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Petrus Resources Ltd T.PRQ

Alternate Symbol(s):  PTRUF

Consumer Cyclical Energy Advertising Agencies Oil & Gas E&P
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

Petrus Resources Ltd > Monthly Activity Update
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Comment by sportstermathewon May 16, 2023 10:23am
263 Views
Post# 35450162

RE:Monthly Activity Update

RE:Monthly Activity Update Things have not looked so good since they posted putting a hold on CAPEX till they figure out what they want to do longer term.

They spent a lot of money in the 1st quarter, 2nd quarter was supposed to do some drilling in a new area?

Short sellers are around.

Dividend not so sure now for a while at least.

NG prices heading back to $2.50 for NYMEX at least.  Whether Canadian companies are going to have any help is another matter.

Would like to buy more but don't want a lot of dead money.






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Dealroom for high-potential pre-IPO opportunities