PetroTal is currently preparing to drill well 11H in early May with a late June or early July completion. Next to 8H well that had initial flow of 8500bopd. At 60-65$ netback 10H can have pay-back time of ~30days. #PTAL $TAL.V
Minem reaches agreements on station 5 with indigenous organizations in Loreto. Important step to get ONP back online, that can enable Petrotal to produce 20-25k bopd and receive the true-up payments. #PTAL $TAL.V andina.pe/agencia/notici…
Once Petrotal hit the upper right corner in the Matrix here, cash build will be extremely fast. We are talking possible above 70m$ FCF per quarter. FCF/Mcap is just ridiculous. #PTAL $TAL.V
Despite all production issues Petrotal delivers growth and there is a lot of drilling and production growth ahead. Look at 3P production graph below. #PTAL $TAL.V
Another great Petrotal graph on 3P production and Cash-flow. Still early days, Bretana is beast. #PTAL $TAL.V
Need some patience but I think 2022 guidance is still on track. Buybacks/Dividends planned form Q4-22 , might be a few months delayed but will come. #PTAL $TAL.V
Look at the netbacks at 100$ oil. Now oil is 113$ and Petrotal expanded the Brazil route. Netbacks for Brazil might actually be around 70-75$ at the moment. Thereby Petrotal are catching up again towards guidance after some disturbance in Q1. #PTAL $TAL.V
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.