Petrus Resources CEO Ken Gray fireside chat with Doc Jones PRQ.TO PTRUF

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.

I recently added Petrus to my Focused Portfolio because I think it offered the best upside amongst it's peers. Solid management, high margins, growth, tightly held, etc, etc

-Petrus will be growing production from currently 6000 boe/d to over 9000 boe/d in 2022

-They are unhedged going in to Q2 which means they will capture 100% of the current spot prices

-Their Ferrier Land package 70k acres, contains over 200 drilling location/ +20 year inventory, the IRR's current exceed +300%

-They own all the infrastructure and have approx 5000 boe/d of unfilled capacity within their 100% owned processing plant which means they can double production within much sunk capital or delays

-Based on peer evaluation, PRQ would have to rerate 80% higher based on today, then add in growth, superior economics, clean capture structure, a path to +3x returns in the next 2 years

-North Ferrier 20k acres they just drilled their "Best Well EVER", the data on that will be released shortly

-Insiders own over 30% of the company

-While growing production and cashflow the company is on a path to be net debt free in the next 12 months

***Multiple data points within the podcast. Enjoy.

Podcast is for entertainment purposes, not investing advice, do your due diligence and always vet the data. I do this for free, no one pays me.

Best

Doc Jones

https://ceo.ca/@drjimjones

Website:

https://drjonesresourceinvestor.wordpress.com

Twitter:
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Podcast channel:
https://podcasts.apple.com/ca/podcast/due-diligence-by-doc-jones-resource-investor-hunting/id1568221675