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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 Feb 13, 2023 5:12pm
483 Views
Post# 35283948

My concern about their revised production run-rate is that

My concern about their revised production run-rate is thattheir are indications of a long term problem with water levels for the manus river route.  i.e although the water levels are fine now,  the level is lower than it was previously for this time of year which may have been part of a trend off lower waterlevels.  Remember they have always had the social unrest/ perez factor and that didn't keep them from a 20-24000 bopd production run rate.  It was this about face that had me sell half my shares in the 70 cent level after riding the ups and downs from the 30 cent range over the last few years,  With the new production guidance I am willing to wait for the next AIDECOBAD/ Perez shutdown to drop the shares  back to the 50 cent range as management credibilty have taken a tremendous hit with the blindiside drop to  guiddance, 
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