08:51 AM EDT, 03/26/2025 (MT Newswires) -- Prospera Energy ( GXRFF ) , trading at 52-week lows, overnight Tuesday said the company completed thirty-two workovers and reactivations in the first quarter of 2025 before releasing service rigs for spring break-up on March 20.

The company also successfully closed the 10% working interest in each of the Hearts Hill, Luseland, and Cuthbert properties from an arm's length joint venture partner.

In connection with its warrant amendments, the expiry date for all 15.3 million warrants was extended by one year, now expiring on Feb. 14, 2026. The company said about 13.4 million of the 15.3 million warrants were repriced to $0.06, while about 2 million remain priced at $0.09. The company also introduced an accelerated expiry clause.

Prospera Energy ( GXRFF ) settled $72,765.48 in outstanding interest expense owed to debenture holders through the issuance of 1.5 million common shares at $0.05 per share.