Petrus Resources Ltd.

Petrus Resources Ltd. is pleased to report financial and operating results for the second quarter of 2019. Petrus is focused on organic growth and infrastructure control in its core area, Ferrier, Alberta. In order to maximize return on investment, 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. The Company's [...]

Petrus Resources Ltd. announces the completion of the 2019 annual review of its revolving credit facility , and provides an operations update. REVOLVING CREDIT FACILITY The 2019 annual review of the RCF has been completed. The RCF syndicate of lenders have reduced the Company's borrowing base of $110 million to $100 million. The revolving period has been extended to May 31, 2020 and the maturity date for repayment of the [...]

Petrus Resources Ltd. is pleased to announce that its shareholders approved all resolutions at its annual 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 five directors was approved. The resolution to appoint the five nominees as directors of the Company to serve until the next annual [...]

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 [...]