Petrus Resources Ltd. is pleased to report financial and operating results for the first quarter of 2019. Petrus is focused on organic growth and infrastructure control in its core area, Ferrier, Alberta. The Company is targeting light oil and liquids rich natural gas in the Cardium formation as well as investing in infrastructure in Ferrier to control operations in order to maximize the Company's return on investment [...]
Petrus Resources Ltd. is pleased to report financial and operating results for the three and twelve month periods ended December 31, 2018 and to provide 2018 year end reserves information as evaluated by Sproule Associates Limited . The Company's Management's Discussion and Analysis and audited consolidated financial statements dated as at and for the year ended December 31, 2018 are available on SEDAR at www.sedar.com [...]
Petrus Resources Ltd. is pleased to provide an operations update and its 2019 outlook. With the recent volatility in the price of both Canadian light oil and natural gas, the Company believes that it is prudent to develop a disciplined capital budget that is flexible from an operational and financial perspective. Petrus’ Board of Directors has approved a first quarter 2019 capital budget of $8 to $10 million. Petrus [...]
Petrus Resources Ltd. is pleased to report financial and operating results for the third quarter of 2018. The Company's Management's Discussion and Analysis and interim consolidated financial statements dated as at and for the period ended September 30, 2018 are available on SEDAR at www.sedar.com. In response to the commodity price outlook for natural gas, the Company set out in 2018 to improve its financial position and [...]
Petrus Resources Ltd. is pleased to report financial and operating results for the second quarter of 2018. The Company's Management's Discussion and Analysis and interim consolidated financial statements dated as at and for the period ended June 30, 2018 are available on SEDAR at www.sedar.com. In response to the commodity price outlook for natural gas, the Company shifted its focus in the first half of 2018 to improving [...]
CALGARY, Alberta, May 17, 2018 -- Petrus Resources Ltd. is pleased to announce a one year extension of its second lien term loan maturity date and the completion of the 2018 annual review of its revolving credit facility . SECOND LIEN TERM LOAN Petrus has entered into an agreement with Macquarie Bank Limited to extend the maturity date of the Company’s $35 million second lien term loan from October 8, 2019 to [...]
CALGARY, Alberta, May 08, 2018 -- Petrus Resources Ltd. is pleased to announce that its shareholders approved all resolutions at its annual 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 seven directors was approved. The resolution to appoint the seven nominees as [...]
CALGARY, Alberta, May 07, 2018 -- Petrus Resources Ltd. is pleased to report financial and operating results for the first quarter of 2018. Petrus is focused on organic growth and infrastructure control in its core area, Ferrier, Alberta. The Company is targeting light oil and liquids rich natural gas in the Cardium formation as well as investing in infrastructure in Ferrier to control operations in order to maximize the [...]
CALGARY, Alberta, March 08, 2018 -- Petrus Resources Ltd. is pleased to report financial and operating results for the three and twelve month periods ended December 31, 2017 and to provide summary 2017 year end reserves information as evaluated by Sproule Associates Limited . The Company's Management's Discussion and Analysis and audited consolidated financial statements dated as at and for the year ended December 31 [...]
Petrus Resources Ltd. is pleased to announce an operations update as well as a 2018 outlook. PRODUCTION AND OPERATIONS UPDATE Petrus' 2017 drilling program has been focused exclusively in the Ferrier area targeting liquids rich natural gas in the Cardium formation. Throughout 2017, the Company drilled or participated in 18 gross wells. This included two Extended Reach Horizontal wells related to the previously announced [...]
Petrus Resources Ltd. is pleased to report financial and operating results for the third quarter of 2017. Petrus is focused on organic growth and infrastructure control in its core area, Ferrier, Alberta. The Company is targeting liquids rich natural gas in the Cardium formation as well as investing in infrastructure in Ferrier to control operations in order to maximize the Company's return on investment. The Company's [...]
Petrus Resources Ltd. continues to focus on expanding its core Ferrier operating area, improving the Company's balance sheet, lowering its cost structure and growing the Company's production and resulting funds from operations. Petrus is pleased to announce the following recent developments which demonstrate the Company's commitment to achieving these objectives. FERRIER FARM-IN Petrus has entered into a farm-in agreement [...]
+76,60 %
-41,70 %
