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
  0.375 2.1% 18.25 1,980,172 08:07:01
Bid Price Offer Price High Price Low Price Open Price
18.00 18.50 18.25 18.00 18.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 7.84 -4.24 0.78 25.2 149
Last Trade Time Trade Type Trade Size Trade Price Currency
17:08:13 O 178,080 18.1377 GBX

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Petrotal (PTAL) Discussions and Chat

Petrotal (PTAL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-03-08 17:13:5618.10178,08032,232.48O
2021-03-08 17:08:1318.25100,00018,250.00O
2021-03-08 16:16:2718.2620,0003,651.02O
2021-03-08 16:14:1718.2567,12012,249.40O
2021-03-08 16:14:1018.10100,00018,100.00O
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Petrotal (PTAL) Top Chat Posts

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 17.88p.
Petrotal Corporation has a 4 week average price of 15.50p and a 12 week average price of 10.75p.
The 1 year high share price is 18.50p 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 1,851,387 shares. The market capitalisation of Petrotal Corporation is £148,656,415.43.
thommie: payment of the 1,8mio bbls oil to sell at 67$ brent would be additional 42mio atm to ptal instead of having to pay millions to petroperu. and thats only for the 1,8mio. ptal did produce many more bbls till then that were put into the onp for much lower prices, so they could get a bonus on many more bbls they produced since then on top of that when it is sold. around 300 000 more bbls have been sold at a fix price over manaus without future price correction. this is like half the bond amount they just raised...
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
mount teide: Thommie - I don't trade.... I like to buy quality value/growth stories at 20 year commodity/shipping industry cycle lows and, patiently wait for outstanding management, time and market greed to work their magic. Hold seven figure positions in JSE(average 39p) and PTAL(average 13.9p) and 2 million plus positions in TXP(75% bought at 8.5p) and SAVE(average 9.3p). Expect to still be holding them in 2025 unless the story changes. I believe the fundamentals of each company taken together with the wider global macro outlook at this early stage of a new commodity market cycle, has the potential to see all of them at many, many multiples of the current share price over a 3-5 year investment outlook. AIMHO/DYOR
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…
mcfly79: Great to get this confirmed.The contingent liability has now turned into a $9.5m asset due to the increase in Brent prices!PTAL will pay $16.6m to Petroperu over the next 3 years, but will receive $26.1m over the next 6 months based on current Brent prices.If the $100m bond is secured the liability will be paid off upfront.Either way a cash flow positive for the company.It seems that Gran Tierra now don't want to sell their share in PTAL - another good sign. Makes sense that they pulled out of selling them if they could, since PTAL is now a lot more valuable and has great prospects (especially with the bond issue).
thommie: btw... what just came to my mind... why should ptal rns sth. that didnt have an influence at their business yet? petroperu got back station 5, but that doesnt mean that onp is already working again and so ptal cant improve production before they get the call from onp to be allowed to deliver more oil than recently possible... last time onp got closed it took weeks till reopening from the point they originally said it would be working again. I guess they have to check every single screw on the site after an occupation of 83days! if they are allowed to do so Im sure they will rns it. you normally know it before. when the share price starts to rise suddenly without any other news :)
thommie: guys dont wonder that share price isnt rising. Ppl need to get back trust in the company. first we need to see stable daily production and no new protests plus in the next 40-50days the reopening of the onp as available storage will be full otherwise. after that ppl will start to remember the outstanding performance of ptal in whole 2019 and q1 2020, always delivering just in time or over expectations. The share price will then start to move.
thommie: Jeah I thought that too, but anyway ptal is back producing. As I am here for the long run anyway this derisked my whole investment. So Im glad now the way it is. I dont care about all short term traders that have gone out now taking their profits which made the share price fall. And like simple said they can just do 8000 bopd for now till the pipeline opens... forecast at early august now. Petroperu ceo before said 14.july. But looks like He was wrong.... Oil price is key here. And still, as it takes forecasted 240days from production top final sale (price) every month with oil price not rising above 45-50$ is good for ptal. As the prepayments will be enough to meet their costs and will lead to higher prices in selling their 1,7mio barrels in q4 2020 or q1 2021! for the actual production we do need oil price to be up in 8 months from now on. Not calculating in the amount barged to the iquitos refinery. Every month oil price stays low will defer more capex into the future and especially shale will have enormous decline rates if rig counts stay low!
Petrotal share price data is direct from the London Stock Exchange
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