Petrus Resources Ltd. is pleased to announce the most recent version of the Company's monthly activity update can be found on the Company's website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. Ken Gray President and Chief Executive Officer T: 403-930-0889 E [...]
Petrus Resources Ltd. is pleased to report financial and operating results as at and for the three and nine months ended September 30, 2022. Surging capital activity - 9 wells spud with 5 wells completed and on production in the Ferrier and North Ferrier areas with total capital expenditures of $49.5 million during the third quarter of 2022. Funds flow remains strong - Generated funds flow of $13.8 million for the third [...]
Petrus Resources Ltd. is pleased to announce the most recent version of the Company's monthly activity update can be found on the Company's website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. Ken Gray President and Chief Executive Officer T: 403-930-0889 E [...]
Petrus Resources Ltd. is pleased to announce the most recent version of the Company's monthly activity update can be found on the Company's website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. Ken Gray President and Chief Executive Officer T: 403-930-0889 E [...]
Petrus Resources Ltd. is pleased to announce the acceleration and expansion of its capital program, resulting in increased 2022 budget guidance and an updated operational outlook. UPDATED 2022 BUDGET GUIDANCE Market conditions have improved materially since the release of Petrus' initial 2022 budget in December of last year. During the first six months of 2022, due to a combination of increased production and stronger [...]
Petrus Resources Ltd. is pleased to announce the most recent version of the Company's monthly activity update can be found on the Company's website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. Ken Gray President and Chief Executive Officer T: 403-930-0889 E [...]
Petrus Resources Ltd. is pleased to announce that it has completed its previously announced rights offering which expired on April 26, 2022 . The Rights Offering received overwhelming support from the Company's shareholders with 97% of the rights available under the basic subscription privilege being exercised. Combined, the basic and additional subscriptions totaled 184% of the common shares of the Company available [...]
Petrus Resources Ltd. is pleased to announce the most recent version of the Company's monthly activity update can be found on the Company's website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. Ken Gray President and Chief Executive Officer T: 403-930-0889 E [...]
Petrus Resources Ltd. is pleased to announce the most recent version of the Company's monthly activity update can be found on the Company's website at https://www.petrusresources.com/monthlyupdates. Additionally, further to the fully backstopped rights offering previously announced on March 24, 2022, the Company has posted instructions for Petrus shareholders wishing to subscribe to the offering. The directions can be [...]
Petrus Resources Ltd. is pleased to announce that it has filed today a rights offering circular and related notice of rights offering with the securities regulatory authorities in each of the provinces and territories of Canada in connection with an offering of rights to acquire common shares of Petrus for gross proceeds of approximately $20 million. Pursuant to the Rights Offering, each eligible registered holder of [...]
Petrus Resources Ltd. is pleased to announce that it has closed its previously announced acquisition of a privately owned limited partnership and its general partner for total consideration of approximately $14.4 million, consisting of the issuance of 10 million common shares of the Company. Petrus' approved 2022 capital budget remains at $50-$55 million following the acquisition. Capital will be largely focused on the [...]
Petrus Resources Ltd. is pleased to report financial and operating results as at and for the three and twelve months ended December 31, 2021 and to provide 2021 year end reserves information as evaluated by Insite Petroleum Consultants Ltd. . The Company's Management's Discussion and Analysis and audited consolidated financial statements are available on SEDAR at www.sedar.com. An updated corporate presentation as well as [...]
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