PetroTal Corp - Peru-focused oil and gas development and production company - Says it is ready to open its Bretana oil field in Peru after the Peruvian government's supreme decree to increase funding to communities following social disruptions. Says the decree specifically addresses the local community participation criteria and takes steps to ensure that the funding process is properly monitored to ensure maximum benefit to the communities. The Bretana oil field shut down on August 10 after anti-government protests turned violent outside the oil field camp leaving three protesters dead.
Current stock price: 12.00 pence
Year-to-date change: down 60%
By Greg Roxburgh; gregroxburgh@alliancenews.com
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PetroTal (PTAL)