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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 jwillis9on Apr 07, 2022 10:57am
228 Views
Post# 34584157

Update

UpdatePeruvian government officials, which included the Prime Minister, with support from PetroTal and local community members, agreed to the following items: The Ministry of Energy and Mines presented the proposal for a Ministerial Resolution for the creation of a technical working group to analyze the needs of local communities in the Block 95 area; Perupetro has agreed to propose the incorporation of the 2.5% social development fund as an addenda into the license contract through a supreme decree; and, AIDECOBAP will immediately lift the blockade near PetroTal's loading dock. : The first technical priority is to unload approximately 90,000 barrels of crude oil stored at the oil field, with four to five barges currently engaged. Next, the operations team will ramp production back up over a five to seven day period. This production, along with the stored volumes, will be sold to the Iquitos refinery and through the Brazilian sales export route thereafter.
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