PetroTal (PTAL LN/TAL CN)C: Update in Peru - Based on discussions with Petroperu, PetroTal expects that in July 2020, the oil sales pipeline will re-open allowing for Bretana oil field operations to recommence. As a result of the recent recovery in oil prices, the Company estimates that the contingent liability has decreased from US$42 mm to approximately US$35 mm as of May 28, 2020. The Company is in discussions to facilitate an arrangement whereby the contingent liability, when crystallized, ....
05 Jun 2020
Auctus on Friday - 05/06/2020
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Auctus on Friday - 05/06/2020
GETECH Group plc (GTC:LON), 8.5 | Harbour Energy Plc (HBR:LON), 285 | STERLING RESOURCES (SLG:TSE), 0
- Published:
05 Jun 2020 -
Author:
Stephane Foucaud -
Pages:
5
PetroTal (PTAL LN/TAL CN)C: Update in Peru - Based on discussions with Petroperu, PetroTal expects that in July 2020, the oil sales pipeline will re-open allowing for Bretana oil field operations to recommence. As a result of the recent recovery in oil prices, the Company estimates that the contingent liability has decreased from US$42 mm to approximately US$35 mm as of May 28, 2020. The Company is in discussions to facilitate an arrangement whereby the contingent liability, when crystallized, ....