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Petrus Resources

Company Summary

Description

Petrus is a public Canadian oil and gas company focused on property exploitation and strategic acquisitions in Alberta. The Company has established a sustainable platform of low decline, low operating cost assets with a multi-year inventory of repeatable, low risk, economic drilling locations. Petrus has 45.3 million shares issued and outstanding.

Website

http://www.petrusresources.com/

Operational Regions

  • Cardium Tight Oil Formation
  • Western Canadian Sedimentary Basin

Financial Data:


Tickers:

  • PRQ - Toronto Stock Exchange

Related Entities

Recent news

  • 6/22/2023 - Petrus Resources... (subscriber access)
  • 3/17/2023 - Petrus Resources Reports... (subscriber access)
  • 3/17/2023 - Petrus Resources Reports... (subscriber access)
  • 5/31/2022 - Petrus Resources... (subscriber access)
  • 3/15/2022 - Petrus Resources Closes... (subscriber access)

Investor Presentations

  • March 2019 Corporate Presentation
  • 4Q17 Corporate Presentation (subscriber access)
  • December 2017 Corporate Presentation (subscriber access)
  • 4Q16 Investor Presentation (March 2017) (subscriber access)

Company Transactions

Date: 3/3/2021
Type: Acquisition

BUYERS:
  • Petrus Resources
    • DETAILS:

    COST: 14.4 $MM

    VOLUMES: 0.45 MBOE/d

    NOTES:
    Petrus Resources announces agreement to acquire a private LP and the same firms GP in Ferrier, Alberta for $14.4MM. The acquisition will provide a base production of 425 boe/d, 83.0% from conventional natural gas, 13.5% from NGLs, and 3.5% from light oil. The Cardium land position in Ferrier is nearby Petrus' established assets and will provide low-risk drilling at a low cost with high return wells in the area.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 3/30/2020
    Type: Acquisition

    SELLERS:
  • Petrus Resources
    • DETAILS:

    COST: 1.8 $MM

    VOLUMES: 390 BOE/d

    NOTES:
    Petrus Resources entered into an agreement for the sale of its oil and natural gas interests in the Foothills area of Alberta to an arm's length private company for $1.8 million.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 2/28/2017
    Type: Acquisition

    BUYERS:
  • Petrus Resources
    • DETAILS:

    VOLUMES: 40 BOE/d

    ACRES: 3360 Acres

    NOTES:
    Petrus to acquire 3,600 net acres of undeveloped land in the Ferrier area. The Company will also add 40 boe/d of production and a Cardium horizontal well to its portfolio.
    REGIONS:
  • Cardium Tight Oil Formation

    • Date: 7/8/2016
    Type: Acquisition

    BUYERS:
  • Rising Star Resources Ltd
    • SELLERS:
  • Petrus Resources
    • DETAILS:

    COST: 30 $MM

    VOLUMES: 1 MBOE/d

    ACRES: 85530 Acres

    REGIONS:
  • Peace River