Petrus Resources Ltd. announces its syndicate of lenders has extended the borrowing base termination date on its senior revolving credit facility agreement from July 30, 2021 to August 13, 2021. The Company's second lien term loan provider has also agreed to extend the maturity date of the Company's second lien term loan from September 30, 2021 to October 14, 2021. The Company continues to be in discussions with the bank [...]
Petrus Resources Ltd. announces its syndicate of lenders has extended the borrowing base termination date on its senior revolving credit facility agreement from July 14, 2021 to July 30, 2021. The Company's second lien term loan provider has also agreed to extend the maturity date of the Company's second lien term loan from September 14, 2021 to September 30, 2021. The Company continues to be in discussions with the bank [...]
Petrus Resources Ltd. announces its syndicate of lenders has extended the borrowing base termination date on its senior revolving credit facility agreement from June 30, 2021 to July 14, 2021. Petrus has been advised that effective June 15, 2021, Macquarie Bank Limited has assigned the Company's second lien term loan to a third party, Blue Oak Partners Inc. Subsequent to such assignment, the new lender under the Company's [...]
Petrus Resources Ltd. announces that Mr. Peter Verburg has joined the Petrus Board as an independent director. Mr. Verburg previously served on the Company's board from 2010 to 2017. He is a Calgary businessman with extensive experience in the Canadian Energy sector, and has a diverse business background, with experience as a journalist, investment banker and entrepreneur. Most recently, Mr. Verburg is the founder and CEO [...]
Petrus Resources Ltd. is pleased to announce that its shareholders approved all resolutions at its annual general and special meeting of shareholders held today . The resolutions approved at the Meeting were as follows: The resolution to fix the number of directors of the Company to be elected at the Meeting at four directors was approved. The resolution to appoint the four nominees as directors of the Company to serve [...]
Petrus Resources Ltd. announces its syndicate of lenders has extended the borrowing base termination date on its senior revolving credit facility agreement from June 14, 2021 to June 30, 2021. Its second lien term loan provider has also extended the maturity date of the Company's term loan from August 16, 2021 to August 31, 2021. The Company continues to be in discussions with the bank syndicate on a one-year extension to [...]
Petrus Resources Ltd. announces its syndicate of lenders has extended the borrowing base termination date on its senior revolving credit facility agreement from May 31, 2021 to June 14, 2021. Its second lien term loan provider has also extended the maturity date of the Company's term loan from July 31, 2021 to August 16, 2021. The Company continues to be in discussions with the bank syndicate on a one-year extension to [...]
Petrus Resources Ltd. announces it is working closely with its syndicate of lenders to extend the borrowing base determination date on its senior revolving credit facility agreement from May 31, 2021 to June 14, 2021. It is concurrently working closely with its second lien term loan provider to extend the maturity date of the Company's term loan from July 31, 2021 to August 16, 2021. The purpose of these two short term [...]
Petrus Resources Ltd. is pleased to report financial and operating results as at and for the three months ended March 31, 2021. Petrus is focused on generating free cash flow for debt repayment and further development of its Ferrier Cardium asset. Following extreme market volatility throughout 2020, the first quarter of 2021 brought encouraging signs of rebalancing. Global economies continue to recover, bolstering demand [...]
Petrus Resources Ltd. is pleased to announce that Mr. Ken Gray has been appointed as President and Chief Executive Officer of Petrus. Mr. Gray is a Petroleum Engineer from Texas A&M with extensive experience in Canada, the North Sea and Alaska and is currently President of a private oil and gas company with operations in Alberta. Mr. Neil Korchinski has resigned as President, CEO and a Director of the Company. Petrus [...]
Petrus Resources Ltd. announces that Mr. Stephen White has resigned from his position as a director of Petrus. The Board of Directors is also pleased to announce that Mr. Ken Gray has joined the Petrus Board. Mr. Ken Gray is a Petroleum Engineer with a degree from Texas A&M University and has over thirty-five years of experience in the oil and gas sector. The staff, management, and Board of Directors of Petrus would like [...]
Each of Mr. Don Gray, Glen Gray and Stuart Gray announce that they have each individually agreed to acquire the number of common shares of Petrus Resources Ltd. set forth below from an arm's length vendor, at a purchase price of $0.30 per share, pursuant to the terms of a share purchase agreement among the Purchasers and the vendor . Closing of the transaction is expected to occur on or about March 16, 2021, subject to [...]
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