• PetroTal had already reported 1Q22 production and its cash and debt positions as at the end of March.
• Production continues to be high with 17,411 bbl/d from April 9 until April 30 and 15,714 bbl/d in May. This excludes any export through the ONP as 18 mbbl/d (16 mbbl/d previously) can now be sold through Brazil and to Iquitos. The new 2Q22 production guidance of 13.5 mbbl/d is above our expectations of 12 mbbl/d.
• The Company has successfully completed a pilot Brazilian shipment without di ....
27 May 2022
PetroTal Corp (AIM: PTAL): Strong production and lower costs more than offset slightly lower FY22 production guidance
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PetroTal Corp (AIM: PTAL): Strong production and lower costs more than offset slightly lower FY22 production guidance
• PetroTal had already reported 1Q22 production and its cash and debt positions as at the end of March.
• Production continues to be high with 17,411 bbl/d from April 9 until April 30 and 15,714 bbl/d in May. This excludes any export through the ONP as 18 mbbl/d (16 mbbl/d previously) can now be sold through Brazil and to Iquitos. The new 2Q22 production guidance of 13.5 mbbl/d is above our expectations of 12 mbbl/d.
• The Company has successfully completed a pilot Brazilian shipment without di ....