Petrotal Share Discussion Threads

[royalalbert] 11/3/2024 19:42

Thanks for the link, here's the translation.

In relation to the accident that occurred on Tuesday due to the collision of two vessels of Trans Fluvial Rey E.I.R.L., contractor of the company Novum Energy, which caused a hydrocarbon spill in the Puinahua River, 2 km from the operations of the Brittany North Field of Lot 95 , the PetroTal company reports the following:

▫︎ On March 5, the day of the incident, and in response to the request for support made by the crew, we immediately activated our Emergency Plan and sent brigades of specialists who controlled the hydrocarbon leak and began the containment and cleanup work without delay. of the affected areas.

▫︎ Trans Fluvial Rey E. I. R. L., for its part, sent a delegation to the town of Manco Cápac, Jorge Chávez and other communities to manage the supply of food and water. Meanwhile, the Loreto Conflict Prevention and Management Committee, – where PetroTal also participated – ordered the sending of health brigades and has been coordinating the delivery of supplies with the Municipality of Puinahua.

▫︎ The company Novum Energy, owner of the crude oil, activated response level II of its contract with Lamor, an international specialist in spill control, which immediately ordered the sending of vessels, equipment and specialists to execute its action plan in the Canal del Duero. Puinahua, as well as the hiring of 120 local people for cleaning work under the coordination of 15 supervisors.

▫︎ For our part, our company, together with Trans Fluvial Rey E. I. R. L., has provided water and food to the towns of Urarinas, Nuevo Kuwait, CP Jorge Chávez, CN Jorge Chávez, San Juan de Páucar, Manco Cápac, San Pedro I, San Pedro II, June 7, San José and Atún Poza and we are also collaborating with the Provincial Municipality of Requena to support more affected families with humanitarian aid.

▫︎ As PetroTal, operator of Lot 95, we deeply regret this accident caused by the collision of barges, the same one that would have been caused by the poor visibility in the area, and we continue working without pause so that the environmental and social conditions return to normal. promptly. For this reason, we have been supporting the cleaning and care actions for our neighbors and transparently informing the population and the competent authorities such as Dicapi, Oefa, Sernanp, Osinergmin, ANA, Perupetro, the Prosecutor's Office, among others.

▫︎ The Municipality of Puinahua and the Subprefecture have called a meeting this March 9, in the Plaza de Brittany, with the participation of local authorities, the general population, representatives of Trans Fluvial Rey E. I. R. L., Novum Energy and different government agencies to discuss the problem.

▫︎ For all this, we call on a sector of the population that seeks to impose itself through the use of illegal measures, such as the invasion of private property and the violation of the right to free movement of our workers, to channel their demands through dialogue.

▫︎ The arrival of around 200 residents, on March 5, to our camp shows an act of exposing people to danger, not only of our collaborators, but also of the promoters of the measure and their followers, among whom They find women and children.

▫︎ Since the beginning of the incident, PetroTal has been the first to transparently report the facts to the population, authorities and the country. We will continue visiting and supporting affected communities, assisting with food, water, and river cleanup; Our objective is to contribute to the determination of responsibilities and ensure the necessary support from those responsible for this event for the recovery of our community and the environment.

Puinahua, March 8, 2024

[bradvert] 11/3/2024 18:20

Update - it seems Petrotal did publish an update locally on Friday https://petrotal.pe/empresa-internacional-control-de-derrames-plan-de-limpieza-rio-puinahua/Strange that nothing is communicated yet by RNS or on the English language site. Tomorrow hopefully. HT to David Audet on twitter for the link.

[bradvert] 11/3/2024 17:31

Agreed DC. From what little we know it seems the incident has been contained, was managed well and is hopefully done with. To say it's not PTAL's problem seems naive though..How likely does this conversation sound?Villager 1 - "Let's go and protest at Bretana about the incident in our beautiful river"Villager 2 "Wait! You do realise they put the oil on the barge FOB not CIF?"Villager 1 "Good point, there's clearly no liability at the wellhead"

[doughcyclone] 11/3/2024 16:45

Well it’s not Ptals fault I would say but right now it’s Ptals problem…

[royalalbert] 11/3/2024 16:06

Would have thought if that was the case company would say something, however DC I will agree with you but it wasn't PTALs problem.

[doughcyclone] 11/3/2024 15:48

Well cleanup is required and probably also investigation before it’s resumed

[royalalbert] 11/3/2024 15:41

Not actually sure what's happening here no production reported on Perupetro website for the 4 days up to the 9th March.

[johnroger] 06/3/2024 14:29

hxxp://ppsisuc/supervision_contratos/include/asp/rptserver.asp

[royalalbert] 06/3/2024 09:39

Seems to be not really Petrotal problem but they helped them.

Here is the report in spanish,



And also the translation.

Support from PetroTal allows the incident that occurred in the Puinahua River to be controlled
PetroTal, operator of Lot 95, informs the public that today, at 5:30 a.m., the shipowner Henry, who transports the crude oil that the Novum company buys from the operator of Lot 95, requested support from the oil company to control a hydrocarbon spill. in the river.
MARCH 5, 2024




PetroTal, operator of Lot 95, informs the public that today, at 5:30 a.m., the shipowner Henry, who transports the crude oil that the Novum company buys from the operator of Lot 95, requested support from the oil company to control a hydrocarbon spill. in the river, which occurred after two of their boats were docked, approximately two kilometers from our operation (Puinahua district, Loreto region).

"Immediately, PetroTal - in support of the Henry company convoy - activated its Contingency Plan by which duly trained and equipped brigades arrived at the point of the incident and managed to control the hydrocarbon leak," the company said in a recent statement.

The event occurred outside PetroTal's control area. Investigations will begin immediately, while containment and cleanup efforts are carried out.

The Henry transport company, owner of the damaged barges and Novum's contractor, has committed to providing the necessary support to the affected communities and delivering water and food.

[pughman] 06/3/2024 08:42

On the Tal tsx forum, there is mention of an incident with a barge and a leak.

[royalalbert] 06/3/2024 08:18

T57 no problem with PTAL just the tables provided by Perupetro, I'm sure it will be sorted on the next update. Regarding geopolitical risk the UK is worse with our MPs.

[tag57] 05/3/2024 22:57

RA maybe Ptal just needs to show it can maintain its divi over a period of time to start to pull in new investors. The geopolitical risk probably puts some people off too.
At under 45p I see the Ptal share price as a great opportunity to get a great yield with plenty of potential for this to grow, but then I am happy to take the risk vs reward on this too.
Each to their own I suppose.

[royalalbert] 05/3/2024 21:40

They are producing Febuary figures again, back office needs a wake up call.

[royalalbert] 05/3/2024 21:08

Just looking at their table not sure any of it is correct seems all over the shop so to speak.

Sorry for this out of my control.

[taurusthebear] 05/3/2024 08:56

There may be a 10% trade here, but there's sure as hell going to be a 3% trade come the Ides. :0)

[husted] 04/3/2024 11:13

They are now using oil for power - they used diesel generators before when Thommie was asking the question.

Would this production be fiscalised? I'm thinking No, as it's never sold so can't be taxed as a percentage of sale?

[purple11] 04/3/2024 09:07

in with 10k for a trade to 48/50 gl

[royalalbert] 03/3/2024 22:20

Thommie asked the question to IR, you seem to be on the right track.

Basic points are these from their response,

1:They (perupetro) measure oil that has passed the audit point for sales.
2:We can choose to produce into storage at our field which would not be measured by
Perupetro until it came out of storage.
3:Perupetro measures the oil in batches which isn't always daily.

I believe we have 90k storage facility, so fluctuations will happen and over time these discrepancies should align.

[thommie] 03/3/2024 21:55

Some years ago I asked the company this question. And although I cant find the response atm it was: perupetro figures is fiscalized oil, the brazil shipments are fiscalized when loaded on barges at lot 95, oil to iquitos refinery is fiscalized when it is unloaded and oil that went through the onp pipeline is fiscalized when unloaded at the pump station in saramuro. So to summarize... The perupetro numbers might be a little bit off the daily or monthly production figures, but they are absolutely true. In former years I even pointed out statements in rns's to petrotal that werent fitting compared to the perupetro numbers that got published. Ptal after months committet, that the numbers from perupetro are the real numbers but werent able to explain why their figures didnt match. Overall over the last 6 years I am invested in ptal I found out that ptal tends to publish average short timeframes of production that look bullish. Even if they know that weeks ago it was much worse or know that it will drop in the coming weeks. Thats not really a lie, but it picks preferable timeframes of production that sound positive. Since the problems with protests vanished after last years social fund, etc. things I found out that this tactic is used much less, as there are much less problems with production interruptions. It's very rare that you are able to compare production like this, normally you can only rely on the production announced in company rns's.

[royalalbert] 02/3/2024 21:29

M24XP brain must have been on strike don't know how I missed that, so thanks.

Will have to try and work out how perupetro obtains the numbers.

[m24xp] 02/3/2024 15:28

"January 2024 average production was 20,450 bopd"

[royalalbert] 02/3/2024 12:20

Pugh were did the CEO state production for January??