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The latest announcement is out from PetroTal Corp ( (TSE:TAL) ).
PetroTal Corp reported a strong operational performance in Q2 2025, with a 15% increase in group production compared to the same period last year. The company successfully replaced electric submersible pumps at the Bretaña field, restoring significant production capacity. Despite delays in commissioning a new drilling rig, PetroTal’s year-to-date production aligns with guidance, and capital expenditures remain below budget. The company ended Q2 with a total cash position of $142.1 million and is advancing preparations for its drilling program at the Los Angeles field. A management change was also announced, with Max Torres appointed as Interim Chief Operating Officer.
More about PetroTal Corp
PetroTal Corp is a publicly traded oil and gas development and production company based in Calgary, Alberta. The company focuses on developing oil assets in Peru, with its flagship asset being the Bretaña Norte oil field in Peru’s Block 95. PetroTal has become the largest crude oil producer in Peru and is committed to community-sensitive energy production.
For a thorough assessment of TAL stock, go to TipRanks’ Stock Analysis page.