Bullboard - Stock Discussion Forum Petrotal Corp T.TAL

Alternate Symbol(s): PTALF

Energy Oil & Gas E&P

PetroTal Corp. is an oil and gas development and production company focused on the development of oil assets in Peru. The Company is engaged in the exploration, appraisal and development of oil and natural gas in Peru, South America. Its flagship asset is its 100% working interest in Bretana oil field in Peru's Block 95. Through its two subsidiaries, the Company is engaged in the ongoing... see more

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Petrotal Corp > with the current prices and the debt, can they ramp things

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Post by drunk@noon on Mar 10, 2021 4:22pm

with the current prices and the debt, can they ramp things

up a lot faster than previously planned. These are basically horizontal development wells How long does it take one to get up and running. It is all cookie cutter stuff..Would like to see them punch out a couple of quick ones bakk to back and get the production to 15,000 in the next couple of months.

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Comment by corfujack on Mar 12, 2021 12:30pm

what debt are you talking about? TAL has none to speak of and it's currently profitable...that's why we are all in on this...all over it...this is a steal and the best micro play out there for oil

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Comment by Bean_and_Dunn on Mar 18, 2021 1:03pm

I am not sure that you asked a question regarding how long does it take to get a well up and running. Based on the previous 2 years it seems that it takes about 2 months from spud to producing oil. Petrotal is talking about exit production in 2021 of 18,000 - 19,000 barrels oil per day. This is a ramp up from 6,400 at the end of 2020. Production fields have been built up to about 15,000 BOD. The ...more

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