PetroTal Corp (TSE:TAL) has released an update.
PetroTal Corp. reported an average Q2 2024 oil production of 18,290 barrels per day, hitting over 20 million barrels since inception and ending June with $96 million in cash. The company’s 20th oil well, 19H, achieved impressive initial production rates and is expected to pay back its investment in less than two months. Additionally, PetroTal has initiated a significant social investment program including internet access, scholarships, and clean energy solutions for local communities.
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