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Petrus Resources Ltd.
20 articles mentioning Petrus Resources Ltd.
Petrus Resources Ltd. First Quarter 2023 Results
Petrus Resources Ltd. announced first quarter 2023 results. Highlights Higher production – Production was up 54% from 7,379 boe/d(1) in the first quarter of 2022 to 11,385 boe/d in the first quarter of 2023. The increase...
Petrus Resources Second Quarter 2022 Results
Petrus Resources Ltd. reported its second quarter 2022 results. Q2 2022 Highlights: Production up 15% – Production was up 15% from 6,309 boe/d in the second quarter of 2021 to 7,280 boe/d in the second quarter...
Petrus Resources First Quarter 2021 Results
Petrus Resources Ltd. reported its Q1 2021 results. Highlights: Commodity price improvements – Realized price per boe increased by 27% in the first quarter of 2021 compared to the fourth quarter of 2020; from $24.05/boe to...
Petrus Resources Shuffles Exec Team; Taps New CEO, VP of Finance
Petrus Resources Ltd. reported that Mr. Ken Gray has been appointed as President and Chief Executive Officer of Petrus. Concurrently, Neil Korchinski has resigned as President, CEO and a Director of the Company. Mr. Gray is...
Petrus IDs Budget for Q1 2021; Plans to Drill Three Cardium Wells
Petrus Resources Ltd. detailed its first quarter capital budget and outlook for 2021. Petrus’ Board has approved a first quarter 2021 capital budget of $9.0 million to drill three (2.1 net) Cardium wells in the Ferrier...
Petrus Resources Third Quarter 2020 Results
Petrus Resources Ltd. reported its Q3 2020 results. Q3 Summary In the third quarter of 2020 Canadian natural gas forward prices experienced significant gains. The improved pricing in conjunction with Petrus’ 70% natural gas weighting have...
Petrus Resources Reports Departure of CFO
Petrus Resources Ltd. announces that Ms. Cheree Stephenson has tendered her resignation as VP Finance and Chief Financial Officer to pursue other business opportunities. Ms. Stephenson has advised she will remain with the Company until mid...
Petrus to Evaluate 2020 Spending on Quarterly Basis; IDs Q1 Capex, Well Plans
Petrus Resources Ltd. has detailed its first quarter capital budget and outlook for 2020. Petrus’ Board of Directors has approved a first quarter 2020 capital budget of $9.0 million. This will be used to drill two...
Petrus' Credit Facility Cut, Majority is Drawn; Defers Cardium Drilling to Q3
Petrus Resources Ltd. has reported changes to its credit facility as well as a Cardium operations update. Credit Facility Decreased by $10MM; Nearly All is Drawn The 2019 annual review of the RCF has been completed....
Petrus Only Reveals Capex for 1Q19 Due to Weak Pricing; Touts 2,000 BOEPD Cardium IPs
Petrus Resources Ltd. has reported its 2019 outlook and has only released its spending plans for 1Q19 due to the price volatility seen in recent months. The company has approved a first quarter 2019 capital budget...
Petrus Credits Ferrier Cardium Wells for 24% Production Growth
Cardium operator Petrus Resources details its 2017 production rates as well as its drilling activity.
Petrus Budgets $27.5MM for 2018, Plans to Drill 9 Wells
Petrus Resources released an operations update and its preliminary 2018 capital expenditure and drilling plan. Highlights include: 2018 Plans Capital Expenditures : $25 to $30 million Production: an average of 10,350 boe/d In 2018, Petrus plans...
Petrus Resources Drilling 16 Cardium Wells in 2017
Drilling 16 gross (11.7 net) Cardium wells at Ferrier
Petrus Resources President & CEO Resigns
Petrus Resources reported that Kevin Adair has resigned from his positions as President and Chief Executive Officer, and as a director of Petrus.
Petrus Inks Cardium Acreage Swap; Plans Three Wells for 1H16
The swap will add to the company's Ferrier assets.
Petrus Wraps Up $30 Million Financing Transaction
Petrus Resources Ltd. reported that the previously announced plan of arrangement involving...
Petrus Resources Drilling 10 Wells, Staying in Cash Flow
Curt Ziemer has been appointed Vice-President, Finance and Chief Financial Officer of the Company.
Petrus to Drill 5 Wells in H1 2015
Approved an initial capital budget of $50 million for 2015.
Petrus Resources Makes Board Appointment
Donald Cormack is a retired Partner of PricewaterhouseCoopers who has specialized in the oil and gas industry for over 35 years.
Petrus Touts High-Rate Cardium Wells; IDs 2014 CapEx
Petrus Resources Ltd. has reported a general operational update, including information on its 2014 capital budget and increased credit facilities.