Petrotal Share Discussion Threads

[doughcyclone] 08/2/2021 15:13

”30-50p goal is easily obtainable”, ”we could go way beyond that”

[croasdalelfc] 08/2/2021 14:35

hxxps://www.perupetro.com.pe/wps/wcm/connect/corporativo/44df9c01-f622-425b-95b7-ab4a8f164a0d/PPT%2BEXPLO%2B192.pdf?MOD=AJPERES

see pages 5/6/7

[croasdalelfc] 08/2/2021 14:33

Block 8 does have some light oil at Pavayacu but info is limited

[thommie] 08/2/2021 14:32

mhh block 192 doesnt help as it delivers oil into the onp directly through a north south branch. but block 8 seems to deliver their oil to saramuro station 1. Im not sure about block 67, but it is more likely it delivers to a link to block 192. hTTps://images.app.goo.gl/NDij1WGKrjuNiHdv6

[croasdalelfc] 08/2/2021 14:22

Block 192 is a mix of light medium and heavy .

[thommie] 08/2/2021 14:04

thanks for sharing. Manolo as usual, super optimistic, peruvian culture :) always stay positive. tbh I dont like the idea of divesting to colombia or ecuador... just look at gran tierra in colombia... but my guess is that it is more about showing to have options against peruvian blocks... does anybody know if block 67 or 8 produce light oil? if yes it would be a synergy as they could mix it at saramuro with bretana oil to meet onp transport specifations and thus not having to buy expensive natural gas to blend it...

[croasdalelfc] 08/2/2021 13:11

Acquisition incoming - producing asset and light oil - looking at other countries https://twitter.com/petro_tal/status/1358757467988107265?s=21

[croasdalelfc] 08/2/2021 13:10

Great interview !

[mount teide] 06/2/2021 19:20

jb - it gives a weighted average for the month.

The short is now very likely underwater, as it will have been taken out in January somewhere between 12.5p-16.0p.

[johnhemming] 06/2/2021 16:52

>Who in their right mind would want to short Ptal in this trend the company and the >oil price has. Enjoy getting squeezed.
The RNS on the Bond was the info that should make a short close out their position.

[doughcyclone] 06/2/2021 14:43

Who in their right mind would want to short Ptal in this trend the company and the oil price has. Enjoy getting squeezed.

[jailbird] 06/2/2021 07:07

Is that report Monthly ?An increase in a short position but share price is up , so likely this short is already making a loss . Would that be right ?

[mount teide] 05/2/2021 22:24

Euroclear's latest Stock on Loan(short) Report published today:

0.00% - Jadestone Energy / No Change
0.22% - PetroTal / (up from 0.00%)
0.52% - Touchstone Exp / (down from 0.53%)
0.50% - Pantheon Resources / (Down from 0.58%)
0.65% - Savannah Energy / (down from 0.81%)
2.38% - Shell / (up from 2.32%)
3.04% - Enquest / (down from 3.55%)
3.76% - BP / (up from 3.47%)
5.76% - Cairn / (up from 5.36%)

[fictitious1] 05/2/2021 16:59

MT, Can I just say, I for one, appreciate your level 2 postings. Useful to know.

Ditto for other research shared by ALL.

Nice weekend all.

[spangle93] 05/2/2021 16:27

Nice end to the week!

[mount teide] 05/2/2021 16:23

L2: 1 v 1 / 16p v 16.75p (then 5 x 17p, rest at 17.5p and above)

[johnhemming] 05/2/2021 15:23

Thommie - muchas gracias.

[thommie] 05/2/2021 12:39

john here you go:

[qs99] 05/2/2021 12:15

really should be edging past 20p.....oil price holding up nicely DYOR

[mount teide] 05/2/2021 12:03

L2: 1 v 6 / 15.5p v 16.0p (then 2 x 17p)

Full offer price just paid for 65,000.

[mount teide] 05/2/2021 10:38

L2: 5 v 2 / 14.5p v 15.5p (then 6 x 16p)

Full offer price now being paid.

[mcfly79] 05/2/2021 09:37

Brent moving higher still.


This is great timing for the hedge.


As set out in the presentation:


‘Immediately upon closing of the bond financing issue, PetroTal plans to implement a hedge program for the next 12 months..’


‘Initial hedging in the order of 50% of next twelve months production’


Therefore the hedge will be put in place when the bond closes around 16 Feb. The figures in the presentation assumes Brent pricing on 6 Jan for the hedging. Brent price are now $5 higher.


They are forecasting production of over 4m barrel in the next 12 months. Therefore a hedge at $5 higher prices, on half of production, should be worth an extra $10m.


Of course, the larger upside from the figures in the presentation is on the unhedged half, where only $45 Brent is assumed.

[johnhemming] 05/2/2021 09:34

Thommie

Thanks for that. Could you please give a link to where that is?