Petrus Resources (TSE:PRQ) has released an update.
Petrus Resources Ltd. has reported an encouraging increase in oil production by 26% and a 3% rise in total production to 9,783 boe/d in the first quarter of 2024, compared to the previous quarter. Financially, the company maintained a steady funds flow of $16.3 million and sustained net debt, with a promising outlook for production and continued monthly dividends backed by a significant portion of hedged production for the remainder of 2024.
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