Mar 26, 2025 / 03:00PM GMT
Operator
Good day, and thank you for standing by. Welcome to the Petrus Resources Fourth Quarter 2024 Results Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Ken Gray. Please go ahead.
Ken Gray - Petrus Resources Ltd - President, Chief Executive Officer, Director
Good morning, and welcome to Petrus Resources Q4 2024 and year-end earnings call. My name is Ken Gray, CEO of Petrus; and I am joined here by our executive team of Matthew Wang, our CFO; Matt Skanderup, our COO; and Lindsay Hatcher, our VP Commercial and Corporate Development.
The story for Q4 and for 2024 in general was our ability to generate strong cash flow, $12.5 million for the quarter and $50.1 million for the year, and to hold production relatively flat, averaging 9,066 BOE per day in Q4, down only 4% from Q4 2023.
We did this despite working through the lowest gas prices in 30 years. We also did it despite cutting capital over 60% from 2023 in response to
Q4 2024 Petrus Resources Ltd Earnings Call Transcript
Mar 26, 2025
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