• 2Q19 production in Peru was 3.1 mbbl/d (GMP FEe: 3.0 mbbl/d) with net cash from operating activities of US$5.14 mm in 2Q19 (GMP FEe: US$0.6 mm). • PetroTal currently produces 5.5 mbbl/d; which is a rate constrained by the limited capacity of the surface facility. The capacity of the facilities continues to be expected to be increased by YE19 allowing the company to reach 10 mbbl/d production. PetroTal has already started the procurement process to add facilities in mid-2020 to all
29 Aug 2019
FLASH: Solid quarter
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FLASH: Solid quarter
PetroTal Corp. (PTAL:LON) | 47.5 0 0.0% | Mkt Cap: 434.8m
- Published:
29 Aug 2019 -
Author:
Stephane Foucaud -
Pages:
2
• 2Q19 production in Peru was 3.1 mbbl/d (GMP FEe: 3.0 mbbl/d) with net cash from operating activities of US$5.14 mm in 2Q19 (GMP FEe: US$0.6 mm). • PetroTal currently produces 5.5 mbbl/d; which is a rate constrained by the limited capacity of the surface facility. The capacity of the facilities continues to be expected to be increased by YE19 allowing the company to reach 10 mbbl/d production. PetroTal has already started the procurement process to add facilities in mid-2020 to all