STOCK TITAN
  1. Home
  2. News
  3. PTALF

PETROTAL CORP ORD - PTALF STOCK NEWS

Welcome to our dedicated page for PETROTAL ORD news (Ticker: PTALF), a resource for investors and traders seeking the latest updates and insights on PETROTAL ORD stock.

PETROTAL CORP ORD (PTALF) is a publicly traded oil and gas development and production company located in Calgary, Alberta. With a strong focus on developing oil assets in Peru, PetroTal's flagship asset is the Bretana oil field in Peru's Block 95. The company has experienced significant growth, achieving a 20% average daily production increase in 2023 and a 17% return on capital employed. PetroTal's 2024 budget includes plans for continued growth, operational improvements, and stable return of capital program.

News

PetroTal Announces Strategic Acquisition of Block 131 in Peru

Rhea-AI Summary

PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) has announced the strategic acquisition of Block 131 in Peru, including the Los Angeles field, for approximately $5.0 million in cash. The acquisition adds 900 bopd of production effective January 1, 2024, with recoverable reserve estimates up to 4.9 million bbls and significant upside potential from deeper reservoirs. The assets are synergistic and accretive to the company's operations, with immediate development plans. PetroTal aims to increase sales capacity, realize lower Brent differentials, and lower operating costs through operational initiatives. The acquisition is subject to regulatory approvals and offers strategic attributes such as low-cost light oil reserve additions, refinery capacity synergies, and netback enhancements.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
acquisition
-
News

PetroTal Announces Corporate Updates

Rhea-AI Summary
PetroTal Corp. announces leadership team updates with the appointment of Mr. Camilo McAllister as Executive Vice President and Chief Financial Officer, bringing over 25 years of experience in the international energy sector. Additionally, Mr. Emilio T. Acin Daneri joins as Vice President, Business Development, with over 30 years of experience in global oil companies. The Company expresses gratitude to Mr. Douglas Urch for his contributions as he retires from his role as the Chief Financial Officer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
Tags
none
-
News

PetroTal Announces Q1 2024 Operations and Corporate Updates

Rhea-AI Summary
PetroTal Corp. (PTALF) reports a 23% increase in production Quarter over Quarter, reaching 18,518 bopd in Q1 2024. The company maintains a strong cash position with $63 million in unrestricted cash as of March 31, 2024. Operational updates include successful drilling activities and progress in erosion control measures. PetroTal plans to host a webcast for its Q1 2024 results on May 9, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
News

PetroTal Announces PSU Share Issuance and Total Voting Rights

Rhea-AI Summary
PetroTal Corp. issues 1,323,473 Common Shares to employees as part of the annually vested performance share unit plan, following the achievement of 2023 KPIs. The Company now has a total of 11,383,283 PSUs outstanding. Application will be made for the admission of these shares to trading on AIM, with an expected effective date of April 11, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.72%
Tags
none
-
News

PetroTal Announces Q4 and 2023 Financial and Operating Results

Rhea-AI Summary
PetroTal Corp. reports strong financial performance in Q4 2023 and 2023, with average production growth of 17% and a 30% return on capital employed. The company generated $91 million in free funds flow, returned over $61 million to shareholders, and maintained a robust cash position. Despite challenges due to dry season conditions, PetroTal achieved market guidance and exited 2023 with a production of approximately 20,000 bopd. The company's strong balance sheet positions it well for future growth opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
-
News

PetroTal Announces Grant of Performance Share Units for Dividend Equivalents

Rhea-AI Summary
PetroTal Corp. announces the payment of a $18.4 million dividend to shareholders on March 15, 2024, equating to a 13.9% annualized yield. The Company also granted performance share units (PSUs) to employees and officers. PetroTal will host a webcast for its Q4 2023 and 2023 full-year results on March 21, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
News

PetroTal Announces Dividend Declaration

Rhea-AI Summary
PetroTal Corp. announces a dividend declaration of USD$0.02/share payable on March 15, 2024, based on Q4 2023 results and January 2024 liquidity test. The dividend represents a 15% annualized yield and includes a recurring amount plus a minimum liquidity sweep. The dividend timetable includes an ex-dividend date of February 28, 2024, a record date of February 29, 2024, and a payment date of March 15, 2024. Shareholders should be aware of potential fluctuations in the excess liquidity sweep portion of future dividends.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.82%
Tags
dividends
-
News

PetroTal Announces 2023 Year-End Oil Reserves

Rhea-AI Summary
PetroTal Corp. reports strong financial and operational results in its 2023 year-end reserve evaluation. Key highlights include 1P and 2P reserve increases, 1P and 2P reserves replacement ratios, and 2P after-tax NPV-10 value. The company's market capitalization is at a discount to its PDP after-tax NPV-10 valuation, despite making significant shareholder distributions and remaining debt-free. The Bretana oil field's reserves have seen substantial growth, with a focus on increasing value for stakeholders and delivering free cash flow for the next 20 years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.85%
Tags
none
-
News

PetroTal Announces 2024 Budget and Other Corporate Updates

Rhea-AI Summary
PetroTal Corp. announces its fully funded 2024 budget, projecting average production and sales of 17,000 bopd with a 20% year-on-year increase. The company aims to achieve funds flow of $160 million and free funds flow of $25 million, targeting a ~12% return from dividends and buybacks prior to liquidity sweeps. The PR details the 2024 budget and drilling highlights, including investment in the Bretana oilfield, a two-year seismic program, and commercializing new oil sales routes. The company also provides guidance on production, sales, opex, dividends, and share buybacks.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
Tags
none
News

PetroTal Announces Q4 2023 Operations and Corporate Updates

Rhea-AI Summary
PetroTal Corp. (TAL) announces an average production of 14,865 bopd in Q4 2023, with December 2023 production at 20,090 bopd. The company has a cash liquidity of $90 million as of December 31, 2023. PetroTal has completed the installation of the L2 West Platform and drilled its first horizontal well. The company is working on obtaining authorization for an alternative sales route and will be announcing its 2024 budget and guidance on January 22, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.69%
Tags
earnings

FAQ

What is the current stock price of PETROTAL ORD (PTALF)?

The current stock price of PETROTAL ORD (PTALF) is $0.4995 as of October 15, 2024.

What is the market cap of PETROTAL ORD (PTALF)?

The market cap of PETROTAL ORD (PTALF) is approximately 449.9M.

Where is PETROTAL CORP ORD headquartered?

PETROTAL CORP ORD is headquartered in Calgary, Alberta.

What is PETROTAL CORP ORD's flagship asset?

PETROTAL CORP ORD's flagship asset is the Bretana oil field in Peru's Block 95.

What was the production growth rate achieved by PETROTAL CORP ORD in 2023?

PETROTAL CORP ORD achieved a 20% average daily production increase in 2023.

What is PETROTAL CORP ORD's 2024 budget focused on?

PETROTAL CORP ORD's 2024 budget includes plans for continued growth, operational improvements, and stable return of capital program.

What is the return on capital employed for PETROTAL CORP ORD in 2023?

In 2023, PETROTAL CORP ORD achieved a 17% return on capital employed.

Stock PTALF logo
PETROTAL CORP ORD

OTC:PTALF

PTALF Rankings

N/A Ranked by Market Cap
N/A Ranked by Dividends

PTALF Stock Data

449.88M
457.39M
24.36%
16.03%
Oil & Gas E&P
Energy
Link
United States of America
Houston