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Petrotal Corp T.TAL

Alternate Symbol(s):  PTALF

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

Comment by BryStockGuyon Oct 06, 2021 6:25pm
188 Views
Post# 33977725

RE:RE:RE:RE:Social/political risk, Deterioration, "50 YEARS IMPUNITY"

RE:RE:RE:RE:Social/political risk, Deterioration, "50 YEARS IMPUNITY"Oct 5 2021

Around 200 indigenous Peruvians have taken over the facilities of a pipeline station of Petroperu, the state-owned company said on Tuesday, as part of a protest by Amazon native groups demanding better economic and social support in the area.


Residents in the Manseriche district of northern Peru's Loreto region had invaded station 5 of the North Peruvian pipeline on Monday, which had caused the company to stop pumping oil, Petroperu said in a statement.
Protesters "have been irresponsibly installing tents and other items without taking security conditions into account," the company said, adding it had evacuated its personnel from the area.

Reuters could not immediately reach for comment representatives of the Amazonian groups, who have previously carried out blockades and seizures of oil pipeline stations.

https://twitter.com/petroperu_sa/status/1445497334599536644?s=20

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