PetroTal Corp.

PetroTal announces its Q3 2024 Financial and Operating Results today. The announcement can be found here: https://lnkd.in/evDHNynu

PetroTal's Biodiversity Monitoring Program has helped uncover a new species of orchid in the Loreto region of Peru, close to our Bretaña Field operations. Named Specklinia bretaiiense, this unique orchid is part of the rich biodiversity within the Amazon which PetroTal is working to conserve. This discovery reflects our commitment to environmental stewardship and our dedication to protecting and understanding the ecosystems surrounding our operations. Learn more about the discovery here: https://lnkd.in/eTvBA7_D #Biodiversity #AmazonConservation #EnvironmentalStewardship

#PTAL was pleased to present at the 1st Peruvian Oil and Gas Congress, where its CEO, Manolo Zúñiga, delivered the first keynote speech of the day.   The speech showcased PetroTal's development of its assets, its growing production levels, and the Company's leadership in investing in community projects in Puinahua.    The congress also offered the opportunity for PetroTal and its peers to discuss how to promote investment in the hydrocarbons sector through continued efforts to champion sustainability and responsibility in Peru's oil and gas sector.

PetroTal announces a Q3 2024 Operations and Liquidity Update. Manolo Zuniga, CEO: ""I am pleased to report that PetroTal's production exceeded expectations in Q3 2024. Our operations and logistics teams have done an outstanding job of managing record low river levels, which have impacted our ability to export crude through the Brazil route in recent weeks. We are nearing the end of dry season in the coming weeks and remain optimistic that production should return to capacity by the middle of November. With $133 million of cash in reserve, PetroTal's liquidity remains healthy, despite a reduction in oil prices over the month of September. We are committed to a capital returns policy that includes a stable dividend, balanced with the advancement of our key development initiatives. With that in mind, the budgeting process for our 2025 capital program is well advanced, and we look forward to updating the market on our future development program at the appropriate time." The full announcement can be found here: https://lnkd.in/egkUP54w

Manolo Zuniga, CEO of PetroTal, was pleased to take part in Pareto Securities’ 31st annual energy conference in Oslo today. 

PetroTal announces an Operations Update on Well 20H. Click here for full announcement: https://lnkd.in/eBR46HNm Manolo Zuniga, CEO: “Producing from the VS1 formation could add meaningful production from PTAL’s existing well stock, incrementally improving reserves & value, as well as decreasing unit operating costs & extending well life.”

PetroTal announces its Q2 2024 financial and operating results.   Manuel Pablo Zuniga-Pflucker, President and Chief Executive Officer, commented: “Our Q2 2024 operating and financial results were robust and Q3 and Q4 are now underpinned by strong drilling results this quarter. The 19H well was initially producing in excess of 8,000 bopd despite being designed with a shorter horizontal section compared to previous drills and has now averaged over 6,800 bopd over the last 30 days.   In addition, we are extremely excited about our formal route activation through the OCP. Having completed all the regulatory approvals, the Company is now in a position to further diversify its oil sales routes and to allow for offtake optionality during the dry season. Activating additional routes to market is a priority for the Company and we look forward to sending further updates in the fall of 2024.   We are expecting to close the Block 131 acquisition later this year becoming the Company’s first diversified production stream with the expectation of significantly increasing its light oil production profile in 2025.”   The full announcement can be found here: https://lnkd.in/ej3SM7kF

Thanks to #OTCQX traded PetroTal Corp. (OTCQX: PTALF) for joining us at the OTC Market Center to open the market! PetroTal Corp. is an oil and gas development and production Company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru. Learn more here: https://bit.ly/4fBnDtV #ListLocalTradeGlobal

PetroTal announces a Q2 2024 Operations and Corporate Update.   The Co achieved production of 18,290 bopd in Q2 2024, with wells 18H and 19H coming online during the period. PTAL exited Q2 in a strong position with ca.$84m of unrestricted cash & $12m of restricted cash for a total of $96m (as at 30.6.24).   During the first week of July, PTAL achieved total production of 20 million barrels of oil since 1st production in 2018. While Bretana’s current 2P well inventory is more than halfway completed, it still has nearly 100 million barrels of oil to be recovered.   PTAL will host a webcast for its Q2 24 results on August 8 at 9am CT (Houston) / 3pm BST (London). Please register here: https://lnkd.in/gTNS9rgv The full release can be found here: https://lnkd.in/gSuSFcpZ

Following the release of PetroTal's Q1 2024 Financial and Operating Results, please find a recording of yesterday's virtual investor webcast here: https://lnkd.in/eYA2yYxZ