Current PTALF Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

 
Increased expenditures, increased results
PetroTal (stock ticker: PTALF, LSE: PTAL) released its first quarter financial results and operations update Tuesday, revealing an approximately 280% increase in spending compared to Q1 2018.

This increased spending has been productive, as the company reported $4.32 million in net revenues and for the first quarter. It also reported a 90% increase in the NPV-10 of its 2P reserves as of December 31, 2018, totaling $535 million.

Source: PetroTal MD&A

Furthermore, PetroTal’s spending, although higher than in past years, is still well under budget in many areas. According to the company’s January 2019 investor presentation, it ...


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