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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 topdopon Apr 27, 2022 12:14pm
91 Views
Post# 34635904

RE:RE:RE:Almost there

RE:RE:RE:Almost there

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 stable base production. Based on the mid-month closing of the deal we realized a partial month of these acquired volumes in March, which helped offset natural declines in Ferrier and allowed Petrus to increase production in the area by approximately 170 boe/d.

Infrastructure constraints impacting Petrus’ operated North Ferrier well continued to improve throughout February and March. This permitted gradual increases in flow rates from the well, which resulted in production growth of 147 boe/d month over month in our North Ferrier area"

So there it is. A gradual improvement in the well you speak of. I don't believe from reading these reports that it is 100% un throttled (yet).
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