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.

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Petrus Resources Ltd > PETRUS CEO AND CFO INTERVIEW 12 01 2022

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Comment by Seppelton Dec 02, 2022 6:11pm

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Post# 35147865

RE:PETRUS CEO AND CFO INTERVIEW 12 01 2022

The $140-$150 million is not free cash flow. After deducting the capex, free cash flow is about $15-$20 million which will be profitable used for debt reduction. Of course, if oil and gas prices are above the prices used in the forecast free cash flow will be higher.
Production and other data mentioned in the interview is about same as in the latest presentation. The COO wasn't very specific if the 4 none operated wells were drilled in Ferrier or North Ferrier and how many of the 15 operated wells were in North Ferrier.

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