing on scalable upside and development opportunities.

• 2025 year-end 1P reserves: 6,154 MBOE; 2P reserves: 8,884 MBOE; NPV10 (before tax): CAD $130.6M (1P), CAD $202.0M (2P).

• Reserve life index: 40.7 years (1P), 50.0 years (2P); NAV/share: CAD $0.15 (1P), CAD $0.28 (2P).

• Advanced recovery techniques include waterfloods, polymer flood, and EOR.

Key asset highlights

• Cuthbert: 100% WI, multi-zone, focus on injection optimization, well reactivation, and infrastructure upgrades; 1P reserves: 2,214 MBOE, NPV10: $56M.

• Luseland: 100% WI, largest OOIP (70% of company), targeting Bakken and Waseca zones; 1P reserves: 1,306 MBOE, NPV10: $29M.

• Hearts Hill: 100% WI, multiple producing zones, waterflood analogues, and uphole potential; 1P reserves: 1,634 MBOE, NPV10: $44M.

• Recovery factors across pools range from 4% to 11%, with significant upside from reactivation and optimization programs.