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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 drunk@noonon May 05, 2022 11:27am
239 Views
Post# 34658693

They have to upsize the brazil route capacity to match

They have to upsize the brazil route capacity to matchthe 25,000 production capacity to value at the company based on the field's capacity to produce. So the question is what are the barriers to double the takeaway capacity. Is the brazil customer willing to take all the crude they can produce? Are their barge companies willing to take on additional business if theire existing provide isn't able too, or doesn't want too? Can they lease/buy additional  barge capactiy to supplement what their current barge provider is willing to provide?
Seems to me, if they are able to send 12,000 bopd, they should be able to transport 24,000.... but is it easy, or are their complications to doing so?
One thing is clear, the ONP isn't a viable route especially with the unrest in the country.
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