• PetroTal is confirming a US$100 mm capex programme in 2021 to produce an average of 11-12 mbbl/d in 2021, exiting 2021 at 18-19 mbbl/d. 4Q21 production is expected to be 16-17 mbbl/d, increasing from 9-10 mbbl/d in 1H21.
• The capex programme includes US$68 mm to drill five development wells (the 5th well will not contribute to production until Feb 2022) and one water disposal well. US$13 mm will be allocated to production facilities to increase water handling to 124 mbbl/d (of fluids - oil/w ....
18 Feb 2021
PetroTal Corp (AIM: PTAL): US$100 mm capital programme in 2021
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PetroTal Corp (AIM: PTAL): US$100 mm capital programme in 2021
PetroTal Corp. (PTAL:LON) | 48.0 0 0.0% | Mkt Cap: 439.3m
- Published:
18 Feb 2021 -
Author:
Stephane Foucaud -
Pages:
5
• PetroTal is confirming a US$100 mm capex programme in 2021 to produce an average of 11-12 mbbl/d in 2021, exiting 2021 at 18-19 mbbl/d. 4Q21 production is expected to be 16-17 mbbl/d, increasing from 9-10 mbbl/d in 1H21.
• The capex programme includes US$68 mm to drill five development wells (the 5th well will not contribute to production until Feb 2022) and one water disposal well. US$13 mm will be allocated to production facilities to increase water handling to 124 mbbl/d (of fluids - oil/w ....