Share Name Share Symbol Market Type Share ISIN Share Description
Petrotal Corporation LSE:PTAL London Ordinary Share CA71677J1012 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.55 3.4% 16.75 2,161,652 15:14:10
Bid Price Offer Price High Price Low Price Open Price
16.50 17.00 16.75 16.50 16.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 7.84 -4.24 0.78 23.3 136
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:12 O 541,902 17.3155 GBX

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Petrotal Daily Update: Petrotal Corporation is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PTAL. The last closing price for Petrotal was 16.20p.
Petrotal Corporation has a 4 week average price of 14.25p and a 12 week average price of 12.75p.
The 1 year high share price is 19p while the 1 year low share price is currently 5.75p.
There are currently 814,555,701 shares in issue and the average daily traded volume is 2,085,162 shares. The market capitalisation of Petrotal Corporation is £136,438,079.92.
johnhemming: >Who agrees with me. Which is, of course, a good demonstration of how a democracy works. People don't always agree with each other as is demonstrated on this thread. In Peru people have voted for a range of different presidential candidate and there will be a run off. I remain interested in what happens and if Castillo wins (which on the information we have so far appears most likely) I am not intending to sell my holding. However, "Share prices, their values and the income from them can go down as well as up and investors may get back less than their original investment."
johnhemming: The nub of the issue is a good quality company facing political uncertainty. Anyone investing has to think it is likely that Castillo will win the election. He has actually said he wants investment and we then have the usual question of what is necessary to encourage foreign investment. One of the things that is necessary is some predictability of terms. Hence if a company agrees something with the state then there needs to be certainty that this will continue to be the situation. There is however an election going on and whoever wins (and I don't see it as a walkover for Castillo) will not take office until late July. I would expect the uncertainty to hold down the share price until there is more certainty.
johnhemming: In this case "hell" is a rerating of PTAL. I think it will happen, but a) I don't think postings on ADVFN have any substantial effect on share prices b) It won't happen until the uncertainty has dissipated. One of the issues is that whereas PIs like myself are willing to fight this sort of thing (if needs be) on an Article 1 Protocol 1 basis (I have done this before) there are people who are not interested in that and simply want the liquidity. Hence depending upon the movements towards the end game we would expect at least stalemate, quite a few players will fold. That is not something that is good for their balance sheets, nor good for the world as a whole (because the rule of law is important), but is what tends to happen.
sleveen: pandere uiam infernum honeste (the road to hell is paved with good intentions... and share price falls)
johnhemming: I have now stopped commenting on the situation in Peru because I have been requested to. However, I have explained how I see the situation. I expect the share price for Petrotal to go down and do not intend selling shares although if it gets low enough I am likely to average down. I have put in some contingent purchase orders so I don't have to keep an eye on the markets all the time. I have posted more frequently about Peru because of the rapidly developing situation. However, if people don't want me to I won't. I have found some postings on ADVFN particularly helpful and am inclined to share information that I have that are relevant to stocks whether that be positive for the stock or negative. I did post a lot on TMF and I think they made a mistake in closing the forums there as they had quite a well informed group of investors. Still such is life.
thommie: john I do know it for sure, as I asked the company by email some time ago.first what you did and many people do, they forget that petroperu (the owner of onp and talara refinery) are not the same like perupetro (an official state ministry). but the namens are confusing and looking like the same!perupetro is releasing the production figures you refer to and they are gathered for the purpose to charge the oil firms with royalties on their production. so it is ofc including all produced oil in lot 95 including all brazil exports.ptal btw confirmed me that the figures from perupetro are exactly the production they produce, at least on a bigger timeframe, as they do not exactly stand for the real daily production as they are often mixed or late reported, but in avg they account for the real production. you can recheck it if you read their full year results for 2020 the figure of cumulative 2020 production of a bit over 2mio bbls they rnsed is nearly exactly the production that perupetro reported for 2020. It's just some 1000 bbls different which relates to the time shifting between production in lot 95 and the reporting by perupetro.btw strange that we had absolutely no share price movement while many positiv things were said in the last rns. I think market needs more reassurance to get back trust after 2020 and many warrants can be executed as well.
spangle93: Thanks Pro Our target price remains at £0.50 per share in line with our Core NAV (Brent LT of US$60/bbl). Our target price continues to represent almost 3x the current share price. At US$65/bbl, our Core NAV would be £0.68 per share and EV/DACF multiples would only be 1.3x for 2021 and 0.4x in 2022. For each US$5/bbl increase in Brent price, our Core NAV increases by ~£0.10 per share
thommie: thanks for your input buffy :)I am aware that share price isnt always in correlation with brent, but often it is in producing oil companies, at least more or less. In ptals case the overall sentiment should be influenced very hard by a rising oil price showing a very probable positive development for the upcoming months and years as it can evaporate the debt problem really hard - which was before the main problem and a risk for shareholders being diluted. if they start to hedge at current OP you can be more sure about it :) 2020 was designed to be ptals big year, maybe it will be 2021/22 now...what statement by your peruvian friend made you think positive of the investment case again? social unrest could still remain a problem for ptal even with the gap closure plan...production figures till 14.2. out showing around 7500.bopd production. it was 7800 bopd in january.
buffythebuffoon: Hi Thommie, “It's a bit odd that share price is falling despite brent being 63$ :)” No more odd than the share price has been for quite a bit longer. :^} Expecting moves correlating with the daily fluctuations of the oil price is even odder to me! Cheers, Buffy
pro_s2009: PetroTal Corp PTAL has announced the completion of an agreement with Petroperu which has extended for an additional 2 years until December 2022. At PetroTal’s expense, Petroperu will place commodity price hedges on all oil sold through the ONP, after the oil is delivered by PetroTal to Pump Station # 1 at Saramuro, which will substantially limit PetroTal’s exposure to the impact of oil price fluctuations in the period until Petroperu ultimately sells the oil from the Bayovar port. The amount of the contingent liability at November 30, 2020 was $16.6 million. PetroTal will pay this amount to Petroperu over three years in equal monthly instalments, with interest at an annual rate of 6.12%. The amount can be prepaid at any time, without penalty and is expected to be prepaid following successful completion of the contemplated bond issue announced on January 12, 2021. Based on the current Brent oil price forward curve, when the physical oil sales are arranged by Petroperu, which is expected over the next six months, this will result in PetroTal receiving payments from Petroperu totalling approximately $26.1 million; and the Company continues to develop an alternative export route through to the Atlantic, based on the success of the first 106,000 barrel pilot in December 2020, and PetroTal has now arranged a second 200,000 barrel pilot in February 2021, FOB Bretana. These are smart moves by PTAL who take away the risk of running up high bills as per before and not influenced by any rapid change in oil prices thus limiting exposure. They pay back at a very reasonable rate and at a time of their choosing whilst also developing alternative export routes that will diminish risk. Manuel Pablo Zuniga-Pflucker, President and Chief Executive Officer, commented: “PetroTal is pleased to finalize this agreement with Petroperu that effectively deals with the legacy contingent liability and ensures that PetroTal is substantially protected against future oil price volatility through hedging arrangements. Petroperu’s pipeline and refinery network are important elements of PetroTal’s ongoing Bretana oil field development, and the Company embraces the strong working relationship it has with Petroperu. In addition to the Company’s recently announced successful pilot oil export through Brazil, this agreement with Petroperu that ensures future oil sales into the ONP, along with settlement of the contingent liability, significantly enhances PetroTal’s operations.” This is good news for PetroTal and gets the company out of the mess that was brought upon them when the oil price collapsed due to the Russian/KSA row over market share last spring which was exacerbated by the Covid-19 pandemic. It wasn’t the only announcement today, in the RNS PTAL they also commented on the third-party sale of shares announced recently, as per this: On December 14, 2020, the Company announced that it had been informed by Gran Tierra Resources Ltd. (“GTRL”), a control person of PetroTal, that GTRL had entered into a private purchase and sale agreement with Remus Horizons PCC Limited (“Remus”) in respect of the purchase by Remus of 218,012,500 common shares of PetroTal currently held by GTRL. On January 18, 2021, GTRL informed PetroTal that the purchase and sale agreement has been terminated. PetroTal was not a party to the agreement and would not have received any proceeds from the transaction had it been completed. Whilst the GTRL comment seems terminal, the Remus statement indicates that it may still be alive. Remus Horizons With regard to the above, and indeed to the Remus approach to Far Limited it is worth looking at the Remus statement released yesterday. CEO of Remus Corporation, Sath Kanagarajah says: “Whilst we share the ongoing frustrations of COVID with most businesses, the effect on Remus has escalated to an unforeseen extent. As a UK-domiciled company, with London-based advisors, almost all our internal and external team are confined to their homes by law. Indications of a return to relative normality after the Christmas break have proved optimistic and even the simplest of tasks, and the most basic forms of communication, remain significantly hampered.” ‘Despite these hurdles, Remus has sourced funding for two of its priority transactions: the offer, to Gran Tierra Resources, for 218,012,500 common shares in PetroTal; the indicative proposal to acquire 100% of the shares of FAR Limited. Final regulatory approvals and the subsequent onboarding of the investor capital are, however, subject to considerable delay, as a direct result of the COVID-related restrictions referred to above. Remus remains fully committed to completing the Petrotal and FAR transactions and is confident that the delays in regulatory approvals will be overcome’. As I mentioned recently I am sure that the company has a lot on its books and is ambitious within the sector. ‘Remus is also actively progressing other M&A transactions and has sourced funds to execute those in 2021. Further updates regarding this growing pipeline will be announced in due course’. Furthermore, Remus has recently boosted its senior team with new appointments including a CFO, COO and CTO, plus heads of HSSE, Corporate Affairs and Communications. Mr. Kanagarajah concludes: “I am immensely proud that, during this COVID constrained period, we have managed not only to attract world class investors and deal-flow, but also a deeply experienced team of technical, commercial and communications professionals. Our team of nearly 50 now totals: more than 500 ‘person years’ of E&P experience; across 20 countries on four continents; with responsibility for at least US$ 100 billion of assets; extracting well over 500 million barrels of oil equivalent. It is especially gratifying to see this breadth and depth of expertise being acknowledged in the media.” You have been warned, there is a new beast in the jungle and it sounds like it is in it for real…
Petrotal share price data is direct from the London Stock Exchange
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