• 2Q24 production of 18,290 bbl/d was very near our forecasts of 18.5 mbbl/d but marginally below the company target of ~19 mbbl/d. A brief river blockade impacted production but production in June was 20,555 bbl/d.
• Well 19H has achieved production rates of ~8.5 mbbl/d during the initial 7 days of production. This is one of the best wells drilled by the company, particularly given that the horizontal section was 600 m shorter than at other wells and that the well cost only US$11.5 mm. This com ....

11 Jul 2024
PetroTal Corp (AIM: PTAL): Unrestricted cash position increased by >30% during the last quarter

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
PetroTal Corp (AIM: PTAL): Unrestricted cash position increased by >30% during the last quarter
• 2Q24 production of 18,290 bbl/d was very near our forecasts of 18.5 mbbl/d but marginally below the company target of ~19 mbbl/d. A brief river blockade impacted production but production in June was 20,555 bbl/d.
• Well 19H has achieved production rates of ~8.5 mbbl/d during the initial 7 days of production. This is one of the best wells drilled by the company, particularly given that the horizontal section was 600 m shorter than at other wells and that the well cost only US$11.5 mm. This com ....