Core Insights - Petrus Resources reported a 7% increase in production and a 17% increase in cash flow compared to the previous year, despite facing significant commodity price challenges [2] - The company effectively managed oil and gas price volatility through hedging strategies and optimizing its product mix, allowing it to maintain strong financial performance [2] - The average WTI oil price for the quarter was USD 65 per barrel, reflecting a 14% decrease year-over-year, while the AECO spot natural gas price fell to an all-time low of $0.25 per Mcf, down 8% overall for the quarter [2] Production and Financial Performance - Production increased by 7% year-over-year, indicating successful operational strategies [2] - Cash flow rose by 17%, showcasing the company's ability to generate revenue despite adverse market conditions [2] - Realized oil prices decreased by only 10%, while realized gas prices increased by 15% compared to the previous year, demonstrating effective pricing strategies [3]