The Lemon Fool

Offtake still averaging over 10,000 bopd. Well done PTAL, keep it flowing. Well 6H news should be in the next 7 to 14 days.

Lets hope is another gusher.




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Still averaging over 10K bopd offtake.

All being well with 6H, PTAL moves to 15K bopd offtake from mid April.



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shouldn't HUR be on that list ?

Proselenes wrote:

I took it from Twitter, the person who did it did not add HUR.

Well done PTAL, kept 10K bopd average for March. Excellent.




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It would be a good idea if shareholders let Douglas Urch, the CFO, know that in this day and age its not acceptable that only the CEO holds real PTAL shares.

The other directors do not own any real PTAL shares. I think everyone should write to him expressing that we want to see each and every director purchases some shares in the company once the Q4 results are out of the way on 30th of April and there is no closed period.

They should all have skin the game, not just Manolo on his own.

E-mail : durch@petrotal-corp.com


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(from https://twitter.com/Flossan_/status/1245657176724529152)

https://www.bnamericas.com/en/news/petr ... tion-plans

PetroTal pressing ahead with Peru exploration plans
Bnamericas

Published: Tuesday, April 14, 2020


PetroTal subsidiary Petrolifera Petroleum del Perú has approached environmental authorities to advance the build-out of onshore block 107 in the Ucayali basin, Pasco region.

Information from the ..................

Kite Lake been buying PTAL

https://www.investegate.co.uk/petrotal-corp---ptal-/rns/tr-1--notification-of-major-holdings/202004231652067064K/


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Nice little write up. (PTAL is dual listed.... London:PTAL Canada:TAL

https://seekingalpha.com/article/433945 ... 4-dividend

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Couple of Tweets from Greg Smith.


Greg Smith @ATM_to_my_kids

#PTAL #TAL solid production and the only company producing in the basin. Cash flow at critical points in time are key. Should be seen as one of the best operating teams in LatAm. This company will be stronger on the other side because of NO DEBT which was a goal from Day 1!


Greg Smith @ATM_to_my_kids
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They should be an acquisition target even with a huge premium. Building cash and paying down working capital over the next few months! With several good low risk wells to drill by a solid team IN COUNTRY!

Nice drone video of the Petrotal facilities at Bretana.


https://www.youtube.com/watch?v=-UcFVLkafQU


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Oil Man Jim........

Is that promotional blog to push various long and short positions......... ????

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30 April 2020 | 10:10am
StockMarketWire.com - Peel Hunt today reaffirms its buy investment rating on [LON:PTAL] and cut its price target to 40p (from 51p).

Story provided by StockMarketWire.com

Broker Forecasts data provided by sharesmagazine.co.uk

PTAL announcing that they are shutting in and going into hibernation mode. I would guess shut in for PTAL for maybe 6 months....... no debt to service so only ongoing costs will be G&A until oil prices recover and they restart ops when demand is back.

Looks like Peru is flooded with oil from the article below.

https://www.argusmedia.com/en/news/2103 ... c-capacity

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https://larepublica.pe/economia/2020/07 ... -de-julio/

Looks like confirmation that production to restart in next week or two. Hopefully a positive effect on the share price.

Malcy on PetroTal today:

Https://www.share-talk.com/malcys-blog- ... #gs.ag59cx

'With the equity issue raising $18m PetroTal has taken all the necessary efforts to restructure the business and is now on a very solid footing to resume its growth pattern and I remain very positive for this very well managed company.'

PetroTal announces restart of production at Bretana oil field

Initial production rates of over 12,000 bopd

Calgary and Houston - July 27, 2020-PetroTal Corp. ("PetroTal" or the "Company") (TSX--V: TAL and AIM: PTAL) is pleased to provide an update on operations at the Bretana oil field which, as previously indicated, recommenced in mid-July.

Highlights

-- PetroTal has implemented stringent testing measures and modified operating procedures to ensure the safety of its workers;

-- The Bretana field restarted operations on July 15(th) , 2020 and production has returned to pre-shutdown levels of 11,500 barrels of oil per day ("bopd") , exceeding 12,000 bopd when all seven wells are online;

-- Oil deliveries have commenced to the Iquitos refinery and deliveries to the Northern Oil Pipeline ("ONP") at the Saramuro Pump Station are expected to commence in early August 2020; and,

-- Q2 2020 production was approximately 4,180 bopd. Taking into account the field was shut-in since early May 2020, average Q2 2020 production for the period the oil field was producing represented approximately 11,500 bopd.

AFRICATECH
AUGUST 1, 2020 / 11:37 PM / UPDATED 8 HOURS AGO
Petroperu resumes pipeline operations after coronavirus-related halt
LIMA, Aug 1 (Reuters) - Peruvian state energy firm Petroperú has restarted its pipeline operation “under strict security protocols” after it was halted in late April as a preventive measure against the coronavirus epidemic, the company said in a statement on Saturday.