PetroTal Corp - Houston, Texas-based oil & gas company - Generates revenue of USD41.8 million in the first quarter of 2020 compared with USD50.5 million revenue in the final quarter of 2019. Net operating income was USD17.8 million, down from USD28.4 million in the prior quarter. Attributes drop in income and revenue to the steep decline in oil prices. Has a contingent derivative liability of USD40.8 million as at March 31.
Current stock price: 10.50 pence
Year-to-date change: down 65%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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PetroTal (PTAL)