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PetroTal Corp. (T:TAL)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: 16200 Park Row #310
HOUSTON TX 77084
Tel: N/A
Website: https://petrotalcorp.com
IR: See website
Key People
Manuel Pablo Zuniga-Pfluecker
President, Chief Executive Officer, Corporate Secretary, Director
Camilo McAllister
Chief Financial Officer, Executive Vice President
Jose L. Contreras
Senior Vice President - Operations
Glen Priestley
Vice President - Finance, Treasurer
Emilio T. Acin Daneri
Vice President - Business Development
 
Business Overview
PetroTal Corp. is an oil and gas development and production company focused on the development of oil assets in Peru. The Company is engaged in the exploration, appraisal and development of oil and natural gas in Peru, South America. Its flagship asset is its 100% working interest in Bretana oil field in Peru's Block 95. Through its two subsidiaries, the Company is engaged in the ongoing development of hydrocarbons in Block 95 with a focus on the development and production from the Bretana oil field. In addition to further leads in Block 95, the Company has significant exploration prospects and leads in Block 107. The Bretana oil field is located in the Maranon Basin of northern Peru. The Company has a 100% working interest in the Bretana oil field. Block 107 has three additional leads, inclusive of the Osheki-Kametza prospect.
Financial Overview
For the six months ended 30 June 2024, Petrotal Corp revenues increased 24% to $184.2M. Net income increased 31% to $83M. Revenues reflect Crude oil revenue segment increase of 24% to $203.7M, Crude Oil Production, Total increase of 18% to 3.4M barrels. Net income benefited from Commodity price derivatives loss (gain) increase from $13.5M (expense) to $8.3M (income). Dividend per share increased from $0.02 to $0.04.
Employees: 161 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $507.90M as of Jun 30, 2024
Annual revenue (TTM): $448.15M as of Jun 30, 2024
EBITDA (TTM): $325.31M as of Jun 30, 2024
Net annual income (TTM): $180.89M as of Jun 30, 2024
Free cash flow (TTM): $55.24M as of Jun 30, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 913,549,023 as of Oct 23, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization