Petrus Resources Ltd. announced an increase to its Senior Secured Credit Facility . Petrus' lender, ATB Financial, has completed their semi-annual borrowing base redetermination and have agreed to increase the borrowing limit from $30.0 million to $45.0 million. The Credit Facility is payable on demand by the lender and the next semi-annual review is scheduled on or before November 30, 2023.

The increase demonstrates confidence in the Company and strategic direction. A combination of debt reduction and production growth have bolstered Petrus' financial position and strengthened balance sheet, which will allow to continue to actively pursue corporate objectives.