Member Info for Andy1022

Quoting CNN and a member since 2026.....

I rest my case M'Lud.

Keep working, Brothers

I'm beginning to think that Sasha and the Condom are actually SBU.

I mean, the SBU are both persistent and terminally stupid.....

As long as you two idiots keep posting on this chat

I've been arguing with Sasha and the Condom for years..... "there are none that are more blind that those that cannot see."

"and now, the end is near, and so I face, the final curtain, "

You were warned.

Sasha and The Condom. Go find another Oink stonk to pollute.

Are you two (Sasha and The Condom) still here??

I'll give you this, you're persistent . Persistently dim.

Don't forget those Pesky Rooskies (TM) at the door Makin ...

and for those perennial Slavering Oookraine oinks Sasha and the Condom, time to leave the burning house that is FXPO whilst you can.

"The Cambo field development plan was formally withdrawn by the UK government on February 25, 2026, as confirmed in the official GOV.UK records. This decision came after Ithaca Energy, the project’s operator, did not submit a new field development plan (FDP) before the licence extension expired. The withdrawal marks the end of the formal development process for the controversial project.

Ithaca Energy had previously stated it was awaiting fiscal clarity from the UK government, particularly regarding the Energy Profits Levy (windfall tax), before making a final investment decision. Despite acquiring full ownership of the field after Shell’s exit and completing a technical "refresh" with Eni, Ithaca did not proceed with a new FDP submission."

Elite - perhaps if you were correct I would - but you're not....

The PetroTal January 2026 presentation (specifically the 2026 Guidance webcast and associated announcements released January 20, 2026, often referred to as the Q4 2025 Guidance Call/2026 Budget update) does discuss shut-in wells at the Bretaña field, but not primarily due to water constraints. In fact, water is only mentioned twice in the release, and nowhere related to "shut in wells" or "water constraints" There are no longer any shut-in producing wells belonging to PTAL and to claim so is misleading.

Have you actually read any of it??

There are no shut in wells. All six shut in wells from 2025 that had tubing leaks were fixed and were returned to production by Dec 25.

Young Mr Rax

how often do you convene your "Board"?

Do you understand your fudicial responsibility as a board member and director?

might I go on?

Rex

I'm glad you're not on the board.

For once I would concur with lowIQ Conjob.

much rgds

an oilman

CM94 (likely IQ) - just for you sheet4brains;

Annual Production Trends (Company-Wide, Dominated by Bretaña)

2023: Average ~14,248 bopd (Bretaña as primary contributor).

2024: Average ~17,733–17,785 bopd (up ~24–25% YoY).

2025 (YTD through Q3/Sep): Average ~20,894 bopd (up ~21% over first 9 months of 2024); full-year guidance revised to 20,000–21,000 bopd (still up ~13–18% from 2024).

Bretaña typically accounts for 90–95%+ of PetroTal's output, so these trends closely mirror field-level performance.

Quarterly Declines and Details (Last 3 Years Focus)

Declines have been quarter-to-quarter and temporary, often offset by recoveries via interventions. Key instances:

Q4 2024 / Q1 2025 Transition: Pump failures in four producing wells (Dec 2024–Feb 2025) caused temporary drops; production rebounded strongly in Q1 2025 (~22,660 bopd at Bretaña, up 17% from Q4 2024).

Q1 2025 to Q2 2025: Bretaña production declined ~2,150 bopd QoQ (from prior quarter highs), attributed to a mix of natural reservoir decline and lingering effects of the 2024–2025 pump failures. Group production still averaged ~21,039 bopd in Q2 (up 15% YoY).

Q2 2025 to Q3 2025: More pronounced drop—Bretaña production fell ~2,600 bopd QoQ (to ~17,938 bopd average in Q3). This was largely due to production tubing leaks discovered during pump investigations, leading to shut-ins of 5+ wells from mid-August onward. Field output dipped below capacity (e.g., early October averages ~16,000 bopd group-wide; some updates noted mid-September at ~16,750–18,325 bopd range with fluctuations). Despite this, Q3 was still up ~21% YoY vs. Q3 2024 (~2,800 bopd higher at Bretaña).

Other Notes: Minor declines in auxiliary fields (e.g., Los Angeles down 50–90 bopd in some quarters due to workovers), but not material to Bretaña.

Context and Outlook

These declines are operational/temporary (e.g., ESP pump failures, tubing leaks requiring workovers/shut-ins) rather than fundamental reservoir decline. PetroTal has actively addressed them via well interventions, pump replacements, and facility upgrades.

Overall trajectory remains upward: Bretaña output in 2025 has been ~40% higher in key periods vs. same time last year, with new horizontal wells and AICDs helping sustain rates.

No evidence of long-term structural decline; the field is still in development phase with booked drilling locations (e.g., 8–16+ potential wells) and OOIP estimates supporting further recovery.

Recent updates (as of 13/01/26) indicate ongoing workover campaigns have restored shut-in wells, with minimal expected impact (

Conman - do one

see you at the end of 2026. Or not.

You're two months out Spunkbubble....

13th Jan 2026...

"....I am pleased to report that recent wells have responded positively to production tubing replacements, and our current corporate production is in line with the November 2025 forecast as we begin the new year."

but you keep grinding away

Let's leave it here and get back to the facts when we get the end of '26 month by month production figures shall we? Hope you'll be knocking about..... :-/

I might chime in now and again when the inter-26 year figures appear and are FLATLINE

“Never associate with idiots on their own level, because, being an intelligent man, you’ll try to deal with them on their level—and on their level they’ll beat you every time.” Jean Cocteau

I see The Vampire Squid has re-rated ITH to a Neutral from the Sell that caused the mass sell off last year, after making their insider clients millions in shorts.

https://www.tipranks.com/news/the-fly/ithaca-energy-upgraded-to-neutral-from-sell-at-goldman-sachs-thefly?mod=mw_quote_news

You're typing arsh .....

which bit of this do you not understand ?

"Group production during the first week of January 2026 has averaged approximately 15,600 bopd, essentially flat to November 2025 levels, and in line with the indicative 2026 production forecast published with PetroTal’s Q3 2025 financial results on November 13, 2025."

"Flat" to me means not going up or down and "in line" means the same as......

Did I quote you saying that the "company would die"?

No.

The 2026-28 development drilling CAPEX has been baked into the PTAL finances likely for over 5 years (wells design around 2-5 year timeline) and so they won't "need to burn heavy cash in H2"

Production as I stated previously, is not "going to drop" it is flat line now since the successful 2025 well interventions. Production lookahead based on P1 reserves and successful drilling results in 2026 will be increased >20% to 20kboe/d

define "soon"