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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 Bean_and_Dunnon Apr 29, 2022 11:03am
299 Views
Post# 34642347

RE:Q2

RE:Q2

I think you are right.

For the past 18 days TAL has averaged 18,924 b/day for an April total to the 27th of 358,549 barrels. The Brent crude price today was US$109. This production level is without the ONP pipeline being available due to flooding.

The first quarter was not too bad either with over a million barrels produced at good prices, before the unlawful barricade.

The CPF2 are finished tested and on stream. 

A portion of the rediculously expensive loan has been paid, which will help drop some  high interest charges.

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