• 1Q21 production was 7.3 mbbl/d, in line with guidance of 7-8 mbbl/d, with production negatively impacted by downtime at the 4H well. A pump has been replaced at the 4H well that has since been producing ~2,300 bbl/d vs 1,872 bbl/dd prior to the pump failure. Production at the end of March had been restored to 8,275 bbl/d.
• The 7D deviated well has already been spudded and is expected to take approximately 35 days to drill.
• The company continues to expect production to reach 18-19 mbbl/d b ....
07 Apr 2021
PetroTal Corp (AIM: PTAL): 1Q21 update – delivering on expectations
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PetroTal Corp (AIM: PTAL): 1Q21 update – delivering on expectations
• 1Q21 production was 7.3 mbbl/d, in line with guidance of 7-8 mbbl/d, with production negatively impacted by downtime at the 4H well. A pump has been replaced at the 4H well that has since been producing ~2,300 bbl/d vs 1,872 bbl/dd prior to the pump failure. Production at the end of March had been restored to 8,275 bbl/d.
• The 7D deviated well has already been spudded and is expected to take approximately 35 days to drill.
• The company continues to expect production to reach 18-19 mbbl/d b ....