Petrus Resources Ltd. (PTRUF) Research

Petrus Resources Ltd. (PTRUF) is a Canadian energy company focused on the entire lifecycle of oil and gas assets, from securing new properties to exploring, developing, and ultimately producing resources across Western Canada. Its operational strategy emphasizes a risk-conscious approach to exploration activities. The company primarily targets natural gas, natural gas liquids (NGLs), crude oil, and condensate in its exploration efforts. Petrus holds significant interests in key Western Canadian land blocks. For instance, in the Ferrier/Strachan region, situated in west-central Alberta near Rocky Mountain House, the company maintains an average 51% working interest across 43,159 net acres. This acreage is divided into 29,219 net undeveloped acres and 13,940 net developed acres. Another notable holding is in the Thorsby/Pembina area, southwest of Edmonton, Alberta, where Petrus has an average 64% working interest in 69,042 net acres. This parcel comprises 22,135 net undeveloped acres and 46,907 net developed acres. Additionally, the company possesses an average 50% working interest in the Foothills region, situated northwest of Rocky Mountain House, Alberta. This area totals 37,435 net acres, with a breakdown of 30,748 net undeveloped acres and 6,687 net developed acres. Founded in 2015, Petrus Resources Ltd. maintains its corporate headquarters in Calgary, Canada.

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