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  2. Share Prices
  3. PetroTal Share Price
  4. PetroTal Share News
  5. IN BRIEF: PetroTal shares up as river access re-opened in Peru

Pin to quick picksPetroTal Share News (PTAL)

PetroTal Information

Share Price Information for PetroTal (PTAL)

London Stock Exchange
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Share Price: 44.25
Bid: 44.00
Ask: 44.50
Change: -0.25 (-0.56%)
Spread: 0.50 (1.136%)
Open: 44.50
High: 44.80
Low: 44.25
Prev. Close: 44.50
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IN BRIEF: PetroTal shares up as river access re-opened in Peru

Thu, 15th Dec 2022 11:52

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.

Chief Executive Manuel Pablo Zuniga-Pflucker says: "We are pleased the Puinahua Channel has reopened and believe the forthcoming addendum incorporating the 2.5% Social Trust Fund to the Block 95 License Contract will provide long term stability and a material quality of life enhancement to the communities of the Puinahua District." 

Current stock price: 41.00 pence, up 10% on Thursday in London

12-month change: more than double from 20.50p

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2022 Alliance News Ltd. All Rights Reserved.

More News
22 Jan 2024 14:27

PetroTal expects income decrease but rise in production this year

(Alliance News) - PetroTal Corp on Monday said it anticipated oil production to increase this year, as the 16H well was on stream, while it expects net operating income to be lower in 2024 than in 2022.

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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.

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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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