Petrotal Share Discussion Threads

[sleveen] 26/8/2021 09:27

xx


1XD is the legacy well from previous company.

[thommie] 26/8/2021 09:11

Can someone take notes, Im not able to join the webcast. thx!

[xxnjr] 26/8/2021 09:04

sleveen - was that BN-1?
I'm just looking at the "well lookback" graphic on slide 11

[sleveen] 26/8/2021 08:56

xxnjr

Have you counted the legacy well that was reactivated?

[xxnjr] 26/8/2021 08:29

Minor delays in the overall scheme of things but operating in the upper reaches of the Amazon Jungle was never going to be easy. Covid has been a massive curved ball for Peru resulting in an even more challenging operating environment. Overall Petrotal have coped pretty well under the circumstances. Utilising the Brazil export option has been a bit of a life saver. The main thing is we are back to drilling wells which ultimately should result in higher production and more cash. A better understanding of field potential from recent producers plus insights from coring the water disposal well may support further reserves growth. Some muddled messaging on 8H (unless 7D was the 8th producer? - edit 7D was the 8th well as there is also one called BN-1) completion in the release but overall it seems pretty positive.

Latest Pres:-

[sleveen] 26/8/2021 08:10

john

I think today's mountain of cash news outweighs the finer nuances of Peruvian politics :-)

[sleveen] 26/8/2021 08:07

Can't get a buy quote for even 10k shares have to go to MMs. (offered 14.75p to sell 10k shares)

Bodes well.

[eringael] 26/8/2021 08:07

Well can't buy any at the minute but sell lots

[sleveen] 26/8/2021 07:57

Flood of money coming in at the start of Q3 following 8h completion.

From $90m to $140m cash flow from ops. Fantastic.

$36 netback: better than I expected.

With these figures is a reduction of 1k b/d ISN'T a major issue.

Roll on 2022 for a Tsunami of cash.

[gutterhead] 26/8/2021 07:55

Cash generation very good. Markets should like that but I gave up second guessing decades ago

[jeanesy] 26/8/2021 07:38

mostly good. But markets tend to pick up on the negatives.

The 2021 average production range is now guided at 10,000 to 11,000 bopd (from 11,000 - 12,000 bopd). Exit December 2021 production has been slightly revised down to 17,000 - 18,000 bopd (from 18,000 - 19,000 bopd), as the impact of the BN-10H well won't be incorporated until early next year;

[eringael] 26/8/2021 07:23

Don't get me wrong I am very happy just wondering how 'the market' will react

[jp2011] 26/8/2021 07:16

Delays were mentioned in the last webcast but well 8 is completed and well 9 goes ahead in sept/Oct and these are providing production uplift.

[eringael] 26/8/2021 07:05

Good results to bed with production guidance being down slightly for H2 and year end but should catch up in 2022, will the market focus on the one negative or many many positives

[thommie] 25/8/2021 19:56

re production figures again as posted sometime ago an Email response from ptal IR about this question:

Dear XXX,

Thank you for your question regarding production. As you may know we have various field volume monitoring equipment we use to track exactly how much production is produced from the wells on a daily basis. This is the data we use in our public reporting and shareholder communication. The production data you have referenced from PerúPetro is based on their testing procedures and frequencies at a different location once the oil is fiscalized. PerúPetro tests production data in batches which may not, on a short term basis, match with what is produced in the field for a given time period. Over a long term period, say a year, the production data from the two sources should converge. Note that we do not have any control over the frequency and accuracy of Petroperú measurement and testing procedures.


Regards,

[johnhemming] 25/8/2021 16:04

I am currently using these charts are a proxy for global perception of Peruvian investments:
USD vs SOL

NASDAQ Peru


If anyone has better suggestions that would be interesting.

[sleveen] 25/8/2021 15:37

Now 6 v 1 on offer (14.5 v 15.25p)

[jp2011] 25/8/2021 15:27

A bit like the early days of the Tony Blair government but they quickly got rid of the socialists.

[eringael] 25/8/2021 14:52

Added a few 7000 @ 14.9 earlier, should be trading much higher

[sleveen] 25/8/2021 14:41

5 bid v 1 offer (14.5 v 15p), whereas at 8am it was 1 on the bid and 5 on the offer (14 v 14.5p.

Buyers returning.

[sleveen] 25/8/2021 09:03

xxnjr is correct.

Figures are oil delivered NOT oil produced.

[xxnjr] 25/8/2021 08:54

And the oil being pumped into barges is coming from oil storage tanks. So not a perfect indicator of production.