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.
Read moreWed, 07th Apr 2021 15:55
(Alliance News) - PetroTal Corp on Monday reported increased oil production and sales but a lower price received.
Read morePetroTal 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.
Read morePetroTal 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.
Read more(Sharecast News) - PetroTal confirmed in an update on Wednesday that it would distribute a dividend payment of $23m on 15 September.
Read more(Alliance News) - PetroTal Corp on Tuesday reported a lower second quarter profit than a year ago, as the price of Brent eased.
Read more(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.
Read more(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.
Read more(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.
Read more(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.
Read more(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.
Read more(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.
Read more(Sharecast News) - PetroTal updated the market on the ongoing "illegal river blockade" in Peru on Friday, reporting significant operational disruption as the Indigenous Association for Development and Conservation of Bajo Puinahua (AIDECOBAP) seized and held two oil transport convoys.
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PetroTal Corp - Calgary, Canada-based, Peru-focused oil and gas company - Notes blockage in Puinahua canal in Peru against all ships providing services to the company, which started last week Saturday. Blockage is by the Indigenous Association for Development & Conservation of Bajo Puinahua. "PetroTal has called for an immediate and peaceful end to the blockade so that safe river transportation operations can resume," the company says. It adds that the blockage coincides with planned output reductions to tie in previously installed infrastructure and modify production operations to benefit future oil production. Installation work starts on Thursday, with the field being shut for around five days. PetroTal's oil output in June so far is on average at about 10,000 barrels of oil per day, company says.
Read more(Sharecast News) - Oil and gas company PetroTal is facing an "illegal and violent" river blockade by the Indigenous Association for Development and Conservation of Bajo Puinahua (AIDECOBAP), it announced on Thursday.
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