Petrotal Share Discussion Threads

[pughman] 01/3/2024 21:14

I believe those numbers from perupetro are for fiscalised production, not actual production which was higher for January anyway according to the CEO.

[tag57] 01/3/2024 18:56

The RNS from 22nd Jan stated every $3 increase in Brent equates to $10m of free cash flow 🥳

[royalalbert] 01/3/2024 18:36

Do like this little snippet from the Feb presentation, they base calculations on $77 brent.

~80% of every dollar increase in Brent falling to netback.

[tag57] 01/3/2024 18:33

This is the poster off X who seems to have access to the current production data for Peru - figambler and the below is his last post although have not copied in the excel table or graphs.
03/01/24 16:42:55 GMT - New Production PetroPeru Data for #PTALDATA - see figambler.tiny.us/yc7knyz5
Average Monthly Production: 17571.79 BOPD
Rolling 7 Day Average: 11960.00 BOPD
Netback assumption: $40 USD/BBL
Annualized NetBack based on rolling average: $174.62 MM USD

[royalalbert] 01/3/2024 18:31

Here you are Stemis

[tag57] 01/3/2024 18:26

Thanks for pointing the omission out Stemis, I forgot about the WHT

[stemis] 01/3/2024 18:23

Where are you getting this information from?

[royalalbert] 01/3/2024 18:19

Production tailed off a bit at present, think even more barges may be required even with the new export routes. Two zero days in the last five, not great but no big shakes production for the first two months 18301 average slightly below target of 18500.
You have to remember though that there are some good barges which carry over 30000 and sail a good way. If just one of these fills up one day it makes all the difference to production targets.
With brent looking good the quarterly divi is looking sound into the future.

[stemis] 01/3/2024 18:15

I agree, I just wouldn't want anyone disappointed when the dividend arrives...

[royalalbert] 01/3/2024 18:00

Stemis 9.265% then, still better than savings account and chance of appreciation at this price.

[stemis] 01/3/2024 16:03

basic yield of 6c / 10.9%

Remember, there's 15% wht off that...

[tag57] 01/3/2024 15:55

Oil prices are looking very supportive atm with Brent topping $83 vs budget of $77, so if PTAL can open up the planned new routes to avoid the shipping difficulties during the dry season they should have a bumper year. Great yield at this price, even at the basic yield of 6c / 10.9%
As per RA above Q1 averaging 19500bopd vs budget of 18500bopd.
All told should be a good start to this year.

[gutterhead] 01/3/2024 14:25

Totally agree.
Lingering worry about local disputes and interruption I think.

[tag57] 01/3/2024 12:49

I am really surprised that the share price hasn’t moved up since the divi announcement. Not sure if there is a bit of overhang from the 2024 capex budget, concern about the Amazon water levels or PTAL is flying under the radar but would have thought the yield would have drawn more interest?

[stemis] 01/3/2024 10:22

I like the way that PTAL are very clear in the way they present their performance and the targets they set for 2024.

[royalalbert] 14/2/2024 09:27

Febuary average at present 19652 BOPD, above forecast so looking good.

[tag57] 14/2/2024 09:07

Nice uplift of 0.5c to the basic divi of 1.5c for Q4.

Hopefully see the same again for the current quarter.

[taurusthebear] 14/2/2024 08:47

Here we go. Again. :-)

[thommie] 12/2/2024 15:46

Strange share price reaction to such a positive rns :)

[tag57] 12/2/2024 13:07

Surprised that this morning’s RNS hasn’t had a positive effect on the share price Maybe there is still some overhang from the 2024 guidance earlier in the month.
Given the average b/d for January and the POO holding up hopefully we will see some up side in cash flow if these levels are maintained for the rest of the quarter.

[mark of the rushes] 12/2/2024 12:46

Positive update. Looking forward to the divi stream going forward.

[valhamos] 12/2/2024 08:24

A very comprehensive reserves report is out for 2023 Y/E. 2P NPV10 increases by 9% over the prior year report.

January production was 20,450 bopd.

[johnroger] 08/2/2024 14:23

hxxps://stream.brrmedia.co.uk/broadcast/65b7515b6371e5b884f613c6

Well worth watching

[royalalbert] 07/2/2024 20:36

Feb looking well up to present.

[fozzie] 07/2/2024 09:57

This fall from 50p is a surprise I must say. Added a few more to the pot down here, can’t help looking at that divi.