Petrus Resources Ltd T.PRQ

Alternate Symbol(s): PTRUF

Petrus Resources Ltd. is a Canadian energy company. The principal undertaking of the Company is the investment in energy business-related assets. The operations of the Company consist of the acquisition, development, exploration and exploitation of these assets. Its assets include Ferrier, North Ferrier, Thorsby and Foothills. Its core area, Ferrier, is a resource play. The Ferrier is a liquids rich Cardium gas play. North Ferrier is an extension of its core Ferrier area. Its Thorsby asset is located in the central part of the province. Its properties, located in the foothills of Alberta, are a more minor area for the Company.

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Petrus Resources Ltd > Monthly Activity Update

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Comment by sportstermathewon May 16, 2023 10:23am

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Post# 35450162

RE:Monthly Activity Update

Things have not looked so good since they posted putting a hold on CAPEX till they figure out what they want to do longer term.

They spent a lot of money in the 1st quarter, 2nd quarter was supposed to do some drilling in a new area?

Short sellers are around.

Dividend not so sure now for a while at least.

NG prices heading back to $2.50 for NYMEX at least. Whether Canadian companies are going to have any help is another matter.

Would like to buy more but don't want a lot of dead money.

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