Petrotal Share Discussion Threads

[gutterhead] 06/2/2024 08:58

Looks like top up territory atm

[gutterhead] 06/2/2024 08:57

Looks like top up territory atm

[tag57] 04/2/2024 19:07

Just above Q1 target of 18500 so nice start to the year

[johnroger] 04/2/2024 18:17

January production figures updated
average 18,959 boed

[beyond_black] 24/1/2024 23:14

Call for a waaaambulance

[pughman] 23/1/2024 16:16

The erosion cost issue for 24/25 has irked investors. The dividend/buyback is funded at an oil price of $62.

[sportbilly1976] 23/1/2024 14:56

sitting on the rising support line now.

Whether the capex has been flagged for over 6 months or not, the presentation clearly hasn't inspired confidence in II holders given the almost consistent selling since

[bradvert] 22/1/2024 18:43

The $135m Capex for 2024 has been included in every monthly presentation since at least June 2023.We've all seen what can happen when expenditure is skimped on (jse) so a responsible attitude to assets with a life in decades is refreshing.You may be an owner of PTAL as you say, but you're clearly not a very careful or observant one!

[spangle93] 22/1/2024 18:09

Good update - just a shame that nothing seems to be moving forward with Block 107. No cash flow allocated this year for any activity, and relegated to a slide at the back of the appendix

[husted] 22/1/2024 14:24

The barges are used for storage during the dry season and they are taking on more of them. 1.6million barrels of barge storage is nearly 3 months of production (at 20kbpd).
So of course transportation costs are significant and have increased so they can get more oil to market.

[ashkv] 22/1/2024 12:47

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%

[bubloo] 22/1/2024 10:49

I meant one

[gutterhead] 22/1/2024 09:46

Needs to have a sustained period of undisrupted revenue flow to give confidence and go beyond 50p.

[bubloo] 22/1/2024 08:14

12 percent dividend, possible extra sweep payments, capital appreciation, if one becomes operational imagine where the price would be. 12 million buy back would help share price also I expect

[qs99] 22/1/2024 08:10

Where else can you get a plc saying it intends paying a 12% yield?! DYOR....v. decent update with business continuing to be built out....DYOR

[bubloo] 22/1/2024 07:48

12 percent dividend, possible extra sweep payments, capital appreciation, if one becomes operational imagine where the price would be. 12 million buy back would help share price also I expect

[bubloo] 22/1/2024 07:46

ptal will easily beat forecasts. if river levels are any better this year expect 21000 barrels per year.

[pughman] 22/1/2024 07:30

ashkv, I sleep a lot easier as a Ptal shareholder than a JSE one.

[ashkv] 22/1/2024 07:26

Wow extremely disappointed in PTAL Guidance for 2024

Massive dodgy community erosion costs and projects (In addition to 2.5% community fund), massive costs for options, huge transport and lifting costs, massive capex to stand still - doesn't pass the sniff test....

Buybacks and dividend flat!!!

[sandoval] 17/1/2024 14:42

March afaik

[11_percent] 17/1/2024 14:34

Hi guys.....when is the next divi expected.

[briggs1209] 13/1/2024 05:59

I bought another big chunk this week, I continue to be surprised that this is not motoring ahead. At some point the penny will drop, until then roll on the divi's

[thommie] 11/1/2024 18:42

Jeah, overall ptal turned into the cash producing machine now, even under suboptimal environmental problems like low water lvls. The negative was that the pilot shipment to ecuador was planned to happen in december, but it looks like it didnt work out as anticipated and it is now expected mid 2024. Anyway, nothing to worry about. Brazil shipment should be able to carry the whole production, especially with another addition to the barging capacity. Before they said the barging fleet would enable them to produce 20 000 bopd, so it should be more now. Maybe we will even see around 25 000 bopd in q1. With the new well coming online now.