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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Petrotal Corporation | PTAL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.05 | 0.13% | 37.80 | 16:35:09 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 38.25 | 37.50 | 38.25 | 37.80 | 37.75 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 20/11/2024 | Interim | USD | 0.015 | 29/11/2024 | 29/11/2024 | 13/12/2024 |
| 12/08/2024 | Interim | USD | 0.015 | 30/08/2024 | 30/08/2024 | 13/09/2024 |
| 14/02/2024 | Final | USD | 0.02 | 28/02/2024 | 29/02/2024 | 15/03/2024 |
| 13/11/2023 | Interim | USD | 0.02 | 29/11/2023 | 30/11/2023 | 15/12/2023 |
| 08/08/2023 | Interim | USD | 0.025 | 30/08/2023 | 31/08/2023 | 15/09/2023 |
| 30/03/2023 | Interim | USD | 0.015 | 30/05/2023 | 31/05/2023 | 15/06/2023 |
| Top Posts |
|---|
Posted at 15/1/2025 15:51 by mount teide Hi eringael/RA - hope both you and you're investments are doing well and, like me you're enjoying PTAL's recent return to what is still a very good share-price entry point for a new 2-3 year investment in the company.Sold half my original holdings in PTAL and TXP for reasons posted at the time. PTAL(Local Community Unrest Threat) and TXP(Poor execution of the monetisation of the discoveries by the management). Re-purchased the PTAL shares I'd sold after the disruption threat declined a few years ago - currently hold 1.0m. Only post infrequently nowadays on PTAL, TXP and a number of other Advfn threads where i have a shareholding, as they either attract mostly little or low interest from others(the three shipping industry shareholdings and PTAL spring to mind), or too many day traders posting inane nonsense crafted to suit their latest trade(happened repeatedly at TXP where I still hold 1.2m - sold the other half at circa 80.0p). |
Posted at 08/1/2025 14:01 by arlington chetwynd talbott Try some comparative TXP and PTAL charts. They look even worse (for you) if you factor in the PTAL dividend. |
Posted at 31/12/2024 11:29 by tag57 Cerrito. I don't think anyone can forecast oil prices next month, never mind for the whole of next year. I personally think a lot depends on how the Permian basin performs and whether it sees any oil growth in 2025. Several Oil execs of the large US oil companies have come out and stated their production plans for 2025 is just to maintain, while for once OPEC+ paper to be holding the line on supply volumes.Certainly looks like a very interesting year ahead when it comes to oil prices! I am here for the dividend (and hopefully some capital appreciation), as I assume most PIs invested here are. At a free cash flow of $17m, net of the erosion costs, this should cover the divi going forward, but the management appear to have done the sensible thing and built cash reserves this year so should go into 2025 with a very healthy cash balance. I am already over my allocation limit here so will only reinvest my dividends going forward but expect a bounce back in share price once some confidence returns to the energy market. |
Posted at 31/12/2024 11:07 by thommie Someone mentioned that free cash flow at current oilprice with a capex heavy year 2025 due to addional errosion costs and around 60m$ dividend payments per year doesnt leave enough headroom for more buybacks. With over 100m$ in cash one could say there is still enough room to buyback more. So my guess is another aquisition is about to be announced soon.... Btw anyone knows how much ptal paid for block 131 in the end? It was backdated to 1/1/2024 but no mention of any adjustments to the asset price of 5m$ in the closing rns of that aquisition! |
Posted at 27/12/2024 19:45 by tag57 Link to Oak Bloke Substack review. Good reminder of the positives of Ptal in the face of the recent significant drop in share price hxxps://open.substac |
Posted at 19/12/2024 02:46 by briggs1209 Production looks great at year end - although they still can't overcome the low seasonal water levels.Plenty of cash on balance sheet but $60 million on erosion control over the next 18 months is not pretty - what if this turns to 80? 90? I'm factoring in four 1p dividends (after tax) which gives a yield of 13% at 30p. When a yield goes hits the 10 to 15% range something normally gives - either the dividend gets cut or the stock snaps back. Recent falls are harsh, which again will spook investors. However, if production and dividend both hold, then by end of 2026, you will have 8p back in dividends and the erosion control should be complete. |
Posted at 16/12/2024 15:52 by nwb Can someone help on with-holding tax calculations. I hold PTAL in an ii share trading account, and a Lloyds (HSDL) ISA. ii take 15% with-holding tax from the dividends, but Lloyds take 25%. I have asked Lloyds about this, but they insist the tax is deducted before the dividend reaches them at 25%. |
Posted at 16/12/2024 14:47 by bozzy_s Righto, some more concrete information straight from the London Stock Exchange!'The record date should normally be a Friday....the associated ex date falls one business day earlier' So all normal dividends have a record date of Friday, and ex-div is the previous working day. The dividend table / template on the final page confirms that any dividends with a record date Friday 29th Nov had an ex-div date Thursday 28th. I'm not going to bang on about it - makes absolutely no difference! Just wish I'd been on the ball first thing on Thurs 28th - I was 99% sure, but not 100% certain, it was ex-div. Now I'm 100% for next time the MMs forget! |
Posted at 16/12/2024 13:11 by bozzy_s I know it's probably just a few hundred pounds per RNS, but PTAL haven't covered themselves in glory with this latest dividend announcement. The 1st RNS was correct (ex-div 28th Nov, record date 29th Nov). They then issued a 2nd RNS with the wrong ex-div date.And today they've had to issue a 3rd RNS which hasn't fully corrected the 2nd one, but just confirms the original was correct (record date 29th Nov, which means ex-div must have been 28th Nov - they could've added this for clarity). Ex-div is always a Thursday for normal dividend payments. The rare exceptions occur with returns of capital, and very very rarely for special dividends. |
Posted at 22/1/2024 12:47 by ashkv I own PTAL and not pleased with the massive increase in expenses, tremendous Capex, community payments, 4mn for IT, Recent RNS that Petrotal have hired ex-Founder to replace a salaried position on a contract basis etc...Gravy train.. bare bones for investors considering production and country risk... Alex Stahel on Twitter used to point out that massive Petrotal barge/transportation costs seems overly inflated/fishy... and here when fuel costs ARE DOWN -> TRANSPORT COSTS ARE INCREASING... Share Price : 48.00p PTAL Share Price vs 52 Week low of 34p on 20 Mar 23: 41.18% PTAL Share Price vs 52 Week High of 50.5p on 21 Nov 23 -4.95% Brent Price : $78.50 Shares Outstanding : 919,273,461 Market Cap GBP : £441,251,261 GBPUSD : 1.27 Market Cap USD : $560,389,102 Debt: $0 Cash (31 Dec 2023) : $111,000,000 Net Cash: $111,000,000 Surplus Balance 31 Dec 23: $2,000,000 Net Cash + Surplus Balance Estimate: $113,000,000 PTAL Q4 2023 Actual Average Production: 14,865 PTAL 2024 Production Guidance Mid-Point [16,500 to 17,500]: 17,000 PTAL 2023 Average Production: 14,248 Oct 2023 Production Capacity (22K Boed): 22,000 Enterprise Value (USD) : $449,389,102 Enterprise Value(USD)(Net Surplus Balance = Including Receivables) $447,389,102 EV/BARREL Q4 2023 Actual Average Production: $30,231 EV/BARREL 2024 Mid-Point Production Guidance: $26,435 EV/BARREL 2023 Average Production: $31,541 EV/BARREL (Net Surplus Balance = Inc Receivables) 2023 Mid-Point Guidance: $26,317 EV/Barrel Full Year Oct 2023 Production Capacity (22K Boed) : $20,427 Decommissioning Liabilities (FY 2022 Results): $13,393,000 Dividend Yield - Payable Quarterly (2024): 9.84% 2024 Net Payout Yield (NPY = Div + Buybacks + Tender) : 11.98% |
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