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BRIEF-Petrus Resources Quarterly average production was 8,338 boe/d

Published 2018-11-08, 10:38 p/m
Updated 2018-11-08, 10:40 p/m
© Reuters.  BRIEF-Petrus Resources Quarterly average production was 8,338 boe/d

© Reuters. BRIEF-Petrus Resources Quarterly average production was 8,338 boe/d

Nov 8 (Reuters) - Petrus Resources Ltd PRQ.TO :

* PETRUS RESOURCES ANNOUNCES THIRD QUARTER 2018 FINANCIAL & OPERATING RESULTS

* DEVELOPMENT PROGRAM RECOMMENCED DURING Q3 AS PLANNED AND PETRUS DRILLED 5 (2.9 NET) WELLS DURING SECOND HALF OF 2018

* PETRUS - EXPECTS REMAINING CAPITAL PROGRAM WILL BE FUNDED BY FUNDS FLOW AND WORKING CAPITAL;TARGETING TO END 2018 WITH DEBT NO GREATER THAN $135 MILLION

* GENERATED FUNDS FLOW OF $7.7 MILLION IN Q3 OF 2018

* Q3 AVERAGE PRODUCTION WAS 8,338 BOE/D IN 2018 COMPARED TO 10,567 BOE/D FOR SAME PERIOD IN 2017

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