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Petrus Resources ( (TSE:PRQ) ) has shared an announcement.
Petrus Resources has announced its 2025 budget guidance, emphasizing disciplined capital investment to maintain production, increase liquids weighting, and enhance capital efficiency. The company plans to allocate $40 million to $50 million towards development drilling and strategic infrastructure, aiming for an annual production of 9,000 to 10,000 boe per day and generating $45 million to $55 million in annual funds flow. Petrus aims to maintain its net debt flat and pay a monthly dividend, remaining flexible to adapt to market dynamics and ensuring long-term sustainability.
More about Petrus Resources
Petrus Resources is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions, and risk-managed exploration in Alberta.
YTD Price Performance: -8.22%
Average Trading Volume: 42,573
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$163.9M
For an in-depth examination of PRQ stock, go to TipRanks’ Stock Analysis page.