Member Info for DanielPlainview1

If the 25 communities located wanted Petrotal to come they should consider it, but not if they don't want them there.

The block is in the hands of PetroPeru and the deal they had with Altamesa was that Altamesa payes for everything and gets 61% of profits and PetroPeru gets the rest. What happens now idk, if it's still will be in PetroPerus hand or go back to PeruPetro/gov

So you get the block for free but you sign up to pay 300M$ in investment during a specific amount of time. Question is how much do you need to spend to get it going and how much have Altamesa already put in?

Tought the same when I saw the article. 192 is next to Block 64. This is what Guillermo had to say about Block 64 this summer.

"Is lot 64 also interesting?

Lot 64 is of interest. We know that Petroperú will launch a call in theory this May. Do you know that the communities of 64, our brothers from Pituche, have asked us to please go because they love our vision?

Have they formally requested it?

Yes, there is even a letter that they sent us and they know about the progress that is being made for Puinahua, and they also want to be part of and benefit from that kind of development."

https://digital.energiminas.com/edicion/110#en-el-lote-95-podriamos-encontrar-tres-o-cuatro-campos-bretana-mas

Looks like Block 107 won't be drilled until 2026. The sooner they can drill it the less likelihood GTE will get back in, as their financials looks stretched to say the least.

Cheeper dollar should stimulate growth in emerging markets, where we will likly see most of oil demand growth the coming decades

10M shares traded yesterday?

Buyback volume looks like it did back in April, when they probably was negotiating for Block 131 and ASPP was active.

"The ASPP allows for the purchase of Common Shares under the NCIB at times when PetroTal would ordinarily not be permitted to purchase Common Shares due to regulatory restrictions and self-imposed blackout periods."

My hopium atlest

Upland just signed final papers for Block 8 with Perupetro last month, so no sign of the deal falling through yet sadly.

Seismic should have started Q324 but have been pushed back to 2025 as a result of lack of permits, so maybe Manolo goes to drill 131 and test drilling on 107 now anyways

The Talara lots looks very interesting, no ONP, no natives

You don't moan, you cry. Cry like a spoiled child who wants to open your presents 1 week before Christmas, and if you don't get everything you wished for you are going to cry even more.

How about less crying and more reading Petrotals latest earnings report? Seems like you have no idea what they are trying to do.

Or better yet, sell your shares so we don't have to hear more of your crying....

There is really no point to build storage as unconstrained oilproduction vastly outscales sales-capacity. The storage would fill up right away and stay full forever.

We get a new Presentation Sep 1, after that Manolo starts his roadshow. First stop Pareto confernce in Oslo Sep 11-12

Massive stack of cash, hiked guidence for Adjusted after tax free funds flow, and at the same time they halt buybacks and have gotten 3 new creditlines.

I think Manolo have some big plans in the works, but will not lett us know them before Block 131 transaction is closed.

And I think the plans are to bring in a second rig to drill Block 131 and Block 107, starting as soon as this year.

"Subsequent to the end of the quarter, PetroTal initiated barge loading for its pilot shipment on the OCP in Ecuador, which the near-term goal is to commence recurring shipments through this route at a competitive netback."

" Actual final sale of the pilot oil is expected in October 2024;"

20H that they are drilling now also belongs to the 2025 drilling program originally, so they will end 2025 with 24 wells right on track.

Great ER. They show that growth is prio 1 and that is what I like to see.

They plan to have the entire 2025 Bretana drill program done by late Q1 can only mean they want to send the rig down to Block 131 and maybe also 107

We can expect base dividend this time as we where told this last ER. They expanded a really Capex heavy year with even more spending back in May. I think this is great as for me growth is the most important metric, but it comes with the cost of lower FCF.

Block 131 also comes with 15M in reclaimationcosts.

I think we only will see base-dividend the coming year and that low FCF is the reason for no buybacks.

Last year we got it July 6, but we got the Q1 11 days after new quarter so who knows. I have production for Q2 at 17750 +-250, not counting Block131. Looking forward to updates about new sales routes, Block 131 and start of seismic för block 95 extension.

And its 5M$ with effective date of acquisition to be January 1, 2024. So we will end up paying way less than 5M$.