CALGARY, Alberta, June 28, 2022 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) 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.

FOR FURTHER INFORMATION PLEASE CONTACT:
Ken Gray
President and Chief Executive Officer
T: 403-930-0889
E: kgray@petrusresources.com

… Continue Reading

CALGARY, Alberta, May 30, 2022 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company“) (TSX: PRQ) is pleased to announce that it has closed the credit refinancing transactions previously announced on May 5, 2022. The Company has entered into agreements with new lenders to the Company which provide two new credit facilities (the “New Credit Facilities”) totaling up to $55 million.

The New Credit Facilities consist of a $30 million reserve-based, secured operating revolving loan facility with ATB Financial (the “ATB Facility“) and a second lien secured term facility in the amount of $25 million (the “Second Lien Facility“) … Continue Reading

CALGARY, Alberta, May 25, 2022 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce that Mr. Matt Skanderup has been appointed as the Company’s Chief Operating Officer (“COO”) and Mr. Mathew Wong has been appointed as the Company’s Chief Financial Officer (“CFO”).

As COO, Mr. Skanderup will lead the operations and technical teams in the planning and execution of the Company’s operations and development activities. Matt’s 17 years of experience and expertise combined with his leadership skills make him an ideal fit for this role. Prior to joining the Petrus team in 2014, … Continue Reading

CALGARY, Alberta, May 12, 2022 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company“) (TSX: PRQ) is pleased to announce that its shareholders approved all resolutions at its annual general meeting of shareholders held today (the “Meeting”). 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 (5) directors was approved.

The resolution to appoint the five (5) nominees as directors of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors are … Continue Reading

CALGARY, Alberta, May 11, 2022 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three months ended March 31, 2022.

Q1 2022 HIGHLIGHTS:

CALGARY, Alberta, May 05, 2022 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company“) (TSX: PRQ) is pleased to announce that it has entered into agreements with new lenders to the Company which provide two new credit facilities (the “New Credit Facilities”) totaling $55 million. The New Credit Facilities, together with the net proceeds of the Company’s recently closed $20 million rights offering (the “Rights Offering” and together with the New Credit Facilities, the “Transactions”), will be used to repay in full all amounts owing under the Company’s existing secured revolving credit facility (the “Existing RCF“), which will be … Continue Reading

THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.

CALGARY, Alberta, May 02, 2022 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (TSX:PRQ) (“Petrus” or the “Company“) is pleased to announce that it has completed its previously announced rights offering which expired on April 26, 2022 (the “Rights Offering“). 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 … Continue Reading

CALGARY, Alberta, April 26, 2022 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) 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.

FOR FURTHER INFORMATION PLEASE CONTACT:
Ken Gray
President and Chief Executive Officer
T: 403-930-0889
E: kgray@petrusresources.com

… Continue Reading

CALGARY, Alberta, March 28, 2022 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) 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 found on the Company’s website at https://www.petrusresources.com/investor-relations. Any questions related to the rights offering can be directed to Odyssey Trust Company at (587) 885-0960 or 1 … Continue Reading

THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.

CALGARY, Alberta, March 24, 2022 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (TSX:PRQ) (“Petrus” or the “Corporation“) is pleased to announce that it has filed today a rights offering circular (the “Rights Offering Circular“) and related notice of rights offering (the “Notice of Rights Offering“) with the securities regulatory authorities in each of the provinces and territories of Canada in connection with an offering (the “Rights Offering“) of rights (“Rights“) to acquire common … Continue Reading

CALGARY, Alberta, March 14, 2022 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company“) (TSX: PRQ) 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 drilling, completion and tie-in of 14 net wells in Ferrier. The 2022 budget was constructed using a price forecast of WTI at US$69.00/bbl, … Continue Reading

CALGARY, Alberta, March 03, 2022 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) 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. (“Insite”). The Company’s Management’s Discussion and Analysis (“MD&A”) and audited consolidated financial statements are available on SEDAR (the System for Electronic Document Analysis and Retrieval) at www.sedar.com.

An updated corporate presentation as well as the monthly activity update can be found on the Company’s website at www.petrusresources.com.… Continue Reading