07:14 AM EDT, 11/01/2024 (MT Newswires) -- Prospera Energy ( GXRFF ) on Friday appointed Shubham Garg as chairman, effective immediately.

Garg takes over from Mel Clifford who stepped down for personal reasons.

Prospera said Garg has influential connections within the financial industry, and a "sound understanding" of oil and gas operations, especially in Saskatchewan's heavy oil fields.

The company also reported that the recent medium-light oil drills have been completed, and production flow is beginning to reach the anticipated levels.