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Petrotal Corp PTALF


Primary Symbol: T.TAL

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

Comment by Haymarketon Aug 14, 2024 9:46pm
93 Views
Post# 36179784

RE:webcast

RE:webcastI think the plan is to drill but leave some wells shut in.

He said the number of oil wells online vary depending on various things which he listed.

Manolo says we save $8 million in idle co 11sts by pressing on with drilling.

The reference to 50-70k is for the future as you say, if they develop further fields at lot 95. So he says in which case they will need to use pipeline. 

So he says they continue to negotiate with Petroperu on pipeline. Issue is length of time it takes for oil to pass through but other companies using pipeline should help a bit.

I think though my optimism for alternative sales route is Ecuador. Because as you probably know it's not affected by same seasons as the Peruvian Andes that feed the Ucayali. Iquitos itself doesn't have a dry season. Anyway, by next dry season in Peru hopefully Ecuador route should have ramped up. This year we just have to wait for rainy season I think. 


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