Petrotal Corp (TSX-V:TAL, OTCQX:PTALF, AIM:PTAL) president Manuel Zuniga spoke to Proactive following its second-highest ever quarterly production figure of around 12,200bpd.
PetroTal is the largest crude oil producer in Peru and has been producing oil at the Bretana field since June 2018 where he says output is now up to 20,000bpd following the 13H well coming on stream.
Wells at Bretana pay back within 1-2 months at current oil prices, he adds, with PetroTal to be debt-free shortly and looking to return capital to investors.