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
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PetroTal (PTAL)