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.

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Petrotal Corp > Strategic Petroleum Reserve At Historic Low

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Comment by geezer21on Jul 17, 2023 11:16pm

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Post# 35545336

RE:RE:Strategic Petroleum Reserve At Historic Low

Oil has been climbing from a low of $17 in April 2020 to a high of $115 on 6 June 2022. Currently, the price of oil is climbing again since the last week of June. It crossed the 50 day moving average and butted up on the 200 day moving average.

Fundamentals support that the price will continue to climb.

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