Jan 14 (Reuters) - Petrus Resources Ltd PRQ.TO :
* PETRUS RESOURCES ANNOUNCES FIRST QUARTER CAPITAL BUDGET AND OUTLOOK FOR 2020
* PETRUS RESOURCES LTD - BOARD APPROVED A Q1 2020 CAPITAL BUDGET OF $9.0 MILLION
* PETRUS RESOURCES - WILL CONTINUE TO MONITOR CANADIAN COMMODITY PRICE ENVIRONMENT, WILL EVALUATE SUBSEQUENT QUARTER CAPITAL SPENDING AS YEAR PROGRESSES
* PETRUS RESOURCES - EXPECTS IT WILL DRILL MAJORITY OF ITS ANTICIPATED 2020 CAPITAL PLAN FROM EXISTING SURFACE LEASES
* PETRUS RESOURCES LTD - ANTICIPATES THAT 2020 CAPITAL PLAN WILL BE FUNDED BY FUNDS FLOW