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 Norte 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. The Company also has a 100% working interest in Peru's Block 131.

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Petrotal Corp > Just passing this along

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Post by jwillis9on Nov 29, 2024 11:54am

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Post# 36337641

Just passing this along

Peru21 TV Channel published in YouTube a new interview in Spanish with Guillermo Flores. He said a few interesting things:

1) Actual production is 22,000 bopd.

2) $170MM will be the total investment this year by Petrotal, up from $100MM–$120MM invested in previous years.

3) The final announcement about the close of the transaction for the acquisition of Block 131 will come out this week or next week (next week probably).

4) Last week Petrotal signed in Ecuador an agreement of understanding with Petroecuador to evaluate alternatives regarding some oil fields and lots in that country.

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