Petrus Resources (TSE:PRQ) has released an update.
Petrus Resources Ltd. has reported a year-end financial upswing with a 35% increase in annual production and the declaration of regular monthly dividends, alongside a strategic infrastructure investment with the completion of the North Ferrier pipeline. Despite a 39% commodity price decline, the company maintained a strong funds flow and kept net debt below their target ratio. Looking ahead, Petrus has a positive outlook and a 2024 budget focused on drilling and production, with plans to adapt to market changes while prioritizing shareholder returns.
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