• Production continues to be impacted by the reduced barge movements to/from Brazil during the low river dry season. • Production in July of 11,552 bbl/d had been previously reported. Production in August was 12,651 bbl/d, in line with previous indications (~13 mbbl/d). • We forecast ~12 mbbl/d production in 3Q23. • The company has re-iterated its FY23 production guidance of 14 15 mbbl/d. • Important upcoming newsflow includes the potential reopening of the ONP pipeline allowing PetroTal to inc ....