Bullboard - Stock Discussion Forum Petrotal Corp PTALF

Primary Symbol: T.TAL

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... see more

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Petrotal Corp > Sales update

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Post by Binkie on Jun 16, 2022 6:27am

Sales update

Looks like we are getting a little both of $80 a barrel. Q1 was in the mid 60's so that's very good. I suspect this cash will go on the 80mm bond debt although nothing is required this year. The expectation was to receive these funds in Q4 so that's a win as well. This should have a positive effect on sp although oil is down slightly today as I write.

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Comment by Moremoney4u on Jun 16, 2022 12:10pm

TAL, bonus money. Pay down debt., OR, another well, my guess is another well, its there for the taking. All the previous issues are being , or have been resolved, drill , drill drill. The payback is AMAZING, 2 MONTHS, get the money. Infrastructure is capable of absorbing more oil, ONP is ONLINE, Its all good. I have buying this all day. I believe once this little correction is done with, we ...more

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Petrotal Corp