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TheBridge wrote: Jangles, I'm assuming that when you say "full of it", you mean I'm watching TAL closely and am aware of the many issues that TAL has on its hands currently. Leaky pipes are just one issue. I'm invested in TAL at a level I am comfortable at and won't be adding whenever the share price drops and I won't be selling. Check out some of the other issues that need to be and will be dealt with over the next 6 months (they're in the Q2 report) and will have an impact on production and share price. But, I thank you for your kind praise of my post and have a wonderful day! TheBridge wrote: Some observations and comments. After the Q2 report it is evident that we find ourselves in a holding pattern of sorts which also likely explains the small drop in share price and likely caused the reverse split of shares to be delayed until a more opportune time. TAL updated market guidance for key 2025 financial and operational metrics. TAL now expects group production to average 20 -21k bopd in 2025, down from the range of 31-23k bopd that was originally communicated in January 2025. TAL also adjusted EBITDA guidance based on Brent oil price assumptions and was reduced to a range of $170 - 185 million from $240 - 250 million previously. TAL attributes the majority of the reduction in forecast adjusted EBITDA to lower oil prices realizations, with the balance due to lower forecast sales volumes, and partially offset by cost savings. TAL also reduced guidance for 2025 capital expenditures to $80 million from $140 previously. The reduction is primarily due to delays in resuming the development drilling program at Block 131, and the deferral or cancellation of several non-essential projects due to recent oil pricing weakness. Block 95 -- Bretana Field production declined by approx. 2,150 bopd relative to the prior quarter due to a combination of natural declines and previously disclosed pump failures in 4 producing wells. TAL successfully replaced all 4 pumps ahead of schedule by the end of July 2025, restoring approx. 4,400 bopd of production capacity. Due to a combination of factors, including sustained lower oil prices, regulatory considerations, and delays in commissioning its drilling rigs, TAL has taken a decision to pause investment on several projects at Bretana in order to rigorously evaluate and optimize it long-term development plan for the asset. TAL intends to provide a revised field development plan, incorporationg holistic forecasts for fluid handling capacity, integrated development of the VS1 and VS2 sands, and export transportation, in time for the year-end 2025 report, typically published in February each year. Block 131 -- TAL is currently mobilizing the service rig which recently completed the pump replacements at Bretana to the Los Angeles field, where it will carry out a planned workover program on at least 3 wells. This is scheduled for September 2025 and is expected to increase field production by approx. 500 -1,500 bopd on a monthly average.TAL is also evaluating options to secure a drilling rig to initiate the Block 131 development program, pending technical review of the workover program. With river levels declining, the construction consortium has resumed activity and a number of project milestones were completed by the end of July. The main piling barge, along with the first batch of fabricated steel components recently arrived at Bretana and test piles for the first breakwater should be installed soon. TAL estimates this project is one month behind schedule but should be completed by Q3, 2025. If you want to know more, read the Q2 report, I just selected the most significant parts to me. Please excuse any typos. So while we wait as the oil prices continue in their currrent pattern and TAL deals with the issues at hand, we continue recieving a nice dividend. TAL seems to have a good handle on the current situation and an effective management team to guide us through this time period. I've added at the 0.67 price and reached the share limit that I had set for myself. Eventually, we should see progress, along with the reverse share split and this should turn out to be a very favourable investment. GLTA!
TheBridge wrote: Some observations and comments. After the Q2 report it is evident that we find ourselves in a holding pattern of sorts which also likely explains the small drop in share price and likely caused the reverse split of shares to be delayed until a more opportune time. TAL updated market guidance for key 2025 financial and operational metrics. TAL now expects group production to average 20 -21k bopd in 2025, down from the range of 31-23k bopd that was originally communicated in January 2025. TAL also adjusted EBITDA guidance based on Brent oil price assumptions and was reduced to a range of $170 - 185 million from $240 - 250 million previously. TAL attributes the majority of the reduction in forecast adjusted EBITDA to lower oil prices realizations, with the balance due to lower forecast sales volumes, and partially offset by cost savings. TAL also reduced guidance for 2025 capital expenditures to $80 million from $140 previously. The reduction is primarily due to delays in resuming the development drilling program at Block 131, and the deferral or cancellation of several non-essential projects due to recent oil pricing weakness. Block 95 -- Bretana Field production declined by approx. 2,150 bopd relative to the prior quarter due to a combination of natural declines and previously disclosed pump failures in 4 producing wells. TAL successfully replaced all 4 pumps ahead of schedule by the end of July 2025, restoring approx. 4,400 bopd of production capacity. Due to a combination of factors, including sustained lower oil prices, regulatory considerations, and delays in commissioning its drilling rigs, TAL has taken a decision to pause investment on several projects at Bretana in order to rigorously evaluate and optimize it long-term development plan for the asset. TAL intends to provide a revised field development plan, incorporationg holistic forecasts for fluid handling capacity, integrated development of the VS1 and VS2 sands, and export transportation, in time for the year-end 2025 report, typically published in February each year. Block 131 -- TAL is currently mobilizing the service rig which recently completed the pump replacements at Bretana to the Los Angeles field, where it will carry out a planned workover program on at least 3 wells. This is scheduled for September 2025 and is expected to increase field production by approx. 500 -1,500 bopd on a monthly average.TAL is also evaluating options to secure a drilling rig to initiate the Block 131 development program, pending technical review of the workover program. With river levels declining, the construction consortium has resumed activity and a number of project milestones were completed by the end of July. The main piling barge, along with the first batch of fabricated steel components recently arrived at Bretana and test piles for the first breakwater should be installed soon. TAL estimates this project is one month behind schedule but should be completed by Q3, 2025. If you want to know more, read the Q2 report, I just selected the most significant parts to me. Please excuse any typos. So while we wait as the oil prices continue in their currrent pattern and TAL deals with the issues at hand, we continue recieving a nice dividend. TAL seems to have a good handle on the current situation and an effective management team to guide us through this time period. I've added at the 0.67 price and reached the share limit that I had set for myself. Eventually, we should see progress, along with the reverse share split and this should turn out to be a very favourable investment. GLTA!
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