• 1Q20 financials are in line with expectations and 1Q20 production had been reported previously.
• At the end of 1Q20, current trade and other payables had been reduced to ~US$45 mm compared to ~US$55 mm at YE19.
• Most importantly, PetroTal continues to expect the Bretaña field to be re-opened this month.
• The contingent liability with Petroperu is estimated at US$25 mm at the current oil price and the company has entered into a financial swap for 0.46 mmbbl of oil with an ICE Brent refere ....
10 Jul 2020
PetroTal Corp (AIM: PTAL): Production re-start expected in July
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PetroTal Corp (AIM: PTAL): Production re-start expected in July
PetroTal Corp. (PTAL:LON) | 44.2 0 0.0% | Mkt Cap: 406.8m
- Published:
10 Jul 2020 -
Author:
Stephane Foucaud -
Pages:
5
• 1Q20 financials are in line with expectations and 1Q20 production had been reported previously.
• At the end of 1Q20, current trade and other payables had been reduced to ~US$45 mm compared to ~US$55 mm at YE19.
• Most importantly, PetroTal continues to expect the Bretaña field to be re-opened this month.
• The contingent liability with Petroperu is estimated at US$25 mm at the current oil price and the company has entered into a financial swap for 0.46 mmbbl of oil with an ICE Brent refere ....