Petro Tal Corp (TSE:TAL) has released an update.
PetroTal Corp has reported a robust start to 2024 with a 23% quarter-over-quarter increase in oil production, reaching an average of 18,518 barrels per day. The company maintains a strong financial position with $63 million of unrestricted cash, despite a slight decrease due to capital expenditures and dividend distributions. Additionally, PetroTal is actively progressing with its 2024 development program, including the recent successful drilling of well 17H and the upcoming construction of an erosion control project to safeguard its Bretana oilfield.
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