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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 Moremoney4uon Aug 10, 2022 7:50am
208 Views
Post# 34883923

Its a CASH cow

Its a CASH cowIts sitting on a pool of oil , the cost to produce oil is like 28.00 a barrel, according to their figures.They drill and its ALWAYS  a PRODUCER, there is no uncertainty. The govt. is not a very effective, or  well run GOVT. Corruption is still prevalent in GOVT. and in the GENERAL population. The indigenous tribes, wereby the pipeline runs through their LAND, are not being dealt with, in terms of, compensation for the use of their lands, constant damage to the pipelines, due to erosion, sabotage, etc. The pipelines CAN BE the main transporter of oil, however, many issues still must be resolved. The amount of oil which can be shipped is insane, if these pipelines were repaired and the issues addressed. Other means of delivering this oil, by barge, is currently being used. Its slow, and requires lots of handling. TAL, should be trading in the 5.00 $$$  range, however, lots of obstacles. Is it time to buy, maybe not, need to see some improvement overall. The GOVT. has to show some committement in resolving these issues , along with its own govt. TAL, IS a cash cow, just needs the infrastructure to improve. 
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