Core Viewpoint - Petrus Resources Ltd. has successfully closed the acquisition of oil-weighted Cardium assets in the Harmattan area of Alberta for approximately $33.4 million, alongside the completion of equity financings and the approval of its 2026 capital budget and guidance [2][3][5]. Acquisition Details - The acquisition involves oil-weighted Cardium light oil assets in the Harmattan area, with total consideration of approximately $33.4 million, subject to customary adjustments [2]. - The acquisition is expected to enhance the company's production profile and increase its exposure to higher-margin liquids [6]. Equity Financing - Petrus closed an upsized bought-deal private placement and a concurrent non-brokered private placement, issuing 11,814,285 common shares at $1.75 per share, generating gross proceeds of approximately $20.7 million [3]. - The net proceeds from the equity offerings were utilized to repay debt incurred for the acquisition [3]. 2026 Capital Budget and Guidance - The Board of Directors approved a capital budget of $50 million to $60 million for 2026, focusing on developmental drilling in the core Ferrier area and the newly acquired Harmattan assets [5]. - The budget is based on price assumptions of USD $65.00 per barrel for oil and CAD $2.50 per GJ for natural gas [5]. Production and Financial Expectations - Petrus anticipates average production of 11,000 to 12,000 barrels of oil equivalent (boe) per day in 2026, with a mix of approximately 40% oil and liquids and 60% natural gas [7][23]. - The company projects funds flow of $60 million to $65 million, equating to approximately $0.40 per share, and plans to maintain a monthly dividend of $0.01 per share [7]. - The company expects to exit 2026 with net debt of approximately $75 million to $80 million, maintaining a net debt to funds flow ratio of 1.2x to 1.3x [7]. Strategic Focus - The capital program aims to sustain production levels, improve capital efficiencies, and generate free funds flow while integrating the newly acquired assets into the company's operations [4][6]. - Petrus has hedged approximately 57% of its forecasted 2026 production at an average price of CAD $86.22 per barrel for oil and CAD $2.88 per GJ for natural gas, with plans for additional hedging [8].