Post by
geezer21 on Jan 26, 2023 8:47am
ESG Report
"In just five years, the Company has increased production from zero to over 25,000 barrels of oil per day," Petrotal's ESG report said that was just released.
Petrotal's 2023 guidance is 14,000 to 15,000/bpd.
There could be a number of reasons for the discripency.
Maybe there were being conservative with their guidance because of past social disruptions. Those threats appear to be past as recent agreements were reached with the dissidents but the company still wanted to be cautious.
Maybe 25,000 is a peak production and not an average.
Maybe very recent developments have increased production up to 25,000 bpd.