Legacy Fields, Modern Solutions

Modern

Unlocking overlooked assets to drive value and deliver compelling returns

Unlocking overlooked assets to drive value and deliver compelling returns

Operations

  • Core properties including Cuthbert, Luseland, Hearts Hill, and Brooks.
  • 400MM barrels of oil in place.~ 8% recovered with old vertical well technology.
  • Focuses on compatible technical applications.
  • Aspiring to provide a positive perception for the oil & gas industry.
A black and white map of the united states.
Hearts Hill
Hearts Hill
Hearts Hill
Canada

WI = 100%, multiple producing zones (Bakken oil, Sparky oil) with waterflood analogues. Asset Strategy: Producer-to-injector conversion and recompletion for secondary recovery

Brooks
Brooks
Brooks
Canada

25-30 API, 1 MMbbl analogues, new pool development, 2 hours from Calgary. Asset Strategy: Optimization by acid fracking and dewaxer, pressure support with waterflood

Luseland
Luseland
Luseland
Canada

WI = 100%, largest OOIP (70% of company), targetting multi zone oil (Bakken, Waseca) with recompletion for fuel / sales gas. Asset Strategy: IOR / EOR (hot water, steam, polymer), recompletion for uphole potential

Cuthbert
Cuthbert
Cuthbert
Canada

WI = 86%, Multi-Zone Inventory (Basal Mannville oil, Viking gas, Colony gas). Asset Strategy: Water Management to Improve Sweep Efficiency

Consort
Consort
Consort
Canada

WI = 100%, Mannville Dina waterfloods with low-decline 28° API oil. Asset strategy: waterflood optimization and reactivations with EOR potential

Hanna
Hanna
Hanna
Canada

WI = 90%, Banff wells connected to natural fractures producing low-decline 31° API oil. Asset strategy: production optimization through casing gas compression and dewaxing, with high-impact reactivations

Prospera Energy Inc. is a publicly traded Canadian energy company specializing in the exploration, development, and production of crude oil and natural gas.

Calgary-based Prospera enhances legacy field recovery using safe, efficient methods. Core properties in Saskatchewan and Alberta include Cuthbert, Luseland, Hearts Hill, and Brooks. Listed on TSX Venture (PEI) and U.S. OTC (GXRFF).

Our Leadership Team

Shubham Garg

Shubham Garg

Executive Chairman & CEO
Oil entrepreneur with deep technical expertise, 10 years of operational experience, and a proven capital-markets track record. He has led complex energy projects across engineering, service providers, and strategic investors. Shubham drives sustainable growth, operational efficiency, and shareholder value.
Darren Jackson

Darren Jackson

Chief Operating Officer
Professional engineer with 30 years of leadership in oil and gas operations, engineering, and production. He has guided E&P teams across Western Canada and offshore assets. Darren leads field operations, innovation, and operational excellence.
Chris Ludtke

Chris Ludtke

Chief Financial Officer
Finance executive with 20 years in heavy oil, upstream operations, and strategic planning. Previously spent 12 years at Husky Energy focused on thermal and CHOPS economics and multi-year capital planning. At Prospera, he leads finance and strategy for redeveloping Saskatchewan’s legacy heavy-oil fields.
Peter Chung

Peter Chung

Sr. Reservoir Engineer
Senior Reservoir Engineer with 18 years of experience in reservoir management and EOR. A Ph.D. in Chemical Engineering, he has led reserve optimization strategies and recovery improvement pilots. Peter drives reservoir modeling, EOR planning, and asset-level technical strategy.

Our Board Members

Shubham Garg

Shubham Garg

Executive Chairman & CEO
Oil entrepreneur with deep technical expertise, 10 years of operational experience, and a proven capital-markets track record. He has led complex energy projects across engineering, service providers, and strategic investors. Shubham drives sustainable growth, operational efficiency, and shareholder value.
Matthew Kenna

Matthew Kenna

Director CMA, CPA
Matthew Kenna has over 30 years of experience leading organizations, driving efficiencies, and growing profitability. As a CPA, CMA, he spent 15 years at KUDU Industries, scaling revenue from $35M to $150M by optimizing financial operations, fostering financing arrangements, and strengthening client relationships. With extensive expertise in business turnarounds and operational efficiencies, Matthew has a strong track record of fiscal success and deep connections in Calgary’s finance community.
Mark Lacey

Mark Lacey

Director BA
Mark Lacey is an entrepreneur and investor with 20 years of experience in public and private markets. He is the President of a Central Alberta-based family office and a graduate of the Canadian Securities Institute and Red Deer College’s Business Administration program. Mark specializes in portfolio management, capital markets, and strategic growth, leveraging his deep knowledge of financial markets to identify and execute high-value investment opportunities.
Brian McConnell

Brian McConnell

Director P.Eng, BSc, Exec. MBA
Brian McConnell brings 47 years of oilfield experience spanning Heavy Oil, Light Oil, and Natural Gas exploration and production. He has worked across the Western Canadian Basins, including consulting in the Arctic Islands for PanArctic Oils. His leadership at Saskoil, Wascana Energy, Murphy Oil, and Tundra Oil & Gas contributed to significant production growth, including increasing Tundra’s output from 4,000 to 28,000 bbls/d. Brian currently serves as President of 1101391 Alberta (Shallow Gas) and Highway Seven Resources (consulting).
Christopher Moore

Christopher Moore

Director B.Sc.
Christopher Moore is a seasoned entrepreneur and investor with over 30 years of experience building and scaling businesses. A graduate of the University of Ottawa (B.Sc., 1990), he leads a successful healthcare company and is a major shareholder in Prospera Energy. He brings deep expertise in oil and gas markets, a data-driven mindset, and strong insight into industry trends. Mr. Moore is also well-versed in corporate governance, with a commitment to transparency, accountability, and ethical leadership. His track record in strengthening governance and driving strategic growth makes him a key contributor to Prospera’s board.
Advancement Tracker

Workover Tracker & Key Wells Report – Jan 2026

Emergency Line

1-866-400-8539

Calgary Hotline

(403) 454-9010