AUCTUS PUBLICATIONS
________________________________________
PetroTal (PTAL LN/TAL CN)C: Target price increased from £0.55to £0.70 per share: Very material reserves increase – YE21 1P, 2P and 3P reserves were ~37 mmbbl, 78 mmbbl and147 mmbbl respectively. This represents increases of 68%, 53% and 39% respectively, compared to YE20. The uplift reflects (1) an increase of the original oil in place (1P: +5%, 2P: +7%, 3P: +7%) and (2) an increase in the recovery factors of 18% (from 11%), 22% (from ....
18 Feb 2022
Auctus on Friday - 18/02/2022
Molecular Energies PLC (MEN:LON), 7.0 | Shell Plc (SHEL:LON), 2,901 | Caspian Sunrise PLC (CASP:LON), 3.4 | PetroTal Corp. (TAL:TSE), 0 | Repsol SA (REP:MCE), 0 | ROCKEFELLER HUGHES (RHC:TSE), 0 | Royal Helium Ltd. (RHC:TSX), 0 | Tullow Oil plc (TLW:LON), 35.6 | Repsol SA (0NQG:LON), 0
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Auctus on Friday - 18/02/2022
Molecular Energies PLC (MEN:LON), 7.0 | Shell Plc (SHEL:LON), 2,901 | Caspian Sunrise PLC (CASP:LON), 3.4 | PetroTal Corp. (TAL:TSE), 0 | Repsol SA (REP:MCE), 0 | ROCKEFELLER HUGHES (RHC:TSE), 0 | Royal Helium Ltd. (RHC:TSX), 0 | Tullow Oil plc (TLW:LON), 35.6 | Repsol SA (0NQG:LON), 0
- Published:
18 Feb 2022 -
Author:
Stephane Foucaud -
Pages:
6
AUCTUS PUBLICATIONS
________________________________________
PetroTal (PTAL LN/TAL CN)C: Target price increased from £0.55to £0.70 per share: Very material reserves increase – YE21 1P, 2P and 3P reserves were ~37 mmbbl, 78 mmbbl and147 mmbbl respectively. This represents increases of 68%, 53% and 39% respectively, compared to YE20. The uplift reflects (1) an increase of the original oil in place (1P: +5%, 2P: +7%, 3P: +7%) and (2) an increase in the recovery factors of 18% (from 11%), 22% (from ....