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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 llerrad5on Dec 04, 2023 11:17am
152 Views
Post# 35767093

RE:RE:PRQ's possible growth prospects

RE:RE:PRQ's possible growth prospectsFrom te Sept report:

Drilling on the second North Ferrier pad continued throughout September. Operations
went smoothly and drilling wrapped up in the middle of October. The completion
operations for these wells have been scheduled for later in Q4 to align with timing of
the new North Ferrier pipeline coming into service. Construction on the North Ferrier
infrastructure expansion project kicked off in early October and is well underway. We
look forward to providing updates on the progress of this strategic infrastructure and
the incremental production associated with the recent North Ferrier drilling in future
reports.

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