Petrus Resources Ltd. announced production results for the fourth quarter and year ended December 31, 2023. For the quarter, total production increased by 4% to 9,474 boe/d(1) in the fourth quarter of 2023, compared to 9,113 boe/d in the fourth quarter of 2022.

For the year, total average annual production increased by 35% to 10,301 boe/d in 2023, compared to 7,604 boe/d in 2022, in line with Petrus' 2023 production guidance.