• YE22 net cash and 4Q22 production had already been reported.
• Production continues to be very high with 20,500 bbl/d production to date during March.
• PetroTal expects to sell >19 mbbl/d through Brazil in March and >18 mbb/d in April. This would be the highest level achieved though that route. This is important because the net backs through Brazil are higher than through the ONP.
• PetroTal has re-iterated its FY23 production guidance of 14-15 mbbl/d. There is however an upside case of 17 m ....
30 Mar 2023
PetroTal Corp (AIM: PTAL): Generous capital return: 10% buyback plus ~13% dividend yield
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PetroTal Corp (AIM: PTAL): Generous capital return: 10% buyback plus ~13% dividend yield
• YE22 net cash and 4Q22 production had already been reported.
• Production continues to be very high with 20,500 bbl/d production to date during March.
• PetroTal expects to sell >19 mbbl/d through Brazil in March and >18 mbb/d in April. This would be the highest level achieved though that route. This is important because the net backs through Brazil are higher than through the ONP.
• PetroTal has re-iterated its FY23 production guidance of 14-15 mbbl/d. There is however an upside case of 17 m ....