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Bullboard - Stock Discussion Forum 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... see more

TSX:TAL - Post Discussion

Petrotal Corp > They request that the 2.5% oil collection fund be applied...
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Post by Bean_and_Dunn on Apr 09, 2022 12:36pm

They request that the 2.5% oil collection fund be applied...

 

Assures James Prez, president of AIDECOBAP.
 
Within the framework of the legalization of the delivery of the fund of 2.5% of controlled production of Petrotal to the communities of direct influence of Lot 95, in the district of Puinahua, province of Requena, the president of the Indigenous Association for the Development and Conservation of the Under Puinahua-AIDECOBAP, James Prez stated that this is only the first step in a more ambitious plan that involves the entire oil circuit.
According to Prez Pacaya, whose organization maintained territorial control over Lot 95 from February 28 to last Wednesday, April 6, one of the purposes of the indigenous struggle platform is that this same fund be applied to all the other lots in the circuit. oil, in other words, that a 2.5% homologation be made in all indigenous areas with these characteristics in the Loreto region.
“We will take our experience (to other lots), to continue working, because what we are asking for is, once the 2.5% has been achieved as a legitimate right of the people through the law, the homologation of that fund in all the lots. That is the logic in the end”, declared the leader, who in turn is part of the Peoples Affected by Oil Activity (PAAP) platform, with indigenous leaders in all the lots in the region.
Regarding Puinahua and Lot 95, the president of AIDECOBAP stated that they expect the technical committee that will be formed during these days to work on the regulatory framework for the application of this fund in a maximum period of 30 days. “Tomorrow we go to Brittany (Puinahua capital) with the premier to make the announcement and return to Lima with the technical team to work,” he concluded.
A lasting peace
James Prez considered that this agreement signed between the Peruvian State, Petrotal and AIDECOBAP, could be the beginning of the end of social conflicts in Brittany, an area that has a long history of violence that even claimed the lives of two Kukamas in August 2020. "If it materializes, for us it will lead to lasting peace."
Regarding the execution of this budget, he indicated that there is a priority agenda for the indigenous communities of Puinahua that includes the fight against anemia and the implementation of drinking water. “I believe that in short, this is the development of the peoples, and this implies that these communities have basic services such as quality water, quality intercultural health care, quality food security that leads us to eradicate poverty, anemia, malnutrition,” he concluded.
(A. Padilla)
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