CALGARY, ALBERTA–(Marketwired – Dec. 15, 2017) – Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX:PRQ) is pleased to announce an operations update as well as a 2018 outlook.

PRODUCTION AND OPERATIONS UPDATE

Petrus’ 2017 drilling program has been focused exclusively in the Ferrier area targeting liquids rich natural gas in the Cardium formation. Throughout 2017, the Company drilled or participated in 18 gross (13.1 net) wells. This included two Extended Reach Horizontal (“ERH”) wells related to the previously announced Ferrier farm-in agreement (“Farm-In”), each with approximately 100 stages of fracture stimulations. One of these ERH wells came on production on … Continue Reading

CALGARY, ALBERTA–(Marketwired – Nov. 10, 2017) – Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX:PRQ) is pleased to report financial and operating results for the third quarter of 2017. Petrus is focused on organic growth and infrastructure control in its core area, Ferrier, Alberta. The Company is targeting 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. The Company’s Management’s Discussion and Analysis (“MD&A”) and interim consolidated financial statements dated as at and for the period ended September 30, 2017 are … Continue Reading

CALGARY, ALBERTA–(Marketwired – Oct. 4, 2017) – Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX:PRQ) continues to focus on expanding its core Ferrier operating area, improving the Company’s balance sheet, lowering its cost structure and growing the Company’s production and resulting funds from operations. Petrus is pleased to announce the following recent developments which demonstrate the Company’s commitment to achieving these objectives.

FERRIER FARM-IN

Petrus has entered into a farm-in agreement (the “Farm-in Agreement”) to drill two extended reach horizontal (“ERH”) Cardium wells in Ferrier, the Company’s core operating area. Upon drilling these wells, Petrus will also earn a working … Continue Reading

CALGARY, ALBERTA–(Marketwired – Aug. 10, 2017) – Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX:PRQ) is pleased to report financial and operating results for the second quarter of 2017. Petrus is focused on organic growth and infrastructure control in its core area, Ferrier, Alberta. The Company is targeting liquids rich natural gas in the Cardium formation as well as investing in infrastructure in Ferrier to control operations and maximize the Company’s return on investment. The Company’s Management’s Discussion and Analysis (“MD&A”) and interim consolidated financial statements dated as at and for the period ended June 30, 2017 are available on … Continue Reading

CALGARY, ALBERTA–(Marketwired – May 18, 2017) – Petrus Resources Ltd. (“Petrus“) (TSX:PRQ) is pleased to announce that the nominees listed in Petrus’ information circular and proxy statement dated April 3, 2017 were elected as directors of Petrus at the annual meeting of shareholders held today (the “Meeting“). Detailed results of the vote for the election of directors are set out below.

On a vote by ballot, each of the following seven nominees proposed by management was elected as a director of Petrus.

CALGARY, ALBERTA–(Marketwired – May 12, 2017) – Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX:PRQ) is pleased to report financial and operating results for the first quarter of 2017. Petrus is focused on organic growth and infrastructure control in its core area, Ferrier, Alberta. The Company is targeting liquids rich natural gas in the Cardium formation as well as investing in infrastructure in Ferrier to control operations and maximize the Company’s return on investment. The Company’s Management’s Discussion and Analysis (“MD&A”) and interim consolidated financial statements dated as at and for the period ended March 31, 2017 are available on … Continue Reading