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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 drunk@noonon Nov 23, 2021 10:20am
288 Views
Post# 34156770

So the locals have now blocked off the barges and now

So the locals have now blocked off the barges and nowthe navy has been called in. Oh yeah, and they've demanded brenta field shut down. Yet the CEO downplays this, calls them his brothers. The blocking off of the barge happened on sunday thus yesterday's price drop.
Seems to me despite what our CEO says, tThe gov't isn't about to give these guys any money. Pot-bellied dudes running around with spears, I wonder why. They know these guys are disgruntled, seems if they give them money they might upgrade from spears to night goggles and automatic weapons.
The only good news is on the CC the company says they can shut down the field without serious damage to the resevoir.  On the downside. the creditors might be trying to figure out how they can get their hands on a 2 Billion dollar asset.
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