PetroTal Corp (TSE:TAL) has released an update.
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PetroTal Corp. reports a robust third quarter in 2024 with a significant 39% increase in oil production and an 18% rise in cash reserves compared to the previous year. Despite challenging drought conditions affecting logistics, the company’s adjusted strategies have kept production above guidance and maintained a strong liquidity position. The completion of new wells and the anticipation of a return to full capacity production, along with ongoing social contributions, underscore PetroTal’s commitment to growth and community investment.
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