Discover and read the best of Twitter Threads about #GTE
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On PetroTal: We promised to share our work on #PTAL, the CAD based small-cap E&P with an onshore oil field in Peru which currently produces 9,000 bpd and is about to double that in 2020. Here is a brief summary in a thread. For the full presentation, send me an email. #PTAL #TAL 
Spin Off: In 2017, Sterling, a listed company with $41m cash but no assets, and PetroTal, a company with a credible mgmt but no assets or listing, merged and entered into a agreement with Gran Tierra to buy its Peruvian assets in exchange for issuing shares to Gran Tierra. #GTE
Production: PetroTal produces 9,000 medium-heavy bpd from the Bretaña, a conventional sandstone reservoir in which it holds 100% working interest and which it operates. The field holds 39.8 Mmbbl of Proved and Probable Reserves (2P) net to PetroTal.
