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Petrotal Corp PTALF


Primary Symbol: T.TAL

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.


TSX:TAL - Post by User

Post by Bean_and_Dunnon Apr 23, 2021 2:11pm
226 Views
Post# 33056285

Interesting: Page 48, Year End Reporting Package

Interesting: Page 48, Year End Reporting PackageIt lists settlement months and prices.

                    Barrels       Sale Price

Apr  2021   226,793            33.73 
May 2021   133,094            33.73
May 2021   212,828            26.63
May 2021   286,211            32.41
May 2021          960            32.41
Jun 2021      48,566            32.41
       "             37.402            43.22      
       "             16,594            45.01
       "                  895            41.87
       "            130,017           41.52
       "              88,543           43.98
       "              38,106           50.22

Total Barrels 1,220,009 of these approximately 900,000 sold for nearly $30 below today's market prices Brent $66.77. This will bring about US $30 million into TAL's treasury. This will not show up in the first quarter statements except as a footnote i.e. the balance sheet will not be affected until the end of the second quarter.

Thirty Million Dollar is very significant item on TAL's books. Investors should take note.

Bean & Dunn
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