Petrus Resources Ltd. · TSX:PRQ
Petrus Resources — Q2 2025 Earnings Presentation
18 slides from Petrus Resources's earnings presentation, Aug 8, 2025
Slide 1: Corporate Update
PRQ.TO Corporate Update August 7, 2025
Slide 2: Petrus: Who Are We?
PETRUS: WHO ARE WE? Alberta Deep Basin producer creating sustainable shareholder value through risk managed development of quality assets • Canadian oil and gas producer, focused on the Deep Basin, headquartered in Calgary, AB • Acquire oil and gas mineral rights and develop those lands through dril
Slide 3: Petrus: Snapshot
PETRUS: SNAPSHOT Q2 2025 Highlights, Market Summary & Capital Structure Production & Funds Flow Q2 2025 Average Production 9,155 boe/d KAKWA Commodity Weighting 65% Gas, 35% Oil & Liquids Base Decline 22% Q2 Funds Flow Annualized $49.4 MM ($0.40/share) THORSBY Market Summary & Capital Structure FOOT
Slide 4: Strategy: Unlocking Proven Value
STRATEGY: UNLOCKING PROVEN VALUE Uniquely Positioned to Generate Meaningful Long-Term Value for Shareholders Committed to Delivering Sustainable Long-Term Value “Over the past few years, we’ve strategically positioned the business to create sustainable long-term value. We will continue to invest in
Slide 5: Deep Basin Assets: Ferrier Area Assets
DEEP BASIN ASSETS: FERRIER AREA ASSETS FERRIER Core Ferrier & North Ferrier Assets, High Ownership, Strategic Infrastructure Economics & Drilling Locations NORTH • Core Ferrier & North Ferrier Assets FERRIER • 7,826 boe/d1 total production (35% total liquids) • Cardium play, condensate & liquids ric
Slide 6: Deep Basin Assets: Ferrier Infrastructure
DEEP BASIN ASSETS: FERRIER INFRASTRUCTURE Control of Strategic Infrastructure, Area Positioned for Growth • Petrus 2-25 Gas Processing & Liquids Handling Plant -100% owned and operated by Petrus -60 mmcf/d capacity (50% utilized) NORTH FERRIER -50 bbls/mmcf total liquids recovery -Third-party proces
Slide 7: Deep Basin Assets: Ferrier Growth
DEEP BASIN ASSETS: FERRIER GROWTH LandofPosition Extensive Undeveloped Land Base, Deep Inventory and Drilling High-Quality Locations Drilling Locations 1 YE 2015 YE 2016 YE 2017 YE 2018 YE 2019 YE 2020 YE 2021 YE 2022 YE 2023 YE 2024 Net Undeveloped Acres 24,494 27,177 35,648 31,767 28,931 29,220 25
Slide 8: Deep Basin Assets: Well Results & Oil Production
DEEP BASIN ASSETS: WELL RESULTS & OIL PRODUCTION FERRIER Increased Oil Production, Top Cardium Oil Wells in the Province Economics & Drilling Locations • Recent drills are ranking as some of the highest producing Cardium oil wells in Alberta. • Highlights the high quality of Petrus’ lands and locati
Slide 9: Non-Core Assets: Thorsby, Alberta
NON-CORE ASSETS: THORSBY, ALBERTA Stable Funds Flow Generation • 1,169 boe/d₁ (66% Gas, 34% oil/NGLs) • Low decline Glauc production Thorsby 05- 04 • Strong, steady cash flow with little ongoing capital investment Oil Battery & Gas Plant • Ownership and control of critical infrastructure Thorsby 16-
Slide 10: Non-Core Assets: Foothills & Kakwa
NON-CORE ASSETS: FOOTHILLS & KAKWA Cash Flow Generating Assets, Require Limited Resources FOOTHILLS KAKWA • Low decline gas and cardium oil • Dunvegan oil production • 57% Gas, 43% Liquids₁ • Drilled first well in 2021 • Minimal capital investment • Large land base (20.75 sections) • Cash flow gener
Slide 11: 2025 Capital Program
2025 CAPITAL PROGRAM 2025 Strategy of Discipline, Prioritizing Sustainable Shareholder Returns and Healthy Balance Sheet 2025 Capital Budget 2025 Guidance 2025 capital budget of $40 MM-$50 MM1, Achieve annual average production 9,000-10,000 boe/d Cash flow funded Generate $45 MM-$55 MM in annual fun
Slide 12: Growth: Production, Reserves & Funds Flow
GROWTH: PRODUCTION, RESERVES & FUNDS FLOW Track Record of Effective and Disciplined Capital Execution, Investing and Growing in Periods of Strong Pricing +50% +56% +49% 2021-2024 2021-2024 2021-2024 Funds Flow1 Production2 Reserves3 7 $96.7 100 18,638 10,301 17,809 $87.7 $86.8 17,472 9,382 90 6 $78.
Slide 13: Torque to Gas Price: Significant Upside Potential
TORQUE TO GAS PRICE : SIGNFICANT UPSIDE POTENTIAL Strong Relationship Between PRQ’s Share Price and Increases in Natural Gas Prices1 PRQ +278% June 2022 4 PRQ +232% November 2022 5 PRQ is well positioned take advantage of this constructive pricing cycle. PRQ +71% December 20246 AECO Strip AECO 5A Wi
Slide 14: Creating Value: 2024 Total Returns to Shareholders
CREATING VALUE: 2024 TOTAL RETURNS1 TO SHAREHOLDERS Combination of Share Price Appreciation and Dividends Paid Results in Total Returns Outpacing Most Peers2 • Primary goal is generating sustainable long-term cash flow to maximize value for shareholders • Only investing in highest rate of return pro
Slide 15: Contact Us
CONTACT U S Suite 1110, 240 4th Ave SW Calgary, Alberta T2P 4H4 www.petrusresources.com For more information: Ken Gray, President & CEO 403-930-0889 kgray@petrusresources.com Mathew Wong, CFO & VP Finance 587-349-5827 mwong@petrusresources.com Lindsay Hatcher, VP Commercial & Corporate Development 5
Slide 16: Appendix
APPENDIX Supplementary Information 16
Slide 17: Reader Advisory
READER ADVISORY Certain information regarding Petrus Resources Ltd. ("Petrus", "our" or "we" or the "Company") set forth in this document may constitute forward-looking statements under applicable securities laws, including, but not limited to, the following: Petrus' business model, including planne
Slide 18: Reader Advisory Continued
READER ADVISORY Continued Capital costs to drill, complete and tie-in wells and operating costs in each area are also based on management's experience and not on historical data. In addition, such costs are based on management's estimates when the estimates were prepared and have not been escalated