RE:Enercom Denver
In case you missed it, Manolo Zuniga showed the chart from page 6 of the August presentation that shows expected Q3 production of 13,500 barrels under constraint. Ziniga reiterated that estimate so this late in the quarter that estimate looks good.
https://petrotal-corp.com/wp-content/uploads/2023/08/PetroTal-IP-August-2023-Final-Final.pdf
13,500 while less than Q2 still is the third highest production to date even while under constraint.
During Q3 the price of oil has been rising. Irrepective of constraint in Q3 the bottom line should be better because of better oil prices and because capital expenditure in Q3 declined.
Petrotal is on track to exceed its annual forcast of 14,000 to 15,000 barrels.
Zuniga indicated that Petrotal is working on diversifying its sales routes to maintain higher and more consistent oil production.
https://petrotal-corp.com/wp-content/uploads/2023/08/PetroTal-IP-August-2023-Final-Final.pdf