PetroTal is a small-cap oil production company, listed in Canada and headquartered in Houston, Texas. Its core asset is the Bretaña onshore field, located in Peru. It produces 9,000 bpd.
Our Core-NAV of CAD 0.9/share suggests 113% upside from today’s share price of CAD 0.43/share at a Brent price deck of $65 flat. But significant more upside is likely.
The key risks revolve around execution - not reservoir - and can be addressed every single day by the most competent management team which we explain in detail below.