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 Norte 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. The Company also has a 100% working interest in Peru's Block 131.

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Petrotal Corp > Russian Bank Sber Issues Gold Backed Token

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Post by geezer21on Jan 13, 2023 7:50pm

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Post# 35222626

Russian Bank Sber Issues Gold Backed Token

Andrew Mcguire has just revealed on "Live From the Vault" today that "Russia’s Sberbank (bank Sber) issued its first gold-based blockchain asset on (Tuesday) in a game-changing manoeuvre that might instigate further dedollarisation of commodity (that includes oil) trading," - Live from the Vault (my emphasis).

For the last 50 years since Nixon took the USD off of a gold standard in 1971 fiat currencies free to print at will became unstable and unreliable. There was nothing to redeem them for should you lose faith in them - no collateral.

A gold backed Russian token represents a means to hold a tradable asset with huge advantages over unteathered USD. Here is a discription:

https://cointelegraph.com/news/what-is-a-gold-backed-token-and-how-does-it-work

Maguire explains its potential impact on the imbalance between physical gold and leveraged paper gold trading. Macquire says phsyical gold pricing is going to emerge. Mcguire's technical talk is difficult to listen to.

https://www.youtube.com/watch?v=ZpbsgKLZN2A

Here are a few articles explaining:

https://cointelegraph.com/news/russia-s-largest-bank-issued-gold-backed-digital-financial-assets

https://www.ledgerinsights.com/sberbank-tokenizes-gold-digital-asset-blockchain/

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