• Production was constrained in January and February, with average production of ~7,600 bbl/d and 8,000 bbl/d respectively, due to restricted barging capacity over these two months.
• The barging fleet schedules have now been re-established with an increased capacity of 1.5 mmbbl (1.2 mmbbl in 2022) and PetroTal’s production has been averaging 20 mbbl/d since the last week of February.
• Given the constrained production rates over January and February, the company now expects 1Q23 production t ....

09 Mar 2023
PetroTal Corp (AIM: PTAL): Production back at 20 mbbl/d. Regular payments from Petroperu

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PetroTal Corp (AIM: PTAL): Production back at 20 mbbl/d. Regular payments from Petroperu
• Production was constrained in January and February, with average production of ~7,600 bbl/d and 8,000 bbl/d respectively, due to restricted barging capacity over these two months.
• The barging fleet schedules have now been re-established with an increased capacity of 1.5 mmbbl (1.2 mmbbl in 2022) and PetroTal’s production has been averaging 20 mbbl/d since the last week of February.
• Given the constrained production rates over January and February, the company now expects 1Q23 production t ....