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THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES.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

CALGARY, Alberta, March 01, 2022 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company“) (TSX: PRQ) is pleased to announce that it has entered into a definitive agreement (the “Agreement“) to acquire a privately owned limited partnership (the “LP“) and its general partner (the “GP“, and together, the “Acquired Entities“) for total consideration of approximately $14.4 million, consisting of 10 million common shares of the Company (the “Shares“) issued at a deemed price of $1.44 per Share based on the volume weighted average trading price of the Shares on the Toronto Stock Exchange (“TSX“) for the five trading days … Continue Reading

Calgary, ALBERTA, Jan. 28, 2022 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company“) (TSX: PRQ) is pleased to provide information on the results of the Company’s recently drilled operated well in North Ferrier as well as an operational update.

NORTH FERRIER

Petrus began execution of its Q4 2021 drilling program in November, which included drilling the Company’s first operated well in North Ferrier. The well was drilled, completed and tested in early December before being tied-in and brought on production near the end of the year. The average initial production rate from this well over the first 30 … Continue Reading

CALGARY, Alberta, Jan. 24, 2022 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company“) (TSX: PRQ) is pleased to announce it has been named to the 2022 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.

The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2022 OTCQX Best 50 were ranked based … Continue Reading

CALGARY, Alberta, Dec. 13, 2021 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company“) (TSX: PRQ) is pleased to announce its Board of Directors has approved a 2022 capital budget of $50 to $55 million, which is expected to deliver average annual production in the range of 7,000 to 7,500 boe per day, a forecasted increase of approximately 25% compared to 2021 estimates. The majority of the forecasted production growth is expected to be realized in the second half of 2022 leading to estimated exit rates exceeding the forecasted annual average. Capital spending will be focused on drilling the … Continue Reading

CALGARY, Alberta, Nov. 11, 2021 (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 nine months ended September 30, 2021. Petrus is focused on generating free cash flow to support further development of its Ferrier Cardium assets to benefit all stakeholders.

HIGHLIGHTS

CALGARY, Alberta, Oct. 20, 2021 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the Company has received confirmation from the Toronto Stock Exchange (the “TSX”) that the TSX has completed its review of the Company and determined the Company satisfies the TSX’s applicable requirements for continued listing.

This completes the listing review initiated in connection with Petrus’ recently completed private placement and the full settlement of its second lien loan as described in more detail in the Company’s press release dated September 22, 2021.

ABOUT PETRUS
Petrus is a public Canadian oil … Continue Reading

      NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

CALGARY, Alberta, Sept. 22, 2021 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company“) (TSX: PRQ) is pleased to announce that it has completed the previously announced transactions (the “Transactions”) that will significantly reduce the Company’s total debt and also extend the maturity date of the Company’s senior secured credit facility (the “First Lien Loan“).

Pursuant to the Transactions, the Company’s subordinated secured term loan (the “Second Lien Loan“), in the … Continue Reading