PYX Resources: Achieving volume and diversification milestones. Watch the video here.
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Only minor quibble, 17H production since March 1 has averaged 3300, which in comparison to other new wells seems on the low side.
2024 a record start, av. 19,000 bopd in first two months , oil over $80+, robust cash position, continued progress on oil export pilot through Ecuador, will continue to prioritize derisking oil sales so PetroTal can embark on new production growth projects.
The Company commenced drilling well 18H on March 5, 2024 The well is expected to take approximately 60 days to drill and complete with initial production estimated to occur by mid May 2024.
PetroTal is pleased to announce continued advancement on the OCP pilot oil shipment with the signing of three key approvals. In early February 2024, the Company received approval letters from the Ecuadorian Ministry of Environment and Ecuadorian Navy along with the successful signing of a use of port agreement with Petroecuador to start the 100,000 bbl pilot. Pending success of the first pilot, the Company anticipates an additional pilot in the second half of 2024 with recurring sales expected in Q4 2024.
https://twitter.com/surprised_trade/status/1770711771440939211
This is a well organized company
Also looking forward to the update tomorrow. Last year, we received 8c in dividends. Reckon with futures oil prices as they are for this FY, I reckon a total return of 9c to 10c is possible / likely. The trading range has been 42p to 50p, so that should also bump up, 48p to 60p as a conservative estimate perhaps?
Looking good.
GLA
Figures further boosted by 49k barrels on two more days' output. (I really am looking forward to Manolo's next salvoes on quayside activity and the grand plan supported by update .)
I wonder if that will make them adjust guidance for 2024 (forward Brent price, that is).
Also Brent futures contract to FY end remain above $82 for whole year. Average for remainder of year over $84.
Latest fiscalised production out till 15th. Looks like they have resumed exports after that pause due to barge spillage. Around 15.4k average per day last 6 days since resumption
Now $87. Would be good to consolidate around here.
Brent also pushed past 87.
So that's around 55 million extra in EBITDA annualised. ... on a production volume that is based on getting another year with record (100 years event) drought.
Https://www.msn.com/en-us/news/world/russia-faces-serious-threat-as-ukraine-attacks-refineries/ar-BB1k647X
Drone strikes on oil refineries/depots 300 miles east of Moscow are having real effect: very useful for swelling the cash pile in readiness for SE extension prep and 3D seismic on this year's capital programme (incl Osheki/Constitucion).
Provided tugmasters can stay awake in the wheelhouse the next 7 months could/should be helpful to PTAL's targets.
Brent $86
Credited on HL just now! FX rate is right on 1.265 as well so that was nice bonus :D
Based on last few times, HL have paid 1 business day later though in December annoyingly they credited after Monday close at 4.30pm so could only buy more ptal on Tuesday morning. Looks to be same case here
Me too. I will send them an email today.
Still no dividend from HL. Disappointing.
Brent above $86. Update this week. All looking good IMHO
GLA
Results and webcast are on Thursday.
https://twitter.com/Petro_Tal/status/1765290745072660496
Last March 9th we got a corporate and operational update. we are due one
Same here at HL. These guys are geeting annoying. the amount of money they must be sitting on " for a few days" must add up. Looking to go eleswhere.
As yett, nothing in HL Always very slow paying PTAL divis,
Received from AJBell at 1100. They have always paid the dividend swiftly on payment date, no complaints.
Hopefully the next set of petroperu production data shows us back up to speed, Brent looking lovely. GLA.
Cheers Metis. I suspected ii may be one of the fastest and also appears to be one of the cheapest to trade. Going to open an account when the new tax year starts.
Just come into my ii account - 15% withholding tax applied.
Anyone got theirs yet? Thinking of putting some funds elsewhere, so a speedy payer would be good. Recommendations welcome. Thinking ii maybe good?