Petro Tal Corp (TSE:TAL) has released an update.
PetroTal Corp has made a significant move by acquiring 100% working interest in Peru’s Block 131 for $5.0 million, promising to add 900 bopd to its current production, with reserves estimated between 3.0 and 4.9 million barrels. This strategic acquisition from CEPSA Peru enhances the company’s production capabilities and offers potential for future development, especially considering the connection to Block 107. The deal also aims to improve sales capacity and netbacks through synergies with the nearby Iquitos Refinery.
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