12:05 PM EST, 02/03/2025 (MT Newswires) -- (Updates shares.)

Prospera Energy ( GXRFF ) late on Friday said it is refining its production reporting process to improve consistency and transparency for shareholders.

Prospera has defined gross production as its working interest, operated or non-operated, before the deduction of royalties, excluding any royalty interests it holds.

Net production represents the company's working interest, operated or non-operated, after deducting royalty obligations, including any royalty interests in production or reserves.

Prospera will also report gross production at the first point of sale. As a result, production figures will exclude produced gas at the wellhead that is used in operations and production volumes from partners who ware in arrears, even when the company realizes cash proceeds from these volumes.

Prospera updated its previously reported production figures to align with this reporting framework and standardized definitions.

The reported 686 barrels of oil equivalent per day (boe/d) for November 2024 represented wellhead production at 100% working interest, including joint venture partner production. Prospera's gross production at the first sales point over the same period was 529 boe/d.

The reported 803 boe/d for Dec. 1-10, 2024, represented wellhead production at 100% working interest, including JV partner production. Prospera's gross production at the first sales point over the same period was 622 boe/d.

The 661 boe/d reported for December 2024 reflects gross production at the first sales point.

The 682 boe/d reported for Jan. 1-19, 2025, reflects gross production at the first sales point.

Prospera shares were last seen down $0.005 to $0.04 on the TSX Venture Exchange.