PETRUS RES LTD

Petrus Resources reports an operating netback of CAD 24.9m in Q2 2026 (+92% year‑over‑year) and average production of 11,070 BOE/day (+21%). Production exceeded 12,000 BOE/day for the first time in June; realized price was CAD 37.66/BOE (+46%). Management expects capital expenditures at the upper end of the CAD 50–60m range and is targeting a year‑end production rate of around 12,000 BOE/day or slightly higher. Risks remain weaker natural gas prices, pipeline constraints in North Ferrier and a low Current Ratio. » More on de.investing.com

Petrus Resources acquired Cardium assets from Harmattan for $33.4 million, lifting pro-forma 2026 production to 11,000–12,000 boe/d (+20%) and raising the liquids share to about 40%. The deal adds ownership of key infrastructure, improves cash-flow quality and increases expected funds flow per share by roughly 9% to $0.39–0.43. The 2026 capital program of $50–60 million is expected to be largely funded by projected funds flow; the company targets net debt of 1.2–1.3x funds flow while paying a monthly dividend of $0.01 per share. Petrus highlights operational efficiency in the Ferrier area, lower drilling costs and short payback periods on projects as the basis for risk-managed growth. » More on de.investing.com

Petrus has acquired Harmattan for USD 33.4 million, increasing the liquids share to 40% and lifting pro forma production for 2026 to 11,000–12,000 boe/d. The transaction adds 2,000 boe/d of oil‑weighted Cardium production, significant 2P reserves and 22,626 acres, and was completed at attractive valuation metrics. Petrus expects funds flow of USD 60–65 million (up 19%) with net debt of around USD 62.5 million and a leverage ratio of 1.2–1.3. The company emphasizes operational efficiency in Ferrier, fast payback times and the maintenance of the monthly dividend of USD 0.01. » More on de.investing.com