Petrus Resources Ltd (TSX:PRQ)

Q1 2025 Petrus Resources Ltd Earnings Call Transcript

May 08, 2025 / 05:00PM GMT

Release Date Price: C$1.26 (-1.18%)

Transcript

Operator

Ladies and gentlemen, thank you for standing by and welcome to Petrus Resources first quarter 2025 results call.

(Operator Instructions)

I would like now to turn the conference over to Ken Gray, Chief Executive Officer. Please go ahead.

Ken Gray

Petrus Resources Ltd - President, Chief Executive Officer, Director

Welcome to Petrus Resources 2025 Q1 earnings call.

My name is Ken Gray, CEO of Petrus, and I'm joined here by our executive team of Matthew Wong, CFO Matt Skanderup, COO, and Lindsay Hatcher, VP Commercial and Corporate Development.

Our last conference call was just a little over a month ago, so I'll keep this brief. For the quarter, we spud seven wells, 4.1 net. And they put 2 1.7 net of those wells on production to date. Spring conditions have held us up a bit on completions, but we've managed to get the equipment on location and have started fracking operations on the 3 1.7 net wells drilled that tie in to our North Ferrier pipeline extension.

Once completed later this month, we'll bring the pipeline

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