• 2Q22 production was ~14,467 bbl/d with US$77 mm in cash at the end of June is in line with expectations.
• In early 3Q22, the company encountered barging, resulting in oil production being constrained to 5.7 mbbl/d from July 7 until July 25. PetroTal has secured approximately 420,000 bbl of export barging capacity for August plus 60,000 bbl for the Iquitos Refinery which has allowed production to increase to 19,000 bbl/d since August.
• The fact that, even in this context, PetroTal’s cash po ....
25 Aug 2022
PetroTal Corp (AIM: PTAL): Cash up by ~US$40 mm in just 45 days.
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PetroTal Corp (AIM: PTAL): Cash up by ~US$40 mm in just 45 days.
• 2Q22 production was ~14,467 bbl/d with US$77 mm in cash at the end of June is in line with expectations.
• In early 3Q22, the company encountered barging, resulting in oil production being constrained to 5.7 mbbl/d from July 7 until July 25. PetroTal has secured approximately 420,000 bbl of export barging capacity for August plus 60,000 bbl for the Iquitos Refinery which has allowed production to increase to 19,000 bbl/d since August.
• The fact that, even in this context, PetroTal’s cash po ....