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PetroTal Corp ( (TSE:TAL) ) has issued an announcement.
PetroTal Corp. reported strong financial and operational results for Q2 2025, with average production and sales of over 20,000 barrels of oil per day. Despite lower oil prices, the company generated significant free funds flow and maintained substantial cash reserves. However, due to delays in drilling and lower oil prices, PetroTal revised its 2025 production guidance and paused some investments to optimize its long-term development plans at the Bretana field. The company also completed infrastructure enhancements to increase oil treatment capacity and plans further development in 2026.
More about PetroTal Corp
PetroTal Corp. operates in the oil and gas industry, focusing on the exploration and production of oil. The company is primarily engaged in developing the Bretana oil field in Peru, which is a significant part of its operations.
See more data about TAL stock on TipRanks’ Stock Analysis page.