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Petrus Resources Ltd T.PRQ

Alternate Symbol(s):  PTRUF

Petrus Resources Ltd. is a Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. The Company has an inventory of low-risk oil and natural gas development assets in its Ferrier, North Ferrier and Thorsby operating areas. Its core area, Ferrier, is a resource play. The Ferrier is a liquid 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. The Company is also evaluating Kakwa, an early-stage Dunvegan oil play, for potential further long term development.


TSX:PRQ - Post by User

Bullboard Posts
Comment by mike49on Dec 14, 2019 6:43pm
183 Views
Post# 30455821

RE:RE:RE:Aggressive cost cuts & highly profitable wells

RE:RE:RE:Aggressive cost cuts & highly profitable wellsYa, I don't get the size of c-suite in some of these companies.these 3 all make (made) over 200 k a year not counting option awards.
you are right about consultants- lots of good ones out there but their compensation has to be justified,and explained, as well.
my thought on a severance package (if any) is that the cost would eat up a good chunk of the sale price they just received for foothills assets. Do what you gotta do tho.
I work with so many people in the patch that see field level and local office staffing cut but seems upstairs stays the same.not a happy bunch.
maybe petrus doing a little morale boost for the troops,if you can call it that.
Anyway, I think the direction is right here,finally.
Onward

Bullboard Posts