Petrus Resources Ltd T.PRQ

Almost there

[Augataag]

So if you wanted to buy rights to be excercised they had to be purchased today to be cleared for excercising by end of day Apr 25th.

So the arbitrage is now over so capital will be directed soley at the share price. I couldn't believe I was able to guy today around $2.00

I would imagine a fairly quick return to the previous 52 week high once everyting is settled.

Looking forward to the March procution update with a full month of the unthrottled North Ferrier well and the addition of the acquired property. That should put us between 7500 and 8000 boe/d. A damn nice increase for Q1.

At these prices the well paybacks should be approx 4 months now - I am very optimistic about this company!

GLTA

[topdop]

Hey @Augataag, agreed on the very promising Q's going fwd although a +8kboe/d production bump looks high. On the matter of Settlement, you are incorrect. Here is the announcement from the TSX wrt the PRQ.RT's and trading of same: "The TSX reports that trades in the rights on April 22, 2022, will settle on April 25, 2022, trades on April 25, 2022, will settle on April 26, 2022

[Seppelt]

I did a lot of trading this past week or two buying and selling rights and then sold all my rights including those received. Decided not to bother calling my bank buying shares in exchange for rights. The market, including energy equities, is currently under pressure fearing higher interest rates or whatever so there should be an opportunity to buy low in the open market.

[Augataag]

topdop - sorry I forgot to reply to thank you for the clarity. I'm trying to wrap my head aroung the North Ferrier well. I recall hearing that it was over 1000 BOE/D when unthrottled - and the growth so far seems to support that as it is still throttled back. Onward and upward from here.

[Seppelt]

Here is March monthly update: https://static1.squarespace.com/static/61785537e5f7ac63ee886fa0/t/626858059362c96cfbcd2fb0/1651005446070/March+2022+Activity+Update.pdf

[topdop]

No worries. Thanks all the same. The new Monthly Production report out yesterday states: "The increase of 405 boe/d month over month is largely associated with the acquisition of assets in our core Ferrier area, as well as improvements in infrastructure constraints in North Ferrier. It also states: "The acquisition also included approximately 425 boe/d (83% gas, 17% liquids) of

[geezer21]

Increased production and high prices in Q1, PRQ will issue an outstanding Q1 report