RE:The real numbers behind TAL revealed The numbers read better on the company website.
There is much more to understand than what a very quick look will give you. An intense look at the auditted balance sheet is required.
Expectations as presented on page 9 show that netback per barrel at US$65.00 will tentively increase from approx. $20.50/B to about $37 /B. in 2019. This will significantly affect profitability.
https://petrotal-corp.com/wp-content/uploads/2019/04/PetroTal-Investor-Pres-APR-2019.pdf
Also 4,008,333 PSU's were issued. These profit sharing units have to be accounted for and will drop profitability.
176,000 barrels of oil were produced in all of 2018. To date 104,000 have been produced in 2019. Production at present is 2,250 at the new well and 800 from Bretana 1. Let us guess at production equaling 2018 by the end of the 2nd quarter. By then the third well should come on stream I would guess would be somewhere between 3,500 and 4,000 BOE/D in the first week of July.