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Petrus Resources Ltd

10:01 AM EST - Petrus Resources Ltd : Reported financial and operating results as at and for the three months ended March 31, 2020. Petrus is focused on generating free cash flow for debt repayment and further development of its Ferrier Cardium asset. The company generated funds flow of $6.6 million ($0.13 per share) for the first three months of 2020 with net capital expenditures of $8.7 million. Reduction of debt remains the Company's top priority. Since December 31, 2015 Petrus has repaid 45% or $101 million of its net debt(1). This includes a $55 million reduction of the Company's second lien term loan, which was $90 million in 2014 and currently has $35 million outstanding. Petrus Resources Ltd shares T.PRQ are trading up $0.02 at $0.14.