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PetroTal Corp ( (TSE:TAL) ) has issued an update.
PetroTal Corp has secured a $65 million term loan from Banco Interamericano de Finanzas and COFIDE to finance erosion control infrastructure at the Bretaña oil field, benefiting both operations and the local community. This loan, which is COFIDE’s first focused on environmental and social financing in Peru’s extractive sector, underscores PetroTal’s commitment to the district of Puinahua and strengthens its liquidity position, allowing the company to continue its development program without compromising its financial stability.
More about PetroTal Corp
PetroTal Corp is a publicly traded oil and gas development and production company based in Calgary, Alberta, with a focus on developing oil assets in Peru. The company’s flagship asset is the Bretaña Norte oil field in Peru’s Block 95, where it holds a 100% working interest. PetroTal became the largest crude oil producer in Peru in early 2022 and is committed to community-sensitive energy production.
For detailed information about TAL stock, go to TipRanks’ Stock Analysis page.