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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

Post by Bean_and_Dunnon May 04, 2022 2:48pm
264 Views
Post# 34655942

409,784 B produced in April 2022

409,784 B produced in April 2022

I estimate the average price was $105 per barrel.
Most of this oil was shipped to Brazil so there is a savings of $3.91/B as no diluent is required.
Also

"Oil sales exported through Brazil are on an FOB Bretana basis, at the forcasted Brent oil price in two months less a fixed amount to cover transportation and sales costs."

See Pg. 20 YE Financial Package.

To me this means that hedges are not bought and placed as the price oil is sold at is fixed when sold. 

This also saves money and the worry that goes with longer 8 months sales transition from dposit to final payment. 

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