Petro Tal Corp (TSE:TAL) has released an update.
PetroTal Corp reported a strong first quarter in 2024 with average sales and production reaching over 18,000 barrels of oil per day, a free funds flow of $53 million, and the declaration of a $0.015 per share dividend. The company’s successful drilling and strategic acquisition of Block 131 positions PetroTal for continued growth. They also maintain a strong balance sheet with no long-term debt and a robust cash position, despite the cash decrease due to significant receivables collected post-quarter-end.
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