Petrotal Share Discussion Threads

[johnhemming] 25/9/2021 08:41

I would say that the protest was real, but it was more a message to the government rather than anything else.

As I see it they are not saying that the company should not trade. They are arguing that benefits of the trading should be felt locally.

[doughcyclone] 25/9/2021 06:34

New off take numbers out. Good to see that alleged protest having no effect on them. 14300 bopd last 16 days.

[buffythebuffoon] 23/9/2021 08:41

As long as the legal certainty and guarantees that investors need don’t include punitive levels of taxation and compliance regulations!

Buffy

[johnhemming] 23/9/2021 08:19

"The American Chamber of Commerce of Peru (AmCham Peru) Executive Director Aldo R. Defilippi affirmed that entrepreneurs will be willing to invest in Peru as long as the country provides clear and stable rules of the game.

In this sense, Defilippi welcomed the statements made by the President of the Republic Pedro Castillo in Washington D.C. last Monday, affirming that his Government provides the legal certainty and guarantees that investors need."

Not exactly rocket science, but it is good to see this being recognised.

[thommie] 22/9/2021 14:50

production till 20.9. Ave of 10 106 bopd. last 5 days 13 300 bopd.maybe they will delay the start of 9H drilling due to the protesters on their front door?

[thommie] 22/9/2021 13:38

they only wanna speak to president castillo to get heard on their social demands. It's their only chance to threat sth like ptals business to make him come to meet them. Lets hope it stays peaceful this time and they learned sth. last time they protested in front of bretana 3 or 4 protesters got killed by the police. the police seems to be on site already protecting bretana. 7-8 officersare standing in front of the wall.

[bradvert] 21/9/2021 21:37

Tal price running ahead of Ptal again, closing at 37 cents, about 6 percent higher than the London close..

[sunbed44] 21/9/2021 17:33

OPEC Secretary General yesterday at the World gastech event'The world will continue to consume energy. In our forecast to 2045, we project that demand for energy will grow by 28%, and oil (28%) and gas (25-26%) will remain the dominant source of energy in the global energy basket to 2045.'

[johnhemming] 20/9/2021 20:02

"RIO DE JANEIRO, BRAZIL - The President of Peru, Pedro Castillo, invited this Monday investors and companies to bet on his country and rejected the idea that his government intends to scare away the entry of capital: "We are not communists, we have not come to expropriate anyone, we have not come to scare away investments", he said.

This is what Castillo said while speaking at a virtual protocol session of the Permanent Council of the Organization of American States (OAS) convened on the occasion of the Peruvian President's first visit."

[bradvert] 19/9/2021 14:29

A Government Minister met with community groups in the Loreto region last week.It was announced there that Petrotal has donated a large motorised boat to the community, and community leaders have pledged there will be no further disruption to the pipeline. I can't pretend to understand the politics involved here, but it might be that the next couple of years are quieter than they might have been if Fujimori had won?  https://andina.pe/agencia/noticia-minem-viabiliza-inversion-social-para-comunidades-saramurillo-y-san-jose-saramuro-862182.aspx

[thommie] 17/9/2021 22:00

pruduction numbers till 15th out. ave of ca 9000 bopd for september. nearly 14 000 bopd ave in the last 8 days of production.thx for the info spangle! so 4m more is good but not life changing :)I wonder if the water capacity is now up to full speed? they didnt say anything about it in the rns but before announced it will be finished in september.

[zeusfurla] 17/9/2021 11:38

I wonder if Winterfloods or Cantors may be accumulating stock for someone at 20p? Seems to be reasonable support at this level today.

[spangle93] 16/9/2021 21:16

"Log and MDT data suggest an OWC at approximately 2,609 m TVDSS."

Top reservoir in the absolute crest of the field is around 2575m TVD, so oil leg is around 35m max (NTG 78%)

The -8H location "peak" was mapped between 2585 and 2580m TVDSS, i.e. the southern crest has less height/relief.

[thommie] 16/9/2021 19:35

how thick was the oil column in bretana before?

[jp2011] 16/9/2021 08:55

Nice rise today, suspect there was a large seller yesterday c4m shares which held back share price

[thommie] 16/9/2021 08:29

btw does anyone know what effects the 9H drilling changes (bigger diameter) will have on drilling speed and finally flush production/decline rates of the well? (I guess the necessary changes made the time lag from completion of 8H at 4.9. to planned start of 9H at 22.9.. usually they would have started drilling the next well 1-2 days after completion) not that I know anything, but I always remember what someone else posted on an oiler board in the past. he was saying 'good fields tend to get bigger and bigger' I was always hoping that this is the case here, as I thought it cant only be due to operational expertise of ptal that every single well drilled to day outperforms their expections.... we got many hints in this direction from the company through the results of the last 3 wells this year. but the big game changer wont be the uplift of the ooip number, it will be that even in the 3P case their recovery factor assumptions are super conservative (manolo more than often said that, comparing it to similar plays around them with recovery factors more than 2 times their assumptions).we will finally see what covid stopped last spring when we already were at 13300 bopd peak production when as a result of covid with low OP and social unrest related to health issues, etc through covid and derivative liability made them stop everything. this time ptal has enough capital to just go on with field development. and tbh... the social unrest (leading to very long onp shut downs last year, which stopped the oil from arriving at bayovar so it couldnt get sold at low OP) saved ptal in the end! so not everything about it was negative for us...

[thommie] 16/9/2021 08:12

if not it would be a big mistake :))

[spangle93] 16/9/2021 08:08

Croasdale - Are they reading my posts? ;-)

[croasdalelfc] 16/9/2021 08:07

One of the reports says results of 8H implies additional oil in place : the 3P case gets better and better

[johnhemming] 16/9/2021 06:52

Auctus have a report out. TP65. Otherwise nothing much in addition to what is on this thread.

[zeusfurla] 15/9/2021 18:48

King Suarez

Agree - I was trying not to get too carried away but can see 30p in the next month or 2. Relations with local people have improved, politics is settling and the business is delivering increased output as well as heading towards reducing debt levels at a speedy rate. We have a Plan B for output and some future development options to choose from even if there is no acquisition. Oil futures are holding up too. This is a good time to get on board or increase holdings.

[king suarez] 15/9/2021 18:24

Re: 'a bit further to go' I am expecting 50p+ sometime in the next 12 months given the production, cash flow and profits on offer here, unless oil price tanks!

[zeusfurla] 15/9/2021 18:15

There has been strength on the offer for a few weeks now and still there at close. I suspect we have a bit further to go.