Petrotal Corp T.TAL

Brent just broke $75!! Next stop Brent $85?!?!

[BryStockGuy]

Share price cannot resist the drilling results proving the thesis that PetroTal is a >20,000bpd. The is a step year for PetroTal and a 4 month count down to that step has already begun.
 
8H well done September 15, 2021 - initial flows record flows of 15,400 bpd
9H well done November 7-21, 2021 - predicted flows 16,000-17,000 bpd 2021 exit production
10H well done January 7-21, 2021 – predicted flows >20,000bpd.
 
Brent at $60 = PetroTal at $0.97 CAD - £0.55
Brent at $65 = PetroTal at $1.14 CAD - £0.65
Brent at $70 = PetroTal at $1.32 CAD - £0.75
Brent at $75 = PetroTal at $1.49 CAD - £0.85
Brent at $80 = PetroTal at $1.67 CAD - £0.95
Brent at $85 = PetroTal at $1.84 CAD - £1.05
Brent at $90 = PetroTal at $2.02 CAD - £1.15
 
The current share price implies an EV/DACF multiple of only 2.4x in 2021 and 0.7x in 2022. In YE23, we continue to forecast a negative EV (i.e. net cash > market cap) on the 2P reserves case.
 
According to Auctus - For each US$5/bbl increase in Brent price, our Core NAV increases by ~£0.10 ($0.18 CAD) (per share.)
 
IMO DYOR NFA

[Sunset48]

Therefore with all this great potential it's difficult to understand the selling that's going on at these prices.  Have to scratch my head on this one.  Almost as if someone is predicting a reverse split. I know....wash my mouth out with soap!!! Great results and a poor SP as compared to several other energy stocks. Will continue to hold but not with great confidnce. Good luck to

[MorningCat]

throwing another bone, there is social unrest in the Peruvian jungle right now. Government trying to resolve it.

[mormodra]

I think this is still a good investment. I have 124,500 shares @ .20 cents so happy so far