• Production continues to be very high, averaging ~21 mbbl/d in April and ~21.14 mbbl/d so far in May. Production has exceeded 20 mbbl/d for over 74 consecutive days.
• We understand that April sales matched production, which demonstrates that the Brazil export route is working well.
• PetroTal continues to expect that ~270,000 bbl of oil will be exported in late 2Q23 at Bayovar, generating US$5-6 mm in net revenue. For the time being, PetroTal is not exporting new volumes through the ONP until ....
11 May 2023
PetroTal Corp (AIM: PTAL): Another strong quarter with continued high production
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PetroTal Corp (AIM: PTAL): Another strong quarter with continued high production
• Production continues to be very high, averaging ~21 mbbl/d in April and ~21.14 mbbl/d so far in May. Production has exceeded 20 mbbl/d for over 74 consecutive days.
• We understand that April sales matched production, which demonstrates that the Brazil export route is working well.
• PetroTal continues to expect that ~270,000 bbl of oil will be exported in late 2Q23 at Bayovar, generating US$5-6 mm in net revenue. For the time being, PetroTal is not exporting new volumes through the ONP until ....