Climate Change Data

Petrus Resources Ltd.

Climate Impact & Sustainability Data (2023, 2024-01-01 to 2024-06-30)

Reporting Period: 2023

Environmental Metrics

Social Achievements

  • Initiated dividend payments to shareholders in 2023, including a special dividend and a regular monthly dividend starting in January 2024.

Climate Goals & Targets

Environmental Challenges

  • Dramatic decline in commodity prices from 2022 highs.
  • Abnormally warm winter leading to low natural gas prices.
Mitigation Strategies
  • Suspended drilling in March 2023 and re-evaluated the capital program, cutting drilling capital in half.
  • Re-deployed capital to strategic targets, including building a pipeline to connect North Ferrier assets to the Ferrier gas plant and drilling strategic wells.
  • Focused on being a low-cost producer and limiting debt.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NI 51-101

Reporting Period: 2024-01-01 to 2024-06-30

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Reduced capital investment, scheduled downtime associated with maintenance, and strategic shut-ins due to low natural gas prices in the first half of 2024.
  • Lower natural gas prices, lower production, and a loss on hedge contract settlements.
Mitigation Strategies
  • Hedging approximately 48% of forecast production at approximately $3.00/GJ for natural gas and CAD$98.00/bbl for oil.
  • Closely monitoring changing market conditions and adjusting the capital program accordingly.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • extreme weather events, such as wild fires, floods, drought and extreme cold or warm temperatures
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed