PetroTal Share News (PTAL)

UK earnings, trading statements calendar - next 7 days

TRADING UPDATES: Castillo Copper upgrades mineral resource estimate

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

PetroTal confident in making up first-quarter production shortfall

(Sharecast News) - PetroTal said in an operational update on Thursday that, following the re-establishment of barging fleet schedules, it had been producing an average of 20,000 barrels of oil per day since the last week of February.

PetroTal receives final approval to list on Toronto Stock Exchange

(Alliance News) - PetroTal Corp on Tuesday said it received final approval to list its shares on the Toronto Stock Exchange from Thursday.

TRADING UPDATES: Residential Secure sees rental rise; PetroTal NPV up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

IN BRIEF: PetroTal eyes 2023 output hike; earnings over USD200 million

PetroTal Corp - Calgary, Canada-based, Peru-focused oil and gas development and production company - Expects 2023 earnings before interest, tax, depreciation and amortisation of USD220 million with USD84 per barrel Brent oil forecast. Its Ebitda in 2021 amounted to USD105million. Announces 2023 capital investment budget of USD125 million, which it expects to generate significant after-tax, pre debt service free cash flow of USD55 million in 2023. Expects to have around USD240 million of available cash to repay company's debt, accrued interest and initiate a capital return programme to shareholders via share buybacks and dividends. Targets 2023 production growth of 15% to 19% above 2022 levels, equivalent to 14,000 to 15,000 barrels of oil per day. Says this may increase in late 2023 to around 17,000 bopd, if additional sales capacity becomes available mid-year.

PetroTal announces its approved 2023 budget

(Sharecast News) - PetroTal announced a fully-funded 2023 capital investment programme of $125m on Monday, that it said was expected to generate "significant" after-tax, pre debt-service free cash flow of $55m during the year.

PetroTal celebrates well testing alongside approval of social trust

(Alliance News) - PetroTal Corp on Wednesday said it is exploring the possibility of drilling another line of wells, after successful testing at the Bretana oil field.

PetroTal rises as Brazil river blockade is lifted

(Sharecast News) - PetroTal announced the reopening of river transportation to its operating area on Thursday, after a local conservation organisation removed its blockade.

LONDON MARKET MIDDAY: Bank of England lifts rates by half a percent

(Alliance News) - Stock prices in London were lower at midday, after the Bank of England raised UK interest rates by half a percentage point, as expected.

IN BRIEF: PetroTal shares up as river access re-opened in Peru

PetroTal Corp - Alberta, Canada-based oil and gas company - Says that the Asociacion Indigena de Desarrollo y Conservacion de Bajo Puinahua has removed a river blockade, allowing oil barge transportation access in and out of the company's operating area in Peru. With the reopening of river access, the oil and gas firm's Brazilian export route is now available. Production ramp up will begin immediately and is expected to reach around 18,000 barrels of oil per day for the remained of 2022. Fourth quarter oil production levels are estimated to average between 8,500 and 9,500 bopd.

AIM WINNERS & LOSERS: River access re-opened for PetroTal, shares up

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

PetroTal Corp bemoans production delays on Peruvian detainment protest

(Alliance News) - PetroTal Corp on Friday said it has reduced production at its oilfield in Peru, as protests by indigenous rights groups continue to cause delays.

PetroTal oil barrel sees higher oil production; expects increase

(Alliance News) - PetroTal Corp reported on Thursday that its oil barrel production in the third quarter of 2022 went up.

PetroTal celebrates Bretana testing with better than expected results

(Alliance News) - PetroTal Corp on Thursday said it was optimistic of good oil-in-place estimates after successful testing at its thirteenth well in the Bretana oil field.