Petrus Resources (PRQ) has notable insider buying

Petrus Resources (T:PRQ)

Kenneth Graham Gray, CEO and Director, acquired 20,000 Common Shares on a direct ownership basis at a price of $1.650USD through the public market between December 7th, 2022 and December 9th, 2022. This represents a $44,986 investment into the company's shares and an account share holdings change of 0.9%.

Petrus Resources Ltd. is a Canada-based oil and gas company. The operations of the Company consist of the acquisition, development, exploration, and exploitation in the western province of Alberta. The principal undertaking of Company is the investment in energy business-related assets. The Company has oil and natural gas development assets in its Ferrier, North Ferrier and Thorsby operating areas. Its core area, Ferrier, is a resource play. Ferrier is a liquids rich Cardium gas play. North Ferrier is an extension of its core Ferrier area. Its Thorsby asset is located in the central part of the province. Its properties located in the foothills of Alberta, are a more minor area for the Company. The Company owns oil and gas producing properties along the foothills trend in the vicinity of Hinton, stretching from light oil production in Cordel / Stolberg in the south to low decline natural gas production at Cabin Creek in the north. Kakwa is an early-stage Dunvegan oil play.