Petro Tal Corp (TSE:TAL) has released an update.
PetroTal Corp. has reported a robust first quarter in 2024, with impressive average oil sales and production, achieving a significant free funds flow of $53 million and a high net income of $47.6 million. The company also declared a dividend and completed the acquisition of Block 131, reinforcing its financial stability and commitment to shareholder returns. PetroTal’s strong performance is attributed to efficient operational management, leading to a substantial net operating income margin.
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