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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: 46.50
High: 46.50
Low: 46.50
Prev. Close: 46.50
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PetroTal crude oil reserves and net present value increase in 2023

Mon, 12th Feb 2024 09:26

(Alliance News) - PetroTal Corp on Monday hailed its natural aquifer support as it reported an increase in net present value and crude oil reserves in the past year.

PetroTal focuses on oil and gas development in Peru. It had total proved plus probable and possible crude oil reserves of 199.6 million barrels at the end of 2023, up 19% from 168.3 million at the end of 2022. Net present value of those 3P reserves grew by 3.0% to USD3.89 billion from USD3.77 billion.

Chief Executive Officer Manuel Zuniga-Pflucker said: "Reserves attributed to the Bretana oil field have grown tremendously since 2017. Our drilling success combined with the field's strong natural aquifer support that allows for recovery factors beyond 30% has underpinned a world class oil operation that is expected to deliver material free cash flow for the next 20 years."

PetroTal shares were up 0.5% to 43.20 pence each on Monday morning in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
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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9 Jun 2023 14:36

PetroTal working with Peruvian government to resolve river blockade

(Alliance News) - PetroTal Corp said on Friday that it was working with the Peruvian government to find a resolution to a river blockade that started last week Saturday.

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