Prospera Energy Inc. Announces 2021 Year-End Reserves CALGARY, Alberta, May 27, 2022 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (PEI) (TSXV:PEI)(OTC:GXRFF)(FRA:0F6B) announces December 31, 2021 year-end reserves independently assessed by InSite Petroleum Consultants Ltd. (“InSite”). The restructured PEI conducted a full geological delineation substantiated by existing 3-D interpretation. The Insite report confirms PEI assessment of the significant oil in place of 387.9Mbbl (Table 8), mainly in core PEI assets (>42,000 acres) located in Southwest and West-Central Saskatchewan. The historical production has accounted for only 8.6% recovery of 33.2Mbbl from vertical wells. These wells still have significant remaining proven reserves of 3,880 Mbbl gross, 2,808 Mbbl net, and a reserve life index of 23-years.