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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
3 Nov 2022 11:34

PetroTal announces testing success at well 13H

(Sharecast News) - PetroTal announced the successful testing results of well 13H, its 13th producing well, on Thursday, reporting that it tested at about 8,000 barrels of oil per day over its first week of production.

Read more
13 Oct 2022 13:04

PetroTal reports second-best quarter of production

(Sharecast News) - PetroTal updated the market on operations in its third quarter on Thursday, reporting production of 1.12 million barrels, or 12,229 barrels of oil per day, making for its second-best producing quarter to date.

Read more
8 Sep 2022 15:59

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Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
25 Aug 2022 12:56

PetroTal reports several financial records in second quarter

(Sharecast News) - PetroTal reported record second-quarter revenue on Thursday, with oil revenue rising to $118.4m, compared to $42.8m a year earlier.

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25 Aug 2022 11:19

AIM WINNERS & LOSERS: PetroTal revenue surges; IOG cuts guidance

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25 Aug 2022 10:36

PetroTal triples interim net income on rising oil prices

(Alliance News) - PetroTal Corp on Thursday reported crude oil revenue jumping in the first half of 2022, boosted by high growth in oil prices.

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5 Jul 2022 10:14

PetroTal shares rise with record quarterly production

(Alliance News) - PetroTal Corp shares rose on Tuesday after the company reported record production that surpassed guidance for its second quarter.

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16 Jun 2022 13:38

IN BRIEF: PetroTal tenders 720,000 barrels of oil following delays

PetroTal Corp - Houston, Texas-based oil and gas company - Reports that around 720,000 barrels of Bretana oil has now been tendered at the Bayovar port by Petroperu for July lifting. This follows an accelerated and temporary re-opening of section two of the Northern Peruvian pipeline, which had been closed as a result of maintenance operations. Section one remains closed between pump stations one and five due to delays from ongoing social protests, it adds.

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16 Jun 2022 11:28

PetroTal upbeat on sales developments in Peru

(Sharecast News) - PetroTal updated the market on its sales on Thursday, with 720,000 barrels of oil under contract for export from Bayovar by Petroperu for the July lifting.

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26 May 2022 11:40

PetroTal reports record production, net income in first quarter

(Sharecast News) - PetroTal reported record quarterly production on Thursday, of 11,746 barrels of oil per day in its first quarter, and record quarterly sales of 15,518 barrels per day, up a respective 60% and 80% year-on-year.

Read more
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28 Apr 2022 09:56

PetroTal achieves four-year production target in December

(Sharecast News) - PetroTal said in an update on Thursday that it achieved production of 8,966 barrels of oil per day and sales of 8,449 barrels per day in 2021, up 58% and 48% year-on-year, respectively.

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