Prospera Energy Inc. Achieves Strong Q2 Turnaround

Prospera Energy Inc (TSE:PEI) has released an update.

Prospera Energy Inc. reported a significant turnaround with a net income of $137,933 in Q2 2024, compared to a net loss in the previous year, driven by a 34% increase in production and a 69% surge in sales revenue. They also managed to reduce operating expenses per barrel by 11%, enhancing their operating netback, and improved their financial position by settling debts and entering into substantial financing agreements aimed at funding their development program.

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