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BRIEF-Petrus Resources Announces Disposition Of Non-Core Assets And Operations Update

Published 2019-12-09, 06:37 a/m
Updated 2019-12-09, 01:19 p/m
BRIEF-Petrus Resources Announces Disposition Of Non-Core Assets And Operations Update

BRIEF-Petrus Resources Announces Disposition Of Non-Core Assets And Operations Update

Dec 9 (Reuters) - Petrus Resources Ltd PRQ.TO :

* PETRUS RESOURCES ANNOUNCES DISPOSITION OF NON-CORE ASSETS AND OPERATIONS UPDATE

* PETRUS RESOURCES LTD- IN Q3 2019, PRODUCTION IN THE COMPANY'S FOOTHILLS AREA AVERAGED APPROXIMATELY 390 BOE/D

* PETRUS RESOURCES-ENTERED INTO AGREEMENT FOR SALE OF OIL & NATURAL GAS INTERESTS IN FOOTHILLS AREA OF ALBERTA TO ARM'S LENGTH PRIVATE CO FOR $1.8 MILLION

* PETRUS RESOURCES- CAPITAL PLAN OF CO TARGETS MODEST CASH FLOW & PRODUCTION GROWTH WHILE DIRECTING IN EXCESS OF $10 MILLION TOWARD DEBT REDUCTION IN 2020

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