Bullboard - Stock Discussion Forum 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... see more

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TSX:PRQ - Post Discussion

Petrus Resources Ltd > More liquids

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Post by topdop on Jul 03, 2024 11:14am

More liquids

Validating my April posting, and anther one before that in which I note rising NGL & Oil production, PRQ now clearly states that it is strategy.

In its June 27 MAU, PRQ confirms it's looking to further increase liquids production.

"Given the recent decline in Canadian natural gas prices, the Petrus team has been focusing on evaluating and implementing initiatives that will increase liquids production. This includes strategic processing arrangements with midstream partners and adjustments to operated facilities to achieve higher NGL recovery rates. We are also pursuing opportunities that leverage our operated infrastructure to generate additional cash flow through third party transportation and processing revenue."

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