Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
PetroTal Corp - Calgary, Canada-based firm focused on oil and gas development in Peru -Targets average 2025 production of 21,000 to 23,000 barrels of oil per day, up around 24% on what it expects to report for 2024. The company had reported 2023 results in March 2024. Further, PetroTal aims to achieve annual earnings before interest, tax, depreciation and amortisation of $240 million to $250 million, up 6% from what it expects to report for 2024. Ebitda in 2023 was $210.8 million.
Last week Thursday, the company had reported a healthy uptick in oil production as it aims to ‘continue to deliver’ in the new year. PetroTal said corporate production averaged around 19,150 barrels of oil per day in the final quarter of 2024, up 26% from the 15,203 bopd it had reported for the third quarter. Further, it extended the current exploration period for block 107 to February 2027.
Current stock price: 40.00 pence each, up 1.3% on Thursday afternoon in London
12-month change: down 19%
Copyright 2025 Alliance News Ltd. All Rights Reserved.