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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.
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PetroTal Corp. (TAL) released its 2022 ESG Sustainability Report, showcasing a 6.96 kg CO2eq/bbl Scope 1 emissions and various carbon offset projects. The report highlights the Company's dedication to environmental stewardship, social responsibility, and safety, achieving significant advancements in ESG practices and reporting from previous years. PetroTal also announced the drilling commencement of well 16H, the first well to be drilled from the new L2 West platform.
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PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) reports Q3 2023 average sales and production of 11,553 bopd and 10,909 bopd respectively. The company also declares a US$0.02 per share dividend to be paid on December 15, 2023. The OCP sales pilot is commencing shortly with support from the Ecuadorian government, aiming to carry up to 5,000 bopd. The company exited the quarter with a strong cash position of $113 million, up 22% from the end of Q2 2023.
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PetroTal Corp. reports Q3 2023 production and provides operational updates
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Emily Morris joins PetroTal's board of directors
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PetroTal Corp. issues 752,833 Common Shares to employees under the PSU plan. Directors and officers receive significant share allocations. Application for trading on AIM expected on October 2, 2023.
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PetroTal Corp. announces dividend payment confirmation of $23 million representing US$0.025/share, equating to a 4.3% quarterly yield. Buybacks have resumed with 3,886,822 shares repurchased worth approximately $2.3 million. Production in July and August averaged 11,552 bopd and 12,651 bopd respectively. Management to present at upcoming conferences.
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PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) reports record Q2 2023 production and sales, with a 56% and 46% growth over Q1 2023, respectively. The company achieved a strong cash position, generated significant EBITDA and Free Funds Flow, and declared a cash dividend of US$0.025 per common share for Q3 2023.
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FAQ
What is the current stock price of Petrotal (PTALF)?
The current stock price of Petrotal (PTALF) is $0.475 as of February 28, 2025.
What is the market cap of Petrotal (PTALF)?
The market cap of Petrotal (PTALF) is approximately 438.1M.
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.
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