Petro Tal Corp (TSE:TAL) has released an update.
PetroTal Corp. has strategically expanded its operations in Peru with the acquisition of Block 131, which includes the Los Angeles field, for approximately $5 million. The deal, effective January 1, 2024, adds 900 barrels of oil per day to PetroTal’s production and holds an estimated 3.0 to 4.9 million barrels of recoverable reserves. This acquisition is set to enhance the company’s current production and offers potential for further development, especially from deeper zones within the field.
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