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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 Dec 14, 2023 6:20pm
149 Views
Post# 35785699

management better not lowball production estimates for next

management better not lowball production estimates for next yearl  They have 18,900 bopd on their latest presentatoin, which is realistic if the field is actually capable of producing 22,000 without shipping constraints. And with another 5-6000 to go on top of the 10-11,000 during the 4 months of the dry season, you are talking 16-17,000 during the bad times. 
Yet instead of best guess-I have a feeling they will lowball it and leave those who look at their presentation high and dry. Guide for 18,900 you don't hit it, you don't hit it.. But don't badly low ball it and act like heros if you perform as expected. At 75 dollar brent, we need to see 18,000 plus to support 10 cent US of dividends. 
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