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 > Q3 ops NR out..actual was 15,160 bopd

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Post by downwithdotcom1 on Oct 08, 2024 9:46am

Q3 ops NR out..actual was 15,160 bopd

Q3 production averages 15,160 barrels of oil per day (bopd), a 39% increase on Q3 2023
2024 annual production on track to meet top end of guidance range
Total cash of $133 million as of September 30, 2024, an 18% increase on Q3 2023
Well 20H achieves initial production rates over 5,300 bopd
President of Peru grants Supreme Decree for transfer of Block 131 to PetroTal

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Comment by downwithdotcom1 on Oct 12, 2024 2:05pm

So why are we not back to 80 cents??? Pretty simple answer actually..hedge funds started selling/shorting oil and oil stocks about 6 weeks ago creating one of the biggest bets in history that this sector is on its way down..with all the geopolitical stuff already in play it's felt that supply disruptions will not happen and China demand will fall at the same time..PRETTY BOLD and I ...more

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