09:54 AM EST - PetroTal Corp. : Reported its operating and audited financial results for the three months and year ended December 31, 2022. The Company Delivered annual average production of 12,200 bopd representing a 36% growth rate over 2021. The company increased 2022 2P reserves to 97 million barrels (24%) and after tax NPV-10 to US$1.75/share (46%). Established a new record production level of over 26,000 bopd. Generated 2022 free funds flow of $162 million (~38% of exit 2022 market capitalization). Brought four highly productive horizontal oil wells online in 2022 to exit the year with 20,000 bopd. Bonds are now fully repaid and return of capital program announced subsequent to 2022 year-end. PetroTal Corp.
shares T.TAL are trading up $0.08 at $0.74.
