Impact: Slightly positive, as Petrus has disposed of a higher operating cost asset that was attracting minimal capital and will redirect proceeds to improve financial flexibility and drill additional wells targeting the Cardium at its core asset at Ferrier.
11 Jul 2016
ANNOUNCES $30 MM DISPOSITION OF PEACE RIVER ASSETS, UPDATES 2016E SPENDING
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ANNOUNCES $30 MM DISPOSITION OF PEACE RIVER ASSETS, UPDATES 2016E SPENDING
Petrus Resources Ltd. (PRQ:TSE) | 0 0 (-6.7%) | Mkt Cap: 61.8m
- Published:
11 Jul 2016 -
Author:
Michael Hearn -
Pages:
2
Impact: Slightly positive, as Petrus has disposed of a higher operating cost asset that was attracting minimal capital and will redirect proceeds to improve financial flexibility and drill additional wells targeting the Cardium at its core asset at Ferrier.