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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 BryStockGuyon May 17, 2021 1:44pm
188 Views
Post# 33214939

Balance of Power Equation/Political Debate is leaning Right

Balance of Power Equation/Political Debate is leaning RightFUD Spreader Quote:

"If Castillo gets voted in there will no longer be a congress. he is going to do what every communist leader has done before him."

My Response:


"regional political risk expert indicated that Castillo’s “very disorganized” party, combined with a lack of a political roadmap, suggested Peru would unlikely advance down this avenue if the schoolteacher landed the country’s top job"

Castillo is very unpolished in his presentation compared to Fujimori, judge for yourself, I posted a link previously to their first debate. The undecided vote tends to lean right. There is a precedent set in 2011 were Ollanta Humala, far left agenda, moderated his message and moved towards the center after taking power. Even if Castillo gets in as president the equation of power balance seems likely to be: Left to Far Left (1/3 country) + Center Right to Right (2/3 country) = Centre to Centre Right.

Plus, Fujimori is promising a 40% CANON to be shared with rural areas, which would mean rural areas would actually receive their due from economic activities in their areas. At present national tax levels, corporations are paying lots of money into the country, but the rural areas are seeing little of this CANON. Once Castillo sees that their only needs to be equitable distribution and the reasons why there isn't, his tone will soften from ransacking the corporate treasury to helping fair distribution to his countrymen. In PetroTal’s case, their “CANON [paid] is equivalent to 18.75% of the value of the production - an average of 0.34% goes to the Bretaa municipality;” furthermore, PetroTal is working with locals to help them coordinate better with the government to receive more of their promised share (PetroTal Current Investor Presentation – April 2021 – Slide 33 - Footnotes).

https://www.bnamericas.com/en/news/peru-candidate-castillos-party-seen-disorganized-lacking-clear-roadmap

IMO DYOR NFA
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