Petrus Resources Ltd. announced that it has completed its previously announced take-over of Ravenwood Energy Corp., closed a new term loan facility and amended and restated credit facility and appointed a new director.

The company announce that effective October 8, 2014, Mr. Donald Cormack has been appointed to its Board of Directors. Mr. Cormack is a retired Partner of PricewaterhouseCoopers who has specialized in the oil and gas industry for over 35 years. He has extensive financial accounting and reporting experience with both private and public companies of all sizes covering regulatory compliance, risk management, acquisitions, corporate restructuring, internal controls and governance in Canada and the U.S. Mr. Cormack is a director of the Calgary Police Foundation and past director of The Calgary Foundation and Alberta Health Services.