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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

Comment by Seppelton Nov 17, 2021 11:23am
174 Views
Post# 34136320

RE:RE:Nice rally today

RE:RE:Nice rally today topdop, the high debt was a huge burden resulting in limited drilling and excessive hedging. This is not the case anymore but it will take time. As long as commodity prices stay where they are, the company should be able to gradually restore production without excessive borrowing. With current hedges reduced in Q1, $1.50-$2 in 2022 is a reasonable target. Could be higher if oil breaks above the current range.
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