PetroTal Corp. has completed the BN-8H well, PetroTal's fourth horizontal well in the Bretana oil field. Bretana field achieves record production of approximately 15,400 bopd PetroTal commenced production of its fourth horizontal well 8H on September 4, 2021, with unrestricted flow rates of approximately 7,600 barrels of oil per day over a ten-day period. Selected highlights are as follows: Initial 8H production rates of [...]
Bretana oil field production surpasses 2019 highwater mark PetroTal Corp. has completed the BN-8H well, PetroTal's fourth horizontal well in the Bretana oil field. Bretana field achieves record production of approximately 15,400 bopd PetroTal commenced production of its fourth horizontal well 8H on September 4, 2021 with unrestricted flow rates of approximately 7,600 barrels of oil per day over a ten-day period. Selected [...]
PetroTal completes 8th producing well, increases water disposal capacity, and outperforms Q2 2021 production guidance under restricted flow conditions PetroTal Corp. is pleased to announce its financial and operating results for the six and three months ended June 30, 2021. Selected financial and operational information is outlined below and should be read in conjunction with the Company's unaudited consolidated financial [...]
PetroTal is pleased to announce the following operational update for Q2 2021. All currency amounts are in United States dollars. Highlights: Q2 2021 production averaged 8,825 barrels of oil per day which was 2% higher than guidance of 8,655 bopd; PetroTal completed its second water disposal well, thereby potentially doubling its produced formation water disposal capacity to approximately 100,000 barrels of water per day [...]
PetroTal secures liquidity, improves risk management position, and advances offtake optionality prior to executing an operationally focused and pivotal development plan PetroTal Corp. is pleased to announce its financial and operating results for the three months ended March 31, 2021. Selected financial and operational information is outlined below and should be read in conjunction with the Company's unaudited [...]
7D well completed, currently flowing at 4,550 bopd; Management Change Announcement, Q1 2021 reporting and AGM dates PetroTal Corp. is pleased to announce the following operational and corporate update. All currency amounts are in United States dollars , unless otherwise stated. Highlights The 7D well has been successfully drilled and completed, flowing at an initial rate of approximately 3,700 barrels of oil per day [...]
PetroTal emerges stronger after a collapse in world oil prices and the COVID-19 pandemic PetroTal Corp. is pleased to announce its financial and operating results for the year and the three months ended December 31, 2020. Selected financial, reserves and operational information is outlined below and should be read in conjunction with the Company's audited consolidated financial statements , management's discussion and [...]
Remaining 1.4 million barrels of oil in the ONP now hedged by Petroperu Additional 622,000 barrels hedged by PetroTal PetroTal maintains low cash flow exposure from Peruvian currency fluctuations PetroTal Corp. is pleased to announce the following risk management update. All currency amounts are in United States dollars , unless otherwise stated. Highlights: Further to the Company's press release dated March 31, 2021, the [...]
2021 drilling program underway, Q1 2021 4H workover successfully completed, and Q1 2021 exit production on budget PetroTal Corp. is pleased to announce the following operational update for Q1 2021. All currency amounts are in United States dollars . Highlights: PetroTal has commenced its 2021 drilling program by spudding the first well on March 29, 2021, with expected completion the first week of May 2021; Successfully [...]
Completion of Second Oil Export through Brazilian Terminal and Hedging Arrangements PetroTal Corp. is pleased to announce the second export of Bretana crude oil into the Atlantic region through Brazil and the execution of crude oil price derivative contracts. All currency amounts are in United States dollars . Highlights: PetroTal has completed the initial implementation of its oil price hedging program for 2021 [...]
EnerCom anticipates hosting 40+ energy companies and presentations as a part of the EnerCom Dallas Energy Investment and ESG Conference One-on-one meeting requests are open for institutional investors and research analysts at the conference venue and online Event will be a hybrid format with a small in person audience on April 6 in Dallas at the Petroleum Club and a full virtual day of presentations and panel discussions [...]
Includes 2021 Budget and 2020 year-end Reserves PetroTal Corp. is pleased to announce that an updated investor presentation is now available on the Company's website at www.petrotal-corp.com. The updated investor presentation includes the recently announced 2021 budget and 2020 year-end reserve report. ABOUT PETROTAL PetroTal is a publicly traded, dual‐quoted and oil and gas development and production company domiciled in [...]