PetroTal (PTAL LN/TAL CN)C; Target: £0.45: Initiating coverage – PetroTal is a production and reserve growth story in Peru with a market cap of ~£90 mm. Management’s experience of operating in the jungle and their deep in country relationships are key. Project execution has been excellent. The Bretaña field (48 mmbbl 2P reserves) was acquired from Gran Tierra in late 2017 with production of 1 mbbl/d achieved in 3Q18. By YE19 that figure had grown to >13 mbbl/d. While COVID-19 forced a shut down ....
26 Jun 2020
Auctus on Friday - 26/06/2020
SDX Energy PLC (SDX:LON), 3.8 | PetroTal Corp. (PTAL:LON), 46.5 | Parex Resources Inc. (PXT:TSE), 0 | Savannah Energy Plc (SAVE:LON), 26.4 | Shell Plc (SHEL:LON), 2,867 | FAR Ltd (FAR:ASX), 0 | Serinus Energy plc (SENX:LON), 2.9
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Auctus on Friday - 26/06/2020
SDX Energy PLC (SDX:LON), 3.8 | PetroTal Corp. (PTAL:LON), 46.5 | Parex Resources Inc. (PXT:TSE), 0 | Savannah Energy Plc (SAVE:LON), 26.4 | Shell Plc (SHEL:LON), 2,867 | FAR Ltd (FAR:ASX), 0 | Serinus Energy plc (SENX:LON), 2.9
- Published:
26 Jun 2020 -
Author:
Stephane Foucaud -
Pages:
6
PetroTal (PTAL LN/TAL CN)C; Target: £0.45: Initiating coverage – PetroTal is a production and reserve growth story in Peru with a market cap of ~£90 mm. Management’s experience of operating in the jungle and their deep in country relationships are key. Project execution has been excellent. The Bretaña field (48 mmbbl 2P reserves) was acquired from Gran Tierra in late 2017 with production of 1 mbbl/d achieved in 3Q18. By YE19 that figure had grown to >13 mbbl/d. While COVID-19 forced a shut down ....