Thanks for joining us, and we'll get started here. As always, some forward-looking statements here as a disclaimer that we will be discussing through this presentation. The first thing I want to discuss really is the revenue by quarter here. Q2 2026, I'm proud to say, was the top revenue quarter in Prospera's history in many, many years of the company operating in the heavy oil space. Over CAD 6 million of revenue was reported in the Q2 period. Over CAD 2 million per month is what we averaged, supported by a stabilized production base. Some of the key wells rising from the Luseland reactivation programs of 2025, and also obviously the higher pricing involved in the global geopolitical climate. Definitely a very strong quarter for us, both in terms of revenue and operating cash flow, which Chris will talk about here shortly. Also want to show the torque of the company to higher pricing is given the high fixed cost basis of the corporation. Every additional barrel and every additional dollar that we get above that price is effectively free cash flow other than the impact of royalties and transportation. Very excited to run this base and then scale the strategy from here onwards with the next batch of reactivations that we will be discussing. Also pleased to share that the service rig has started now again as of this morning on our Luseland field. I'll get started with one of our top wells here, the 10-07 Luseland well. We've been discussing this well for quite a few months now. Had stabilized in that 25 bbl-30 bbl per day range. There was a workover done due to some tubing erosion in that early March period. Got the well back online. You can see that staggered growth back up to that 25 bbl-26 bbl per day. Now we are pleased to report a new high on this well at 37 bbl per day. Seeing very strong production. This well is flow lined right to our battery, so there is no incremental trucking cost for the production rise here that we see, and also with the oil cut going up. Very pleased here. We'll be keeping this well here at this 36 bbl-37 bbl per day range for the moment. We'll be monitoring the well head cuts, we'll be monitoring the sand cuts, and also monitoring the fluid levels. The area that this 10-07 well is in does have some bottom water. We're not in a position to go in and just maximize speed. We're going to be very careful with how we take this well. As we will discuss later, the profitability on this well has been our top well yet, with the well's capital spend having been paid back 2x already since reactivation in early July of last year. Only 13 months ago, we have already achieved 2x payout. We'll be discussing some of those numbers here a bit later on. Then our fantastic 16-07 well. This one, just to remind investors, had come on at a pretty high water cut, then as we produced the water from the wormholes, we ended up getting higher and higher barrels, and the well ended up stabilizing in that 28 bbl-29 bbl per day range in early 2026. We saw some sand influx that had come in about that late Q1 timeframe. Ended up doing some flushby activity, really unlocked this well. We see it now back up to that 46 bbl, 47 bbl per day, making it our top reactivation. Despite this not having the top profitability yet, you can see how because it's at a higher barrels per day number now, we'll just continue to produce really high profitability and barrels as we continue going. As you can see here, in early July, we had another sand influx phase that we're still working through on this well's path to even higher and higher barrels as we go. Very pleased with the Section 7 performance. Some of the wells in our current reactivation program are also in Section 7, having seen the successes of these wells thus far. That brings us to our 10-08 well, the Steady Eddy riser, as we say. It's now up to the 30 bbl per day mark. We have discussed this well extensively. Has very little bottom water at the bottom of this. Produces at 60%-70% oil and five RPM speed- ups at a time. Slow oil cut rises over time. Nothing here we're doing that's absolutely groundbreaking. It's just consistent, proper production with optimizations as we see. As you can see, this graph here represents about a 13-month period. We do have to be patient with these wells to keep them online. You can see there's zero days of downtime over the last 10 months on this well, and that's exactly what we want to show. We don't want to be doing service rig activity. We don't want to be forced to do flushbys on these wells. We just want them to produce nice steady oil. Allows for reliability on the production numbers, also allows for reliability on the cash flow projections for the following month as we go. We do have additional wells in section eight as well, actually, quite a few of them, that are part of the current rig program of reactivations. Section 9 as well has been a big winner for us. The Luseland 03-09 has performed exceptionally. Very strong production out of this. A bit more sand content out of this well. You are seeing certain days with some downtime. Also still working on the field itself and understanding how the pool is reacting to the different kind of speed ups and activity that we do. Still very happy. As you can see, we had this well running consistently throughout the last winter with the enhanced insulation package and the heat tracing lines and the heat pump package that we put on, just continuing to monitor this well. There is some upside on this well that we haven't quite yet optimized for, still allowing that reservoir to just continue to produce at some of these higher sand cuts. As that sand cut starts to come down, we will start to optimize this well even more here into the late summer. Finally, our Steady Eddy production in Section 17, the section with the highest cumulative barrels on some of the wells through our field, upwards of 8%-9% recovery factor, and you can still see the wells performing very, very strongly. Some of these wells have been producing now for the last 40-50 years straight and still continue to produce that 10 bbl-12 bbl per day. We get the question from investors quite a bit about what is the longevity of these wells? How long can they produce for, what is the true decline rate? What we're seeing is the wells, once they get to that 10 bbl, 11 bbl, 12 bbl per day range, just continue to produce consistently at that. It also gives us confidence in the new reactivations that we're doing, that not only are they going to continue to rise, but there is the tank in the reservoir for us to continue producing, for a multi-decade period. All of that not just shows up in production and cash flow, but in our year-end reserve reports as we continue to grow the corporation, especially the Luseland pool from here on out. We'll get to some actual numbers here. We have here our top seven wells on the left side. We have the operating income from the wells, as well shown, as well as with the barrels. Then we have on the right side the payout of these wells. What we have seen here is that seven wells from our list here have already returned over 2x their reactivation capital, and the 10-07 has been a top performer with over CAD 370,000 of operating income on CAD 150,000 capital job that we did. Very exciting to see this, not just because of the early quick payout. During 2025, I remind investors, when oil prices were quite a bit lower, also the second payout, because that second payout allows you to go and finance the other reactivations that are currently part of our program. Very exciting to see this. We wanted to put this into exact numbers, so that investors can see this. There is an update of this, and a version that will be joining the Key Wells Report as well going forward, so that there's clear transparency and clear accountability on these. It's exciting to see the capital fully recovered on our cumulative program of CAD 1.7 million that was completed in 2025. Sorry, CAD 1.64 million that was completed in 2025. We have over CAD 1.7 million of operating income to date. The reason for that, despite the payout of some of these wells over 2x, is because some of the other wells are still continuing to rise over time. They haven't hit their peak rates yet. We're still seeing really strong sand production out of those wells, just babysitting those wells as we continue to go. Any of these wells are all continuing to rise. This doesn't mean that we've hit peak rate and now we're going to decline our way to 0 bbl like some of the unconventional wells. These wells still continue to have increased optimization upside, as we continue to go. That leads us to the last bullet point here, which is this is what the current equity financing that we have in progress is buying. The CAD 6.7 million program on the 42 reactivations that are part of this program, along with the additional 100 wells we have on top of this, run on the same well type, some of the same high-impact well performance and potential, and also some of the same reservoir quality, which leads to the same economics, just in a patient period. We have had a lot of learnings from these wells, which is allowing us to ramp up the wells a lot faster, which is allowing us to get to some of those peak rates a lot faster, and which is leading and guiding our optimization plan, as we continue to rise here. Very excited to bring the next set of reactivations online. One of the things that I will point out is that despite there being almost no reactivation done this year so far, the Luseland pool has maintained a very, very strong 38 cu m- 42 cu m per day. That graph can be seen also in our Key Wells Report. Just more and more of the same, and we have the reservoir quality to back it up, as we continue to rise here. With that, I will pass it on to Chris for some of the financial highlights. Thanks, Shubham. I've got a few slides to present here, which are going to cover the Q2 2026 financial highlights, which is essentially a step change in the quarter. The strongest quarter of the cycle. We've seen revenue of almost CAD 6.2 million, which was a reflection of 37% versus Q1 2026 increase and a 26% increase versus Q2 2025. Operating netbacks were approximately CAD 30 a BOE, up 170% from Q1. This is really a testament to the torque of the heavy oil producer. When the price of netbacks increase, we see this type of increase on netbacks. Both funds flow of CAD 1.3 million and net operating cash flow of CAD 1.5 million swung firmly positive in the quarter, all delivered with only CAD 600,000 of capital expenditures through the period of time. The company realized approximately 85% of field uptime and zero pipeline failures, versus five in Q2 2025. That loss narrowed to just over CAD 1 million from almost CAD 2.5 million in Q1. This is what the operating engine does on CAD 600,000 of capital expenditures, whereas the CAD 12 million financing that Shubham was talking about offering deploys CAD 10 million into the same proven inventory where fixed costs are already covered. Jump to the next slide, Shubham. Just kind of walking this chart from left to right, this is the netback expansion where price capture plus cost discipline is where we're starting to see some positive operating netback. Realized pricing stepped from about CAD 69- CAD 70 a barrel to CAD 91 a barrel as WCS averaged over CAD 100 a barrel in the period. Netbacks nearly tripled sequentially to almost CAD 30 a barrel. This wasn't price- driven alone, and it's important to emphasize that, because operating expenses also fell quarter-over-quarter. There were a reduction in operating fees, and we also seen lower field maintenance driven from the spending in previous quarters. Also, keep in mind that Prospera spent CAD 2.5 million in 2025 on plant and field maintenance that was required, just to improve the integrity of the infrastructure, and the processing equipment. We're starting to really see the benefits of that carry forward into the operating results now. What we're looking at is approximately WTI of CAD 70, CAD 75 for the rest of 2026. If those prices hold, netbacks should also hold above the year-to-date 2025 levels. Of course, caveat that prices are extremely volatile and are news- driven and seeing a lot of volatility even in the market today. Next slide, Shubham. This is the netback trajectory, so the reactivation engine delivering in a sense. This is the trend chart. We talk about Q2 delivered CAD 2 million of netback, the strongest quarter that we've seen in two years, on almost 750 BOE a day. Netback troughs a little bit in Q1 2026, with breakup, weaker WCS. The reactivation program has lifted each successive recovery. We start to look at it, as we go through area by area. Cuthbert remains the steady cash engine, at about CAD 31 a BOE, while Luseland is the story on a netback per BOE, which we've seen quadrupling from about CAD 9 to CAD 36 quarter-over-quarter, and it's actually now the margin leader, which is exactly the asset the financing is aimed at. Hearts Hill recovered 5x per BOE. White Tundra areas are showing accreted value. Bridging back to the raise, CAD 6.7 million of the CAD 10 million targets upwards of 70 Luseland wells, and that capital is pointed directly at the current margin leader. I've got one more slide to talk about here, Shubham, which really integrates the Q2 results into the CAD 12 million raise and finishes the balance sheet reset. This slide connects the quarter to the offering, framing it really as three columns. First being the structure, CAD 12 million financing at CAD 0.04 per unit with full warrant coverage at CAD 0.06. CAD 10 million of that CAD 12 million going into existing wellbores, no new drilling. What it solves are the three problems from the story slide. The debt and GOR, the subordinated pieces are being cleaned up within 24 months. We're seeing through the financing over two and a half, three years, that AP is being taken down 70% to a manageable CAD 5 million and working through a senior facility extension as well. Those items are providing the concept or the proof. We didn't wait for the race to start. CAD 1.8 million has already been of accounts payable. Arrears has already been converted on a year-to-date basis, so we've been working with about 100 creditors, seeing deficits improving, with the close being the takeaway here, that Q2's positive cash flow on the CAD 600,000 of CapEx is the unit economics proof, that the raise simply scales it. Of course, caution production targets, paled and these are all forward-looking statements. This is where we see the fact that the strategy is proven and now we're looking to effectively scale it further, and start to realize significant momentum for the company where it's already covered a lot of these fixed costs. A lot of the incremental production is coming online at an incremental basis with operating costs much lower. Shubham, maybe I'll pass it back to you just for a couple closing thoughts on what we're doing next. Thank you, Chris. I think the main point we're making here is that the baseline of the corporation has been proven. We are going into a very different commodity price environment going forward, given the global geopolitical climate. The company now with the Q2 2026 results has shown demonstrable profitability during that time frame. We still are looking forward to deploy the CAD 12 million into the ground in order to really push the company forward, dilute down the cost of the operating cost by bringing on additional wells into a large fixed- cost opportunity base with very high- impact wells that are still currently just sitting there waiting to be brought online, and providing some of the kinds of project economics that we've discussed here in this presentation. Just an investment opportunity recap. We are currently raising the CAD 12 million equity, of which CAD 10 million is expected to go into the ground. With the service rig starting this morning, we are already using some of the company's current operating cash flow in order to push ahead as we go and secure the commitments on this equity raise. We are currently forecasting about a 4.3x return on the investment by that December 31st, 2028 time frame based on a 4.2x increase in production, largely due to the Luseland reactivations. This isn't just a what can we do? It's we have projects that were already completed. In 13 months from the 2025 program having been completed, we have paid out that entire program at a time when WTI pricing was way lower than where it sits today and way lower than where we expect it to be. The company does expect to see significant PDP reserves increase. We have completed some in-house modeling on that. That is showing incredible increases, not just at the end of 2026, but actually as of today's strip pricing environment compared to the strip pricing of year-end 2025. With the accounts payable being reduced, the disciplined capital efficiency, and the development plan funding itself through the payout of these projects, the second payout as we go through this entire 140 wells that we currently have in our inventory. We do have a full long-form presentation of the financing documents as well as a full data room as well for any investors that are looking to invest into this private placement, and happy to chat about that or do a presentation as well as we continue down this path. In the meantime, we will continue keeping the company moving forward through the production optimization initiatives at Luseland, through additional updates to investors, through the Key Wells Reports, and through taking advantage of this higher oil price environment to generate additional cash flow as we continue to go. With that, I will maybe open the floor up, Shawn, to any questions. Yeah. Thanks, Shubham. We just have a couple here if anyone else wants to submit in the meantime. First one is, looking at the payout times of your top 10 wells of the 140 wells in your inventory, how will it pay out on a half- year basis? What we're seeing on these wells is a slow, steady ramp-up phase. The 2025 wells were a proof of concept. We had to go slower than we would've liked, just as a way to avoid rig jobs. We had certain kinds of pump sizes that were put into the wells that we ended up deciding were too small. We also did not have our recycle pump strategy fully figured out. That was maybe the iteration 1. We've now had iteration 2, 3, 4, 5, and this 2026 program is going to be like a iteration 6 of that plan with the recycle pumps already installed upon startup of the well, with different kind of startup procedures, including some well loads to allow for that initial sand slug to be produced a lot more effectively rather than going into the cellar. We also have several high -impact wells, which the company just could not do in 2025 because those wells had a lot of sand production potential. We didn't go after those wells at that time, despite their higher impact, despite the fact that they could have been some of our top wells because we still had to figure out the system. Now that we have a lot more information, we have a lot more robust production optimization procedures. We have a lot more robust field operations procedures. What investors will expect to see is not just higher pricing on these wells. You will see lower cost per project on the program, but also a quicker ramp-up phase. Rather than it taking six months for the well to hit 15 bbl, 20 bbl a day, we expect to see that within the first 30 - 60 days. That's what drives that first payback to be a lot sooner. Once you have your first payback, now any additional dollar is starting to pay for the next reactivation. That's what I see as a program payout here. I also should clarify that on every reactivation, you're only paying the cost of the surface equipment once. Yes, you do downhole costs on a workover or a reactivation, but on the reactivation, the additional cost comes from a one-time cost of installing a 750 bbl tank, of buying a CAD 20,000 engine, of building your flow lines and valves on heat tracing and insulation. Once that is in place It will last for the next 20, 30, 40 years, and the well simply will need potential remediation on the downhole component of the well. We've sort of figured out the economics of this work a little bit better to scale up more rapidly and leave it open to a potential service or activity requirement. The NPVs and the economics of that type of ramp-up procedure are just a lot better. Now that we've got the base system figured out, the base recycle pump strategy figured out, and an understanding of how the reservoir is responding as it continues to produce. Leaving a certain amount of joints of fluid on the well to keep that sand controlled, only going up five RPMs at a time, only running a minimum of 13- series CHOPS pumps, not going anything lower than that, and running them at lower velocities to avoid tubing erosion. These are some of the learnings amongst many that we've had over the past 18 - 20 months now. Next one. Thank you for the presentation. What is the progress against the CAD 3 million raised earlier in the year, and how do we track against the plan that was presented a few months ago? I could take that one, Shawn. I mentioned earlier the CAD 600,000 that was spent towards well reactivations and optimizations workovers were a direct result of that funding program, and that let the company increase its quarter-over-quarter barrels up to the 750 bbl that it was reporting through the period of time. A large part of that financing was also related to insider participation from Board and other folks that were involved in, say, other notes, promissory notes, or other types of conversions from debt- to- equity and accounts payable conversions into that program as well. That essentially was the full piece of the CAD 3 million. What that did is it either pushed out or removed a lot of the debt maturities that were upcoming that the company was facing. It allowed a lot more breathing room in terms of being able to operate, reducing interest costs, and being able to employ that money into certain development or optimization. I think this is something that we would like to provide a more comprehensive answer to the tracking of those funds in our next version of the Key Wells Report, alongside the well-by-well profitability, but also into the spending and the capital efficiency per project piece of the business. Investors can expect to see that coming in. I can't see who asked this question, but please feel free to reach out to us directly here. Our emails are here as well for a more personalized sort of walkthrough through the exact spend, and sort of the achievements of that spend as we continue to rise. One of the things I will mention is with the company's key critical vendors who are going to be part of this existing rig program that started today, but also key critical vendors for us going forward. We've been able to bring account balances down on some of those vendors significantly from the high five-figure range, CAD 50,000, CAD 60,000, CAD 70,000 range, to the CAD 10,000 range. It's really allowed us to have this larger credit line, reduce the cost per vendor as they see more predictability in their receiving of those accounts receivable, and just building stronger relationships with them as well. It wasn't just like we got the CAD 3 million, and we spent all three right away into the ground. It's been a bit of a comprehensive cleanup across the corporation, which allows for further success of this current equity financing, which was chosen to be a larger amount, allowing us to move forward with speed throughout the remaining summer months and into the winter months this year, as we continue to see success from the 2025 reactivation program. Thanks, guys. Next question. Can you give an update where discussions are at with the Saskatchewan government? Yeah, I can take that. Maybe Chris, if you want to add to that. We are still continuously in conversations with the Saskatchewan government through various parties. If your question is referring to the MER, the Saskatchewan regulatory body, we are meeting with them still every two to four weeks. We provide them updates as to what the company's doing. As investors know, we've cleaned up over 300 non-compliances that the new management team inherited. The MER has been very pleased with that progress, and is just continuing to push us to show progress on the company's overall obligations to the government and as far as our wells go. We are continuing to fix berms. We're continuing to fix any road washouts. Our weed spraying program this year has been the earliest it has been completed. I think investors will note that this is the earliest a quarterly or annual financial results have been reported in many years. The company continues to move forward with actually becoming a legit junior oil producer, and moving forward our business plan. That is working really well. On the other Saskatchewan government side, we continue to be in communications with Premier Moe, with Energy Minister Beaudry, with individuals from the Crown Sector Priorities, Investment Attraction Division, and the Ministry of Trade and Export to find additional ways, not just to support Prospera and its current push forward in restarting this pizzazz of junior oil companies in Saskatchewan and Alberta. Also just in terms of other ways to sort of support companies to bring investment into Saskatchewan that can help companies like Prospera attract capital, to bring additional more marketing to the kinds of investment opportunities that are present in the basin, to highlight some of the relationships we've made with landowners and with our critical vendors. The company maintains a very strong profile in that, despite our small size, when you take into account how many barrels the Canadian basin produces, we are having conversations at the top level, including with the team of Premier Moe directly on ways to really support this industry after it's been left for dead for many years. We want to be the proof of concept of bringing capital in, diligently deploying that capital, and building a company from the grassroots in an industry that really hasn't been easy over the last 10 years. Looking forward to report that, and investors that are again following our Prospera LinkedIn and then my personal LinkedIn can see some more updates of that as those progress and processes continues. We'll also aim to share some of that in our news releases going forward. Next question, please. An update on the success of the pipeline project from November 2025. Yeah. That pipeline project was completed in November, December of 2025. We had two additional injectors that came online as part of that, along with additional production wells that came online as part of that. It was identified that one of the injectors, that was the third injector, had a packer failure. We had actually gone back into that well in May, using some of the funds from the February financing, along with our operating cash flow, in order to fix that packer and get that well running. That well is now part of the Cuthbert flood. It is also providing injection support from the southwestern corner of the pool, and we continue to work on Cuthbert as a slow, steady, sort of reliable cash flow producer without spending too much money on workovers and other sort of work required in order to keep the field producing. Our core focus on the capital projects has now shifted into the Luseland reactivations, as that's where we see the best bang for our buck, while keeping Hearts Hill and Cuthbert relatively steady at their current rates. No additional pipeline projects in progress. We were happy to get that one done, as not only did it give us more injection capacity, brought more wells online, leading to a better waterflood, it also rebuilt our relationship with the landowners and the MER, who were asking us to complete that project for a long time. We'll continue to find projects that are infrastructure-based as we go to bring reliability to the company. As far as where we see our current best bang for our buck, it is on the Luseland reactivations. What is your ratio to successful activation to non-successful? Of the 17 wells we did in 2025 and late 2024, we're batting 16 for 17. The additional wells that we're going after, we expect a similar type of successful rate. I should be clear, there are certain wells that once we reactivate them, we find that the sand production is just wild. It is producing a lot of sand, which is good for us because it propagates a wormhole. It allows for your near wellbore to clean up, creates more permeability. The company just doesn't have the ability to go and do these types of wells where you're having to do a workover every two weeks to keep the well running. Certain of those wells are offline. There's two or three wells, especially in Section 33, that are currently offline that will be part of the program as we continue to have the overall profitability and production of the company go up. We will go back to those wells. They're not failures per se from a reactivation standpoint. They just aren't the right kind of wells for us to currently go after. If that well can do upwards of 100 + bbl per day, but it needs six months of workovers every two weeks, that is not the project that we currently see as our top project. We'd like to bring on stable 10 bbl, 12 bbl, 15 bbl per day producers with high impact potential as our current top projects and then g o back to those other projects. Once we've got some more information, we've got some better cash flows to back it up, and also once we've learned from the reservoir a bit more. There is still learnings we're getting from the different kinds of chemicals, the different kinds of downhole pumps and elastomers. As we learn more and more on that through this current reactivation program, we will go back to those wells and bring them back online. That is probably one of the most exciting things that I have going around in my head, is when we have the ability to bring those wells online. I remind investors, some of the wells that the company currently holds were producing upwards of 200 bbl per day when they went offline 20 or 25 years ago. These aren't depleted wells that just died to 0 bbl per day, and we're bringing them back online. They had monster potential, just the companies that were running them lost interest or didn't want to run the kinds of service rig activities that these wells demanded with the technologies of that time. That's great. Thank you. Looks like that should do it for Q&A. If you guys have any closing thoughts or we can maybe leave it for there. Yeah, no, I just want to thank investors for attending, any prospective investors as well. The recording of this will be on YouTube here very shortly. Both mine and Chris's email are here, I once again share that not only through this presentation, but we have a full 70-page long form presentation regarding this financing. Along with that, we can present that deck as well as have a full data room as well for prospective investors. We do have a 7% and 7% finder's fee as well on this raise for anybody attending this presentation or watching the replay that maybe has somebody in their network as a lead for us to discuss with. I appreciate everybody's support and patience. Very proud to report the Q2 results with over CAD 6 million of revenue as our top yet, but there is still work to be done. Not only on the equity placement itself, but also on just keeping the company moving forward, showing continued results from the key wells that were brought online in 2025, and further cleanup of the balance sheet as we continue on building our business here in this structurally bullish oil market. Chris, any final thoughts? I think we can end it there, Shawn. Thank you everybody for attending, yeah, feel free to message or DM if you have any further questions. Thank you.
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