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 development of hydrocarbons in Block 95 with a focus on the development and production from the Bretana oil field. In addition to further leads in Block 95, the Company has significant exploration prospects and leads in Block 107. The Bretana oil field is located in the Maranon Basin of northern Peru. The Company has a 100% working interest in the Bretana oil field. Block 107 has three additional leads, inclusive of the Osheki-Kametza prospect.

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Petrotal Corp > Malcy /Manolo interview

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Comment by BryStockGuyon Feb 08, 2021 6:59pm

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Post# 32508070

RE:Malcy /Manolo interview

It is nice to see Manolo's enthusiasm about PetroTal’s future. Manolo's comment about the current price targets in the market is great, saying that "the 35-50p (.61-.87CAD) goal is easily obtainable, and we could go way beyond that!" With at least, one strategic acquisition, continued drilling in block 95, and enthusiasm about drilling block 107 by Q1-Q2 2022 it is easy to see the current price target being surpassed; furthermore, Manolo really owns the responsibility of being an industry leader as the 2^nd largest crude oil producer in Peru. This leadership in ESG goes a long way in securing the social license from the community where they operate; likewise, Manolo grew up in Talara, that is why the company is called PetroTal, PetroTal is short for PetroTalara. Manolo’s deep roots in Peru brings confidence in the further growth of this company. As Malcolm put it, PetroTal is a “low-cost, high-margin asset, in a rising oil price scenario, [PetroTal] has a long way to go."

Here is a conservative road to +20,000 bpd:

Currently producing 10,000 bpd.
2p - 4 new wells drilled in 2021, 4*1,250 bpd each = 5000 bpd.
2p - 4 new wells drilled in 2022, 4*1,250 bpd each = 5000 bpd.
At least (could be more) 1 strategic acquisition, 2000 bpd (initially inside Peru – then outside Peru in Ecuador, Columbia, close by)
This equals 22,000 bpd by September 2022.
Beyond this block 107 will be drilled early 2022 expanding PetroTal’s prospects.