Petrotal Corp T.TAL

Alternate Symbol(s): PTALF

Energy Oil & Gas E&P

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

Petrotal Corp > $$ ;

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Comment by Bean_and_Dunnon Jun 01, 2022 2:34pm

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Post# 34724130

RE:$$ ;

Do you think that $80 million is a lot of debt?

Last quarter Q1 2022, TAL made 64.5 million net income.

Production in Q1 was for 67 days and came in at 1,020,000 barrels.

Production in Q2 to the 29th of May totals 831,136 barrels. ratail price of those barrels is materially higher. As of the 31 of May Brent was trading at $122.34.Barrel.

Q2's sales should surpass Q1's. Net earnings should be about CDN$0.11 or better.

The loan will disappear pretty quickly with these healthy metrics.

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