CALGARY, ALBERTA--(Marketwired - Oct 20, 2016) - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX:PRQ) is pleased to provide the following operations update: The Company has recently drilled three 100% WI wells in its Ferrier core area targeting liquids rich gas in the Cardium formation. Average drill and case costs were 18% lower than budget. The first well was successfully frac'd and tested at a restricted rate [...]
CALGARY, ALBERTA--(Marketwired - Aug 11, 2016) - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX:PRQ) is pleased to announce financial and operating results for the three and six month periods ended June 30, 2016. The associated Management's Discussion and Analysis ("MD&A") and quarterly financial statements as at and for the period ended June 30, 2016 are accessible at www.sedar.com. HIGHLIGHTS The Company [...]
CALGARY, ALBERTA--(Marketwired - Jul 11, 2016) - Petrus Resources Ltd. (TSX:PRQ) ("Petrus" or the "Company") is pleased to announce that it has sold its oil and natural gas interests in the Peace River area of Alberta to Rising Star Resources Ltd. ("Rising Star"), a private company, for total consideration of $30.0 million subject to customary closing adjustments (the "Disposition"). The consideration is comprised of [...]
CALGARY, ALBERTA--(Marketwired - May 12, 2016) - Petrus Resources Ltd. ("Petrus") (TSX:PRQ) is pleased to announce that the nominees listed in Petrus' information circular and proxy statement dated April 1, 2016 were elected as directors of Petrus. The detailed results of the vote for the election of directors held at Petrus' annual meeting of shareholders today (the "Meeting") are set out below. On a vote by ballot, each [...]
CALGARY, ALBERTA--(Marketwired - May 12, 2016) - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX:PRQ) is pleased to announce financial and operating results for the three month period ended March 31, 2016. The associated Management's Discussion and Analysis ("MD&A") and quarterly financial statements as at and for the period ended March 31, 2016 are accessible at www.sedar.com. During the first quarter Petrus [...]
CALGARY, ALBERTA--(Marketwired - Mar 23, 2016) - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX:PRQ) is pleased to announce financial and operating results for the three month period and year ended December 31, 2015, and provide 2015 year‐end reserves information as evaluated by Sproule Associates Limited ("Sproule"). The associated Management's Discussion and Analysis ("MD&A") and audited financial statements as [...]
Petrus Resources is pleased to announce that it has entered into a letter of intent with an industry partner to swap developed and undeveloped land, production, and facilities interests in the Ferrier and Foothills areas of Alberta effective January 1, 2016 subject to customary closing conditions. Petrus will acquire approximately 400 Boe/d and an average of approximately 40% working interest in 8 sections of [...]
Petrus Resources is pleased to announce the listing of its shares on the TSX under the symbol "PRQ". The listing is a milestone event for Petrus, which was formed as a private energy company in 2011 with a strategy of enhancing shareholder value through investment in acquisitions and organic drilling in Alberta. The Company's production has grown to 9,000 boe/d currently, with estimated compound annual growth rates in [...]
Petrus Resources is pleased to announce that the previously announced plan of arrangement involving Petrus, Petrus Resources Corp., Petrus Resources Inc. and Fox River Resources Corporation has closed, and aggregate gross proceeds from the previously announced $30 million bought deal financing (the "Financing") of subscription receipts of Petrus ("Subscription Receipts") have been released from escrow, resulting in [...]
Petrus Resources and PhosCan Chemical are pleased to jointly announce that the Court of Queen's Bench of Alberta has granted a final order approving the previously announced plan of arrangement involving Petrus, PhosCan, Petrus Acquisition Corp., Fox River Resources Corp., and the shareholders thereof. The Arrangement was approved by the shareholders of each of Petrus and PhosCan held on January 21, 2016.
Petrus Resources is pleased to announce that Petrus Acquisition has completed the previously announced bought deal financing of 16,217,000 subscription receipts at an issue price of $1.85 per Subscription Receipt for aggregate gross proceeds of approximately $30 million with a syndicate of underwriters led by FirstEnergy Capital Corp. and GMP Securities L.P. ("GMP" and, together with FirstEnergy, the "Co-Lead [...]
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