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PetroTal Corp ( (TSE:TAL) ) has provided an update.
PetroTal Corp reported a strong operational and financial performance for Q4 2024, with corporate production averaging 19,150 barrels of oil per day, including contributions from the newly acquired Block 131. The Bretana field showed a significant year-over-year production increase, exceeding guidance. The company maintains a healthy liquidity position with $115 million in cash and completed several strategic agreements in Peru’s Ucayali Basin, extending exploration periods and securing technical evaluation agreements for further growth. These developments position PetroTal well for continued success and stakeholder value in 2025.
More about PetroTal Corp
PetroTal Corp is a publicly traded oil and gas development and production company based in Calgary, Alberta. It focuses on developing oil assets in Peru, with its flagship asset being a 100% working interest in the Bretana oil field in Block 95, Peru. PetroTal has become the largest crude oil producer in Peru since 2022 and is committed to community-sensitive energy production.
YTD Price Performance: 6.67%
Average Trading Volume: 684,934
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$574.8M
Learn more about TAL stock on TipRanks’ Stock Analysis page.
