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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

Post by topdopon Dec 13, 2021 8:47am
312 Views
Post# 34224321

Finally, an Operational update

Finally, an Operational update
"... approved a 2022 capital budget of $50 to $55 million, which is expected to deliver average annual production in the range of 7,000 to 7,500 boe per day"

delivering: "... a forecasted increase of approximately 25% compared to 2021 estimates"

and an; "... 2022 exit production rate of 8,500 to 9,000 boe per day (62% conventional natural gas, 25% light crude oil and 14% natural gas liquids), a projected increase of 40-50% compared to 2021 average annual production.".

Notice the forecast liquids % ? I like that.
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