CALGARY, ALBERTA--(Marketwired - Feb 17, 2017) - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX:PRQ) - Petrus is pleased to announce that it has increased the size of its previously announced non-brokered private placement to up to 4,350,000 common shares of the Company ("Common Shares") at a purchase price of $2.53 per Common Share, for aggregate gross proceeds of up to $11,005,500 (the "Private Placement [...]
CALGARY, ALBERTA--(Marketwired - Feb 14, 2017) - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX:PRQ) is pleased to announce that it has entered into an agreement with a private company to acquire certain oil and natural gas interests in the Ferrier area, subject to customary closing conditions (the "Acquisition"). PROPERTY ACQUISITION Pursuant to the Acquisition, Petrus will acquire approximately 40 boe/d of [...]
CALGARY, ALBERTA--(Marketwired - Jan 24, 2017) - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX:PRQ) is pleased to announce a term loan refinancing and provide a corporate update including a 2017 outlook. SECOND LIEN TERM LOAN Petrus has entered into an agreement with Macquarie Bank Limited to extend the Company's $42 million second lien term loan by two years; now due October 2019. Concurrent with the extension [...]
CALGARY, ALBERTA--(Marketwired - Nov 8, 2016) - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX:PRQ) is pleased to announce financial and operating results for the three and nine month periods ended September 30, 2016. The associated Management's Discussion and Analysis ("MD&A") and quarterly financial statements as at and for the period ended September 30, 2016 are available at www.sedar.com. HIGHLIGHTS During [...]
CALGARY, ALBERTA--(Marketwired - Nov 7, 2016) - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX:PRQ) announces that Mr. Kevin Adair has resigned from his positions as President and Chief Executive Officer, and as a director of Petrus. The board of directors is pleased to announce that Mr. Neil Korchinski, currently Vice President Engineering and Chief Operating Officer at Petrus, has been promoted to the role of [...]
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 [...]
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