PetroTal Corp - Houston, Texas-based oil and gas company - Reports that around 720,000 barrels of Bretana oil has now been tendered at the Bayovar port by Petroperu for July lifting. This follows an accelerated and temporary re-opening of section two of the Northern Peruvian pipeline, which had been closed as a result of maintenance operations. Section one remains closed between pump stations one and five due to delays from ongoing social protests, it adds.
Chief Executive & President Manuel Pablo Zuniga-Pflucker says: "We applaud Petroperu's efforts to resume partial pipeline operations in a safe and reliable way. The true up revenue to be received from this tender was previously anticipated in Q4 2022 and will provide assurance that we can execute our shareholder strategy on time and as indicated in our corporate presentation."
Current stock price: 54.73 pence, up 3.3% on Thursday in London
12-month change: more than tripled from 14.88p
By Heather Rydings; heatherrydings@alliancenews.com
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PetroTal (PTAL)