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PetroTal Corp

CBOE:TALLive AI agent

PetroTal Corp.

Investor website: https://petrotalcorp.com/

About

PetroTal Corp. is committed to fostering economic, social, and environmental strength in Peru. The company collaborates with local communities and organizations to create new business opportunities and promote sustainable growth. PetroTal emphasizes a socio-environmental approach that attracts foreign investment while ensuring the protection of local biodiversity and community welfare.

Verified company data

Cash position
74,459
Shares outstanding
671074324
Mineral resource
Block 107 is a prospect ready area that is ready to be drilled. With a strategy to safely and sustainability explore oil production in Peru, Osheki is filled with potential for PetroTal and the country of Peru. Here are more facts about Block 107: - Osheki Structure is a sub-thrust play similar to Cusiana complex in the Llanos Foothills of Colombia - Mean Estimate Unrisked prospective resources of 534 MMBO - 2-D seismic completed with drilling permits approved - De-risked with new 3D Geologic Model supporting Cretaceous reservoirs with oil charge from high quality Permian source rocks.
Projects
["PetroTal's flagship asset is its 100% working interest in Bretana oil field in Peru’s Block 95 where oil production was initiated in June 2018, and in early 2020 became the second largest crude oil producer in Peru with more than 10,000 bopd of production. The Bretana oil field reached new record quarterly production of approximately 9,688 bopd and sales of 9,937 bopd during the first quarter of 2020. The BN 95-6H horizontal well came online on April 10, 2020 and is currently producing approximately 5,750 barrels of oil per day. The 5H well completed on time and came in approximately 20% less than the original budget. The 6H well was drilled to the west of 5H, slightly downdip of the crest of the structure, at a similar depth to the 4H. The well cost was approximately $12.5 million, under budget by approximately $0.15 million."]
Leadership
Mark McComiskey (Chairman of the Board, Partner at AVAIO Capital with extensive experience in private equity and board positions across various companies.), Manolo Pablo Zúñiga-Pflücker (President and Chief Executive Officer, Petroleum engineer with 30 years of experience, founder of BPZ, and has led significant oil and gas projects in Peru.), Denisse Abudinen Butto (Non-Executive Director, Over 16 years in the energy industry, previously CEO of ENAP Sipetrol and VP at Methanex.), Felipe Arbelaez Hoyo (Non-Executive Director, Over 20 years in oil & gas, currently leading BP’s Global Hydrogen and Carbon Energy business.), Eleanor Barker (Non-Executive Director, President of Barker Oil Strategies with over 30 years as an Oil and Gas Investment Analyst.), Jon Harris (Non-Executive Director, CEO of Gulf Keystone Petroleum with over 30 years in the oil and gas industry.), Emily Morris (Non-Executive Director, Over 20 years in energy capital markets and M&A, currently a private corporate finance consultant.), Gavin Wilson (Non-Executive Director, Investment Manager for Meridian Group with a background in investment banking and energy funds.)

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