Core Insights - Petrus Resources Ltd. reported financial and operational results for Q3 2025, highlighting a 7% increase in average production and a 21% increase in funds flow compared to the previous year [6][3]. Financial Performance - Average production for Q3 2025 was 9,817 boe/d, up from 9,155 boe/d in Q2 2025, with oil and condensate production increasing by 23% [6][7]. - Funds flow reached $12.9 million ($0.10 per share), a 21% increase from $10.7 million ($0.09 per share) in Q3 2024, attributed to higher production volumes and lower royalty expenses despite a 9% decrease in total realized price [6][7]. - Net debt decreased by 5% to $64.9 million, down $3.1 million from Q2 2025 [6][7]. - Capital expenditures for Q3 2025 totaled $8.3 million, with 81% allocated to drilling and completing new wells [6][7]. Production and Pricing - Natural gas production averaged 38,406 mcf/d, while oil and condensate production averaged 1,523 bbl/d [7]. - The total realized price per boe was $21.90, down from $24.07 in Q3 2024 [7][8]. - Operating expenses averaged $5.86/boe, a 4% decrease from $6.10/boe in Q3 2024 [6][7]. Outlook and Strategy - The company plans to drill two new wells in Q4 2025 and expects full-year capital investment to remain within the $40 to $50 million range [3][4]. - Average annual production is forecasted to meet guidance of 9,000 to 10,000 boe/d, with funds flow expected to align with guidance of $45 to $55 million [3][4]. - For 2026, approximately 50% of forecasted production has been hedged at an average price of $2.89/GJ for natural gas and CAD$87.23/bbl for oil, supporting financial stability [4][21].

Core Points - Petrus Resources Ltd. has declared a monthly dividend of $0.01 per share, payable on November 28, 2025, to shareholders of record on November 17, 2025 [1] - The dividend is classified as an eligible dividend for Canadian income tax purposes [1] Dividend Reinvestment Plan (DRIP) - The DRIP allows eligible shareholders to reinvest all or part of their cash dividends into additional common shares at a 3% discount from the market price [2] - Participation in the DRIP is optional for shareholders [2] Enrollment and Participation - Registered shareholders must submit a completed enrollment form to Odyssey Trust Company by 4:00 p.m. Calgary time on the 5th business day before the dividend record date to participate in the DRIP [3] - Beneficial shareholders should contact their broker for eligibility and enrollment instructions [3] - Participation may be restricted for shareholders not residing in Canada [3] Additional Information - Detailed information about the DRIP and enrollment forms can be found on the Company's and Odyssey's websites [4] - For further inquiries, shareholders can contact Ken Gray, President and CEO of Petrus [6] Company Overview - Petrus Resources Ltd. is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions, and risk-managed exploration in Alberta [5]

Core Viewpoint - Petrus Resources Ltd. has declared a monthly dividend of $0.01 per share, payable on October 31, 2025, to shareholders of record on October 15, 2025, designated as an eligible dividend for Canadian income tax purposes [1] Dividend Reinvestment Plan (DRIP) - The DRIP allows eligible shareholders to reinvest all or part of their cash dividends into additional common shares at a 3% discount from the market price [2] - Registered shareholders must submit an enrollment form to Odyssey Trust Company before 4:00 p.m. on the 5th business day prior to the dividend record date to participate in the DRIP [3] - Beneficial shareholders should contact their broker for eligibility and enrollment instructions, with potential restrictions for non-resident shareholders [3] Company Overview - Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions, and risk-managed exploration in Alberta [5]

Core Points - Petrus Resources Ltd. has declared a monthly dividend of $0.01 per share, payable on September 29, 2025, to shareholders of record on September 15, 2025 [1] - The dividend is classified as an eligible dividend for Canadian income tax purposes [1] Dividend Reinvestment Plan (DRIP) - The DRIP allows eligible shareholders to reinvest all or part of their cash dividends into additional common shares at a 3% discount from the market price [2] - Participation in the DRIP is optional for shareholders [2] - Registered shareholders must submit an enrollment form to Odyssey Trust Company before 4:00 p.m. on the 5th business day prior to the dividend record date to participate [3] Company Overview - Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions, and risk-managed exploration in Alberta [5]

Core Viewpoint - Petrus Resources Ltd. reported its financial and operational results for Q2 2025, highlighting increased production, capital spending, and strategic hedging to maintain financial stability amid fluctuating commodity prices [1][2][4]. Financial Performance - Average production for Q2 2025 was 9,155 boe/d, a 3% increase from 8,929 boe/d in Q1 2025 [5]. - Oil and natural gas sales amounted to CAD 21.5 million in Q2 2025, down from CAD 23.6 million in Q1 2025 [7][15]. - Net income for Q2 2025 was CAD 10.4 million, compared to a net loss of CAD 3.1 million in Q1 2025 [7][15]. - Funds flow generated was CAD 12.3 million, consistent with the previous quarter [5][7]. Production and Capital Activity - Capital spending in the first half of 2025 reached CAD 30.5 million, a 58% increase from the same period in 2024 [5][7]. - The company completed drilling and completion operations on four operated wells, which began production in mid-July [3][4]. - Average liquids weighting increased to 35% in Q2 2025, up from 33% in Q1 2025 [5]. Cost Management - Operating expenses averaged CAD 6.10/boe in Q2 2025, down 10% from CAD 6.76/boe in Q1 2025 [5][7]. - The cost to drill, complete, equip, and tie in a two-mile well decreased by approximately 25% compared to the average over the past three years [5]. Commodity Prices and Hedging - Total realized price was CAD 25.77/boe in Q2 2025, a 12% decrease from CAD 29.35/boe in Q1 2025 [5][7]. - Approximately 60% of forecasted production for the remainder of 2025 is hedged at an average price of CAD 2.70/GJ for natural gas and CAD 92.09/bbl for oil [4][21]. Outlook - Full-year capital investment is forecasted to remain within the 2025 budget range of CAD 40 to 50 million, with average annual production expected to be between 9,000 and 10,000 boe/d [3][4][21]. - The company remains optimistic about its 2025 development program and overall performance due to constructive forward commodity prices [4][21].

Core Viewpoint - Petrus Resources Ltd. has declared a monthly dividend of $0.01 per share, payable on August 29, 2025, to shareholders of record on August 15, 2025, designated as an eligible dividend for Canadian income tax purposes [1] Dividend Reinvestment Plan (DRIP) - The DRIP allows eligible shareholders to reinvest cash dividends into additional common shares at a 3% discount from the market price [2] - Registered shareholders must submit an enrollment form to Odyssey Trust Company before 4:00 p.m. on the 5th business day prior to the dividend record date to participate in the DRIP [3] - Beneficial shareholders should contact their brokers to determine eligibility and obtain enrollment instructions, with potential restrictions for non-resident shareholders [3] Company Overview - Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions, and risk-managed exploration in Alberta [5]

Core Points - Petrus Resources Ltd. has declared a monthly dividend of $0.01 per share, payable on July 31, 2025, to shareholders of record on July 15, 2025 [1] - The dividend is classified as an eligible dividend for Canadian income tax purposes [1] Dividend Reinvestment Plan (DRIP) - The DRIP allows eligible shareholders to reinvest cash dividends into additional common shares at a 3% discount from the market price [2] - Participation in the DRIP is optional for shareholders [2] - Registered shareholders must submit an enrollment form to Odyssey Trust Company before 4:00 p.m. on the 5th business day prior to the dividend record date to participate [3] Company Overview - Petrus Resources is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions, and risk-managed exploration in Alberta [5]

Core Viewpoint - Petrus Resources Ltd. reported its financial and operational results for Q1 2025, highlighting stable production levels, strategic capital investments, and a focus on maintaining financial stability through hedging and infrastructure development [1][2][4]. Financial Performance - Average production for Q1 2025 was 8,929 boe/d, slightly down from 9,066 boe/d in Q4 2024 [6][8]. - The total realized price increased by 11% to $29.35/boe from $26.45/boe in the previous quarter, primarily due to improved natural gas pricing [6][8]. - Funds flow generated was $12.5 million, or $0.10 per share, maintaining gains from Q4 2024 [6][9]. - The company paid a regular monthly dividend of $0.01 per share, totaling $3.8 million, with $2.6 million reinvested under the dividend reinvestment plan [6][9]. Capital Expenditures - Petrus invested $17.3 million in capital during the quarter, with approximately 60% directed towards drilling, completing, and tying in 7 gross (4.1 net) wells [6][8]. - The remaining capital expenditures were focused on the construction of a 12-kilometer expansion of the North Ferrier pipeline, aimed at enhancing access to undeveloped lands and cost-effective transportation of natural gas [6][8]. Debt and Financial Stability - Net debt increased to $66.0 million as of March 31, 2025, with a net debt to annualized funds flow ratio of 1.3x, attributed to high capital spending [6][9]. - The company anticipates a decline in net debt in the second half of the year, forecasting a return to the 2025 guidance target of $60 million by year-end [4][6]. Production and Pricing Details - Natural gas production averaged 35,689 mcf/d, while oil and condensate production averaged 1,202 bbl/d, and NGLs averaged 1,777 bbl/d [8][9]. - The realized price for natural gas was $2.25/mcf, while oil and condensate realized $92.73/bbl, and NGLs realized $39.54/bbl [8][9]. Outlook - The 2025 capital program is on schedule, with drilling operations continuing through spring breakup and production expected to come online later in May [3][4]. - Approximately 56% of forecasted production for 2025 is hedged at an average price of $2.67/GJ for natural gas and CAD$94.75/bbl for oil, positioning the company to achieve guidance targets [4][6].

CALGARY, Alberta, May 01, 2025 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to confirm that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable May 30, 2025, to shareholders of record on May 15, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Dividend Reinvestment Plan ("DRIP")Petrus' DRIP enables eligible shareholders to reinvest all or part of their cash dividends into addi ...