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Company News

BRIEF-Petrus Resources Announces Operations Update And 2018 Outlook

Dec 15 (Reuters) - Petrus Resources Ltd:

* PETRUS RESOURCES ANNOUNCES OPERATIONS UPDATE AND 2018 OUTLOOK

* PETRUS RESOURCES LTD- BOARD OF DIRECTORS HAS APPROVED A 2018 CAPITAL BUDGET OF $25 TO $30 MILLION

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

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

* PETRUS RESOURCES LTD - ESTIMATES ITS COST TO ADD PRODUCTION IN 2017 WILL BE ABOUT $14,000 PER BOE/D

* PETRUS RESOURCES LTD - 2018 CAPITAL PROGRAM IS EXPECTED TO BE FUNDED THROUGH CASH FLOW AND WORKING CAPITAL

* PETRUS RESOURCES - BASED ON ESTIMATED YEAR-END PRODUCTION OF 11,000 BOE/D, CAPEX, EXPECTS COST TO ADD PRODUCTION IN 2017 TO BE ABOUT $14,000 PER BOE/D Source text for Eikon: Further company coverage:

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