Petrotal Corp PTALF

webcast

[billfox54]

I've been waiting for the webcast replay to appear on the TAL website, but no luck so far. Perhaps someone here can answer my questions.  
They have accelerated their drilling program.  I understand there are savings in not having to release the rig, but would they do this if they didn't have a place for the oil to go?  Is this a cause for optimism that they have had some success with alternative sales routes?  They were clear that they do not see expanded storage as an option.
They were asked about their five year outlook, and replied with a 50 to 70 thousand bpd number.  That suggests significant alternatives to barging.
I was being distracted during the webcast, and would appreciate what others got from it.  Thx, Bill

[auburn2]

50 to 70 thousand bpd in 5 yrs? Sounds like BS with Bretana declines. Most eager to hear that if you can find a link.

[auburn2]

I see it here on p 4: https://petrotalcorp.com/wp-content/uploads/2024/08/PetroTal-CIP-Q2_2024-Webcast.pdf That's how much they can sell in a day by 2025, maximum. For that they need to rely on the ONP pipeline. Currently they are at up to 25 thousand, but that relies on barges. River level currently is scary low.

[billfox54]

That is their presentation, but not the audio, which includes the Q and A session at the end.   On the TAL website they have webcast replays under presentations and events, but Q2 is not yet available there.  Thx, Bill

[Haymarket]

I think the plan is to drill but leave some wells shut in. He said the number of oil wells online vary depending on various things which he listed. Manolo says we save $8 million in idle co 11sts by pressing on with drilling. The reference to 50-70k is for the future as you say, if they develop further fields at lot 95. So he says in which case they will need to use pipeline.  So he says

[auburn2]

How to get the oil to Ecuador?

[geezer21]

The likely way. There is a pipe line out to the west coast of Peru where it could be loaded onto cargo ships. There is a map of the different routes on the web site.

[auburn2]

Pipeline so far hasn't been reliable.

[Haymarket]

The pilot is using the Ecuador pipeline, road and barges. https://www.ogj.com/pipelines-transportation/pipelines/article/55093666/ocp-ecuador-restores-pipeline-operations-after-constructing-two-bypasses There isnt a perfect solution here. But the Brazil route only becomes limited for a few months of year and the more export options they have, the more scope they have to adapt to the dry season

[Haymarket]

Sorry, posted wrong link. Meant to post this which describes the route: https://www.ogj.com/pipelines-transportation/article/55088962/ocp-to-transport-100000-bbl-of-oil-from-peru

[auburn2]

"The oil will be transported from Lot 95 via barges navigating three Amazon rivers. The crude will arrive in Puerto Pompeya Norte, eastern Ecuador, and will be transferred to trucks that will travel by land to the Amazonas Station in Lago Agrio (Sucumbos province). The crude oil will then enter the OCP system towards the Maritime Terminal for export." How is that better than the

[geezer21]

I surmise that the economy of a pipe longer than the land travel distances of any of Petrotal routes makes it worth while and also offers an alternative route to get oil out when water levels reduce the amount of oil that can get out.

[Haymarket]

As I said, its not necessarily better, it@s an alternative route.@ So they can choose the Ecuador route it suits. This is likely to be when the Brazil route is affected by the dry season