• There are no surprises in the 2Q20 financials.
• A total of 0.08 mmbbl was delivered to Iquitos and the Petroperu pipeline in July.
• As at August 17, 2020, PetroTal had cash resources of US$13.5 mm, with accounts payable and accrued liabilities of ~ US$37 mm (a reduction of US$12 mm from the end of June). Of this amount, only US$28 mm is due in 2020.
• Importantly, PetroTal indicated that favorable discussions between the Government of Peru and the communities has resulted in the protestor ....
19 Aug 2020
PetroTal Corp (AIM: PTAL): Pipeline allowed to restart this week, Bretana to be back on line by the end of August
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PetroTal Corp (AIM: PTAL): Pipeline allowed to restart this week, Bretana to be back on line by the end of August
PetroTal Corp. (PTAL:LON) | 44.2 0 0.0% | Mkt Cap: 406.8m
- Published:
19 Aug 2020 -
Author:
Stephane Foucaud -
Pages:
5
• There are no surprises in the 2Q20 financials.
• A total of 0.08 mmbbl was delivered to Iquitos and the Petroperu pipeline in July.
• As at August 17, 2020, PetroTal had cash resources of US$13.5 mm, with accounts payable and accrued liabilities of ~ US$37 mm (a reduction of US$12 mm from the end of June). Of this amount, only US$28 mm is due in 2020.
• Importantly, PetroTal indicated that favorable discussions between the Government of Peru and the communities has resulted in the protestor ....