Prospera Energy (PEI) Company presentation summary

Strategic outlook and operational focus

• Targeting gross production above 1,000 bpd at first point of sale, with enhanced cash flow and operational efficiencies to strengthen financial position and expand financing options.

• Production optimization through waterflood pattern enhancement, well reactivation, and proactive maintenance programs.

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

• Commitment to timely, transparent investor communications and reliable financial disclosures.

Asset base and reserves

• Operates 100% in Canada with 400MM barrels in place and only 8% recovered, indicating significant upside.

• 2024 year-end 1P reserves: 4,792 MBOE; 2P reserves: 6,793 MBOE; before-tax NPV10 of CAD $111.4M (1P) and $159.3M (2P).

• Reserve life index: 26.7 years (1P), 31.7 years (2P); NAV/share: $0.17 (1P), $0.28 (2P).

• Net asset value per share (2P): $0.37; trading price: $0.05/share, highlighting potential value gap.

Key producing assets and strategies

• Cuthbert: 100% WI, multi-zone, focus on injection optimization, well reactivation, and infrastructure upgrades; 2P reserves: 3,039 MBOE, NPV10 (BT): $85M.

• Luseland: 100% WI, largest OOIP (70% of company), targeting Bakken and Waseca zones; 2P reserves: 1,151 MBOE, NPV10 (BT): $22M.

• Hearts Hill: 100% WI, multi-zone, waterflood analogues, JV opportunities; 2P reserves: 2,010 MBOE, NPV10 (BT): $54M.

• All assets employ advanced recovery techniques and ongoing workover programs to boost margins and cut costs.