PetroTal Corp. (TSX-V: TAL) announced that it has achieved first oil production from the Bretana Norte discovery well at the Bretana field in Block 95 in Peru.

PetroTal Assets; Source: PetroTal Corp.

The Bretana oil field is a low- risk, high impact oil field with approximately 40MMBO of certified 2P reserves, according to PetroTal. The NPV10 of this area, according to PetroTal, is approximately $346MM and 90% IRR based on a 12% recovery factor.

PetroTal also reported operational highlights for the well:

First oil production achie...

Legal Notice