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

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Post by downwithdotcom1on Feb 12, 2024 11:02am

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Post# 35875476

production/oil price ahead of 2024 guidance

a snippet from their very good reserves report...........dwdc

Well 16H and Corporate Production Update

January 2024 average production was 20,450 bopd with an associated Brent price of $80/bbl, ahead of Company guidance on a production and revenue basis.

Well 16H continues to produce at above expected level rates with a 26 day production average of approximately 4,850 bopd as at February 11, 2024 and an estimated investment payback in Q2 2024.

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