Petrus Resources Ltd. announced capital expenditure results for the first half of fiscal 2016. In the first half of 2016, the company invested approximately $7.6 million of a $12 million budget in the drilling of four gross (2.7 net) wells.

The company provided capital expect guidance for the second half of fiscal 2016. With the enhanced financial flexibility provided by the disposition, the company board of directors has approved a $17.5 million capital expenditure budget for the second half of 2016.