• PetroTal is launching a bond issue to raise US$100 mm. This would allow the firm to accelerate drilling and development activities at Bretana (~US$40 mm), put in place a hedging programme and allow the firm to consider regional acquisitions.
• Some of the proceeds of the bond issue will be used to repay the US$16.6 mm derivative liabilities to Petroperu that was formalized in November. However, with the recent upwards shift of the forward curve, the potential derivative liabilities is now an a ....
13 Jan 2021
PetroTal Corp (AIM: PTAL): US$100 mm bond to accelerate activities and grow production
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PetroTal Corp (AIM: PTAL): US$100 mm bond to accelerate activities and grow production
PetroTal Corp. (PTAL:LON) | 48.0 -0.1 (-0.5%) | Mkt Cap: 439.3m
- Published:
13 Jan 2021 -
Author:
Stephane Foucaud -
Pages:
5
• PetroTal is launching a bond issue to raise US$100 mm. This would allow the firm to accelerate drilling and development activities at Bretana (~US$40 mm), put in place a hedging programme and allow the firm to consider regional acquisitions.
• Some of the proceeds of the bond issue will be used to repay the US$16.6 mm derivative liabilities to Petroperu that was formalized in November. However, with the recent upwards shift of the forward curve, the potential derivative liabilities is now an a ....