alls well Each barrel of oil production contributes positively towards funding all administrative costs and the Company's capital investments. PetroTal has the benefit of not having any debt or interest expenses, and no concerns about loan covenants.
Since PetroTal maintains significant investment program flexibility, the Company has the ability to be resilient and ensure that it balances cash flow with expenditures. The Company's previously announced $99 million capital investment program is weighted to the last half of the year and will continue to be monitored closely in light of the reduced oil price environment. Furthermore, given the strong relationship PetroTal has with its key contractors, the Company has agreed to manage payments with a number of its contractors, allowing for ongoing operation of the contractors' crews.
https://www.newsfilecorp.com/release/53304/PetroTal-Provides-Liquidity-Update