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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 mjh9413on Jul 14, 2022 1:07am
235 Views
Post# 34823110

RE:All share sold

RE:All share soldFirst, as to why I cannot see this price drop warranted, an extrac from the company's update
"The Company remains on target to execute its debt repayment strategy in Q4 2022 or Q1 2023, which will allow an accretive shareholder return policy to be examined and approved in Q4 2022, if it is, as expected, economically viable."

Next, that sale. It was by 
 Burggraben Holding AG  Alexander Stahel

The company was founded by Stahel and their philosophy is that diversification is for the market player who knows nothing!  I digress. In 2019 he wrote a piece on why to invest in TAL. Perhaps you can view it at:

https://seekingalpha.com/article/4312952-petrotal-overlooked-spin-off?source=all_articles_title

or find it by googling the company name and see it listed there.

Why did he sell? Well, he had a nice profit and still holds nearly 4MM on Toronto Excahnge +warrants. Maybe he needed GBP? Oor maybe he has subsequently also sold or exchanged the GBP as it is losing value? Who knows? Still I reckon the reasons he bought, which are explained in the 2019 article, not only still exist but have been reinforced and improved. I particularly love his shining reference to the management of TAL.

GLA
ps we are still above the $88US Brent used in TAL's 2022 projections and production is increasing as we move to the sept date for the petroperu pipeline repairs completion, and the social fund is being formally established
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