Petrus Resources Reports Record Q3 Production and Plans Accelerated Drilling
Petrus Resources Ltd. reported record production levels for the third quarter of 2026, achieving an average daily volume of 12,152 barrels of oil equivalent (BOE). Oil production specifically averaged 2,007 barrels per day during this period, marking a significant operational milestone for the company. Looking ahead, CEO Ken Gray announced plans to accelerate drilling activities in December. The company expects its net debt to settle near $80 million by year-end as it continues to scale operations and manage its capital structure.
Tickers: $PTRUF
Topics: oil production quarterly earnings record volumes
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