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PetroTal Corp ( (TSE:TAL) ) has shared an announcement.
PetroTal Corp. has released its 2026 budget and guidance, signaling a transition year in which the company prioritizes liquidity preservation, cost discipline and operational reliability over near-term production growth. The board has approved capital spending of $80–90 million, targeting average 2026 production of 11,750–12,250 barrels of oil per day and maintaining at least $60 million in unrestricted cash. The plan includes $45 million for two development wells at the Bretaña field by year-end, significant investments in erosion control and essential infrastructure, and a shift to a third-party drilling contractor while exiting its Amazonia-1 rig lease to reduce scheduling risk and align costs with lower activity levels. PetroTal expects adjusted EBITDA of about $30 million at $60 Brent, supported by opex and G&A cuts, and will sell all Bretaña crude via its Brazil export route while it works to restore production capacity to more than 20,000 bopd from 2027 and fund future water-handling and infrastructure expansion from internally generated cash flow.
More about PetroTal Corp
PetroTal Corp. is a Calgary- and Houston-based, publicly traded oil and gas development and production company focused on Peruvian oil assets. The company’s flagship operation is its 100% working interest in the Bretaña Norte oil field in Block 95, where it began production in 2018 and subsequently became Peru’s largest crude oil producer. Led by a management team experienced in the Peruvian energy sector, PetroTal emphasizes cost-effective development and community-sensitive operations across its projects.
For a thorough assessment of TAL stock, go to TipRanks’ Stock Analysis page.