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  2. Share Prices
  3. PetroTal Share Price
  4. PetroTal Share News
  5. IN BRIEF: Petrotal production up in "transformational" first quarter

Pin to quick picksPetroTal Share News (PTAL)

PetroTal Information

Share Price Information for PetroTal (PTAL)

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Share Price: 46.50
Bid: 46.00
Ask: 47.00
Change: 0.00 (0.00%)
Spread: 1.00 (2.174%)
Open: 46.75
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Low: 46.50
Prev. Close: 46.50
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IN BRIEF: Petrotal production up in "transformational" first quarter

Thu, 11th May 2023 14:16

PetroTal Corp - Calgary, Canada-based, Peru-focused oil and gas company - Says production in the first three months of the year was 12,618 barrels of oil per day, up 22% from 10,374 bopd the previous quarter.

Net operating income for the quarter was USD53.5 million, up 11% from USD48.4 million in the last quarter. Adjusted earnings before interest, tax, depreciation and amortisation was USD40.8 million, up 12% from USD36.3 million in the last three months of 2022.

Adds well 14H at its Bretana oil field in Peru was completed in late March and has produced 2,880 bopd at a constrained rate to date, in line with expectations.

Current stock price: 44.62 pence, up 3.2%

12-month change: up 21%

By Sabrina Penty; Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
10 Jan 2024 12:33

PetroTal reports solid fourth quarter production update

(Sharecast News) - PetroTal said in an update on Wednesday that in the fourth quarter, it achieved an average daily production of 14,865 barrels of oil per day, with a yearly total of 14,248 daily barrels.

Read more
10 Jan 2024 10:08

PetroTal hails Peru's rainy season as quarterly oil production climbs

(Alliance News) - PetroTal Corp on Wednesday reported a rise in quarterly oil production as it hailed the return of the rainy season in Peru.

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8 Dec 2023 15:19

IN BRIEF: PetroTal repurchases 68,176 shares

Petrotal Corp - AIM-listed oil and gas company, which focuses on resource development in Peru - announced on Friday that it repurchased 68,176 common shares at 47.5 pence each, paying around GBP32,000.

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30 Nov 2023 10:28

PetroTal announces drilling of well 16H and eyes January output

(Alliance News) - PetroTal Corp on Thursday said it has kicked off drilling of a well in Peru, and it also reaffirmed an environmental commitment.

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13 Nov 2023 13:31

PetroTal reports dry season challenges in third quarter

(Sharecast News) - PetroTal said in an update on Monday that it faced challenges in the third quarter due to a severe dry season and low river levels, which impacted its average quarterly sales and production figures.

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13 Nov 2023 11:49

PetroTal profit hit by oil price slide despite more production

(Alliance News) - PetroTal Corp on Monday reported increased oil production and sales but a lower price received.

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16 Oct 2023 16:42

IN BRIEF: PetroTal says production impacted by lower river levels

PetroTal Corp - Alberta, Canada-based oil and gas company - Updates on third quarter production. Achieves production of 10,909 barrels of oil per day in the quarter and is currently producing around 12,500 bopd. Explains production was lower than the guided 13,500 bopd as it was negatively impacted by lower than expected river levels that reduced barge capacity for the Brazil route exports. For the year ended September 30, produces around 14,040 bopd, which is inside full year production guidance range.

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13 Sep 2023 20:16

IN BRIEF: PetroTal reiterates production targets, pays dividend

PetroTal Corp - Alberta, Canada-based oil and gas company - Confirms dividend of USD0.025 per share will be paid to shareholders on September 15. Adds buybacks have resumed with another scheduled after a brief pause around the quarter end. Further, says production in July and August 2023 averaged 11,552 barrels of oil per day and 12,651 barrels respectively as the company managed reduced barge movement to and from Brazil during the anticipated low river dry season. Expects to make up the volume shortfall if river levels revert to normal in the fourth quarter, and reiterates its full year guidance range of between 14,000 barrels and 15,000 barrels.

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13 Sep 2023 11:02

PetroTal confirms dividend, maintains production guidance

(Sharecast News) - PetroTal confirmed in an update on Wednesday that it would distribute a dividend payment of $23m on 15 September.

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8 Aug 2023 14:12

PetroTal second quarter profit falls annually amid lower oil price

(Alliance News) - PetroTal Corp on Tuesday reported a lower second quarter profit than a year ago, as the price of Brent eased.

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8 Aug 2023 10:00

PetroTal upbeat after strongest ever quarter

(Sharecast News) - PetroTal reported record average quarterly sales of 18,483 barrels of oil per day in its second quarter on Tuesday, making for a 46% increase from the first three months of the year.

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6 Jul 2023 15:09

PetroTal hails record production despite disruption over quarter

(Alliance News) - PetroTal Corp on Thursday celebrated record oil production at its site in Peru over the second quarter, despite facing disruption due to an ongoing pipeline closure and separate social disruption.

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6 Jul 2023 15:05

PetroTal reports record second quarter production

(Sharecast News) - PetroTal said in a update on Thursday that during the second quarter, it achieved record production of 19,031 barrels of oil per day.

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20 Jun 2023 14:58

PetroTal gets back to work after lifting of river blockade

(Sharecast News) - PetroTal said in an update on Tuesday that the Indigenous Association for Development and Conservation of Bajo Puinahua (AIDECOBAP) had removed the river blockade on 10 June, thus allowing the resumption of its operations.

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20 Jun 2023 08:48

PetroTal says oil convoys released as Peru river blockade is lifted

(Alliance News) - PetroTal Corp on Tuesday said Peruvian and Brazilian oil convoys trapped by an illegal river blockade in the Puinahua canal in Peru have been released.

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