Petrus Resources Ltd., formerly PhosCan Chemical Corp., is a Canada-based oil and gas company focused on property exploitation and strategic acquisitions in Alberta. The Company, through Fox River Resources Corp., is engaged in the exploration and evaluation of the Martison Phosphate Project. The Company focuses on production in approximately four areas within the province of Alberta, which includes Ferrier, Central Alberta, the central Rocky Mountain foothills region and the Peace River area. The Company has land position in the Ferrier area, with an inventory of Cardium gas drilling locations. The Company owns oil and gas producing properties southwest of Edmonton. It operates the oil and gas producing areas of Rycroft and Tangent, which are near Grande Prairie. At Tangent, it has exposure to a Montney oil resource play. It owns oil and gas producing properties along the foothills trend near Hinton, stretching from Cordel/Stolberg in the south to Cabin Creek in the north.