Petrotal Share Discussion Threads

[croasdalelfc] 28/3/2021 14:09

Not me but a guy I know on Twitter - I've seen the emails - NN they are very open if you email them-

[doughcyclone] 28/3/2021 13:10

8975 bopd last 11 days. I don’t know, I would’ve imagined numbers to be even higher if 4H was already up and running.

[11_percent] 28/3/2021 10:37

"source: investor relations"

=============

Croas,

Did you just email them.

Cheers.

[croasdalelfc] 28/3/2021 09:15

For clarity the workover on 4H is complete and next well about to spud : Q1 operational update is also due probably last next week or early the following week : source : investor relations

[croasdalelfc] 28/3/2021 09:12

News article from twitter : The Frontera Energy company announced this Thursday that the completion of the environmental remediation works in Block 192, which it was in charge of for 5 and a half years, will take three more months

[croasdalelfc] 28/3/2021 09:00

Block 192 new contract is delayed until Frontera work out the remediation legacy issues with Petroperu - also going forward they need to redesign how they will look at ESG and decomm on the block https://www.bnamericas.com/en/news/will-legacy-issues-curb-plans-for-peru-oil-block-192

[thommie] 27/3/2021 20:47

Thx for sharing croas! I was hoping he will say sth about the ongoing workover at bretana of the pump failure as I recently got the impression that the recorded production seemed to have been trending a bit upwards.the netback on the brazil route seem to have worse netbacks than the onp route by 2,5$\bbl. I hoped for better conditions. on the other hand they dont have costs for factoring and no price risk.they plan to hedge some production in the next weeks to protect their cash flow. nothing new, Im more wondering they didnt do it yet as they announced to do so directly after the bond raise. but doesnt seem to be a problem for me if they wait to do so as I think oil price will go up over the next years.he was much more cautious about an aquisition compared to the last interviews. he said petroperu took over lot 192 now and more of speaks about concentrating on their own exploration programm at lot 107 at the constitucion prospect. makes me think that they had hoped for buying lot 192 which didnt work out.I dont care about that as well as I think it's better to concentrate on the development of the bretana field as it offers so much upside potential.

[wanobi] 27/3/2021 14:32

many thanx for sharing the mp4 Cdlfc,,, any chance you can get hold of the TXP one also?? cheeky to ask I know (I am invested in TXP, PTAL, JSE and recently UOG) and happy for you to say no,,,,, no problem at all,,,, cheers Wan :-)

[croasdalelfc] 27/3/2021 14:17

New ppt to go with the Pareto presentation - lots of detail. 2nd Brazil delivery 225k barrels

[croasdalelfc] 27/3/2021 14:12

Confident presentation at the recent Pareto securities conference - lots to get your teeth into here https://drive.google.com/file/d/1Zq3e3MTC2jr402tYEfqSmu2dMSKlBY5u/view

[jbravo2] 25/3/2021 20:17

I think we’ve done pretty well.
We haven’t dropped much from where we were with oil around $70. A bit of weakness while oil decides what it’s going to do is to be expected.

[jailbird] 25/3/2021 19:27

If you at yesterday's trades , there what appears to be some 2.5m+ buys and yet the prices drops today on alot less Anyone have a guess what is going on here , I was thinking holder selling from last year's placing

[pec2004] 25/3/2021 16:57

Very resilient given the fall in oil and the sells. Imho something is going on behind the scenes.

[jailbird] 24/3/2021 16:25

Strange action of L2Decent buys around of late , but single sell can knock a MM off the bid.Seems to overhang of stock around Liquid on both sides

[sturm2] 24/3/2021 16:19

A bit more action in Canada. A bit above average and higher than yesterday.

I wonder what kind of dividend we might have in 2024, if Brent stays above 60.

FCF should be 260-300 million USD (and that's after the bond!) - and the market cap is 200 mio USD... There will be some dilution from warrants but 0.1 CAD should be just 90 mio USD - more than enough to make me happy. Oh well. Patience is needed. A lot of it.

[pec2004] 24/3/2021 10:35

Strange volume yesterday and then nothing bar one small trade today which is odd.

[sturm2] 22/3/2021 17:04

Must be getting close to the next well spud. They used to RNS those - I wonder if they will do the same in 2021. Also wondering if the pump replacement will justify RNS or we simply have to monitor the production numbers. I wouldn't be surprised if that (higher production with new pump) will be visible in the next week.

[11_percent] 19/3/2021 09:55

My thoughts exactly.

[pec2004] 18/3/2021 16:02

Surprisingly steady given the oil price fall and some chunky buys going through.

[johnhemming] 15/3/2021 07:05

I prefer management to be cautious and avoid risks that are dangerous to the down side (those which could result in needing to do a placing) even if that reduces the up side.

A good example of cautious management is DGOC who hedge all of their financing for years down the track. They have suffered an IFRS non-cash loss because of a reduction in the values of their future hedges, but it is still the right business strategy.

Personally I don't like the idea of marking to market all the time for commercial operations. Cash is king.

[thommie] 14/3/2021 18:43

though bad timing in hindsight, would have been better to do the pilot at 70$ and put the 200 000 bbls into the onp instead. but you cant have everything :)

[thommie] 14/3/2021 18:36

page 15 in the presentation sturm :)

[sturm2] 13/3/2021 17:25

Really? I can only find this in the presentation: "Optimizing from first pilot, second contracted export pilot of 200k bbls has been carried out in February 2021, with an expected netback of $31/bbl at $61/bbl Brent"

While skimming the report again I realized I'd forgotten about the scale of this: "Petroperu true-up revenue @70 = 47 mio USD". That's basically half the bond. Just silly amounts of cash :D I mean.... 1/5 of the market cap just waiting in ONP to be sold. Just crazy.

If PTAL realise 47 million I begin to wonder if they'll just call the bond when they can (was it 1½ years?). Especially since the warrants also add 20-25 million (or something, that's just from memory).

[thommie] 13/3/2021 13:50

they sold the brazil export for 53$ brent in early february. open your eyes, it's in the presentation :)

[mount teide] 13/3/2021 13:44

S&P 500 - Sector Performance 2021

+ 5.1% - S&P 500 Index

+40.1% - Energy
+17.5% - Financials

+8.9% - Industrials
+8.1% - Materials
+7.9% - Communications
+6.3% - Real Estate
+2.1% - Consumer Discretionary
+0.6% - Healthcare
+0.6% - Technology

-1.3% - Utilities
-3.0% - Consumer Staples

Highlighting well the hugely long term counter cyclical nature of the energy and commodity markets, Energy predictably has been the worst performing S&P 500 sector over 3yr, 5yr and 10yr periods.


--------------------------------------------------------------------

Within the Energy Sector: +40.1%

+48.3% - O&G E&P
+37.5% - O&G Refining & Marketing
+27.0% - O&G Equipment and Services
+23.2% - O&G Storage and Transportation

-0.6% - O&G Drilling/Services