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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 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.


TSX:TAL - Post by User

Post by drunk@noonon Dec 24, 2024 7:58am
78 Views
Post# 36376123

jewells: 20,600 bopd is disappointing. The field was

jewells: 20,600 bopd is disappointing. The field wascapable of 20,000 bopd production 2.5 years ago. They have drilled a whole lot of wells since, and the 20,000 range seems to be the plateau. I was surprised they didn't plateau at 24,000 last year, and now this year, they are still stuck at 20,000. Not good when they do 12,000 3-4 months of the year. This is fine when  the 150 mill capex years are over with, but at 72 dollar brent, this produces little if any free cashflow. How many more years of the hudge cap ex hits. The chart has disappeared. I think it's 2025 and 2026. 
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