March 8, 2018 / 1:36 PM / 9 months ago

BRIEF-Petrus Resources Reports Qtrly Funds Flow Per Share Fully Diluted $0.26

March 8 (Reuters) - Petrus Resources Ltd:

* PETRUS RESOURCES LTD - QTRLY FUNDS FLOW PER SHARE FULLY DILUTED $0.26

* PETRUS RESOURCES LTD - FOURTH QUARTER AVERAGE PRODUCTION WAS 10,711 BOE/D IN 2017 COMPARED TO 8,595 BOE/D IN 2016

* PETRUS RESOURCES LTD - BOARD HAS APPROVED 2018 CAPITAL BUDGET OF $25 TO $30 MILLION, WITH EXCESS FUNDS FLOW TO BE DIRECTED TOWARD DEBT REPAYMENT

* PETRUS RESOURCES LTD - PETRUS ESTIMATES DEBT REPAYMENT BETWEEN $10 AND $15 MILLION IN 2018

* PETRUS RESOURCES - ESTIMATES 2018 CAPITAL PROGRAM WILL INCREASE PRODUCTION Y-O-Y BY 2% TO AVERAGE ANNUAL 2018 PRODUCTION OF ABOUT 10,350 BOE/D

* PETRUS RESOURCES - 2018 CAPITAL PROGRAM IS EXPECTED TO BE FUNDED THROUGH FUNDS FLOW AND WORKING CAPITAL Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below