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

CALGARY, ALBERTA–(Marketwired – March 9, 2017) – Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX:PRQ) is pleased to report operating and financial results for the three and twelve month periods ended December 31, 2016, and to provide 2016 year end reserves information as evaluated by Sproule Associates Limited (“Sproule”). Petrus continues to be committed to operating cost and debt reduction as well as improved capital efficiencies and is focused on organic growth 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 with the … Continue Reading

CALGARY, ALBERTA–(Marketwired – Feb. 28, 2017) –

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Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX:PRQ) is pleased to announce the closing of its previously announced acquisition of certain oil and natural gas interests in the Ferrier area (the “Acquisition”) and the concurrent closing of its non-brokered private placement of 4,078,708 common shares of the Company (“Common Shares”) at a purchase price of $2.53 per Common Share, for aggregate gross proceeds of $10,319,131 (the “Private Placement”). A portion of the net proceeds of the Private Placement … Continue Reading

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”). Closing of the Private Placement is expected to occur on or about February 28, 2017, and is subject to receipt of all requisite approvals, including the approval of the Toronto Stock Exchange. A portion of … Continue Reading

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 production as well as a 100% working interest in a drilled and completed Cardium horizontal well (“Non-Producing Well”) which is expected to be tied in later in 2017 and production rates are expected to be consistent with wells … Continue Reading

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, the Company reduced the amount outstanding by $7 million through working capital and available credit facilities. The interest rate on the $35 million balance will remain unchanged at the Canadian Dealer Offered Rate … Continue Reading