(World Oil) – PetroTal Corp. has successfully acquired 100% working interest in Peru Block 131, following its acquisition of CEPSA Peruana, the Peruvian business unit of Compañía Española de Petróleos (CEPSA). The Los Angeles oil field at Block 131 was discovered by CEPSA Peru in 2013. “The acquisition of Block 131 represents an important milestone for PetroTal, and a pivotal step
GeoPark Announces Second Quarter 2019 Operational Update
By Tyler Losier, Energy Reporter, Oil & Gas 360 Increased expenditures, increased results PetroTal (stock ticker: PTALF, LSE: PTAL) released its first quarter financial results and operations update Tuesday, revealing an approximately 280% increase in spending compared to Q1 2018. This increased spending has been productive, as the company reported $4.32 million in net revenues and for the first
PetroTal Corp. (TSX-V: TAL) announced that it has achieved first oil production from the Bretana Norte discovery well at the Bretana field in Block 95 in Peru. The Bretana oil field is a low- risk, high impact oil field with approximately 40MMBO of certified 2P reserves, according to PetroTal. The NPV10 of this area, according to PetroTal, is approximately $346MM
Sterling Resources speeds up Bretana field development Peru-focused E&P Sterling Resources Ltd. (ticker: SLG) has advanced the 2018 capital program at the Bretana field in Northeast Peru. Last December, the company acquired 100% working interest in the field. At the time, the company estimated that the project would come online in 10 to 12 months for ~$24.6 million. Project’s budgeted
BPZ Energy (ticker: BPZ) is exploring and producing from licensed contracts covering approximately 2.2 million gross acres in four properties in northwest Peru. One short year ago, a strategic inflection point for BPZ Energy was identified by OAG360. BPZ announced a long-awaited joint venture with Pacific Rubiales Energy Corp. (ticker: PRE:CA) for the development of BPZ’s offshore Block Z-1. Pacific
A strategic inflection point was taken today by BPZ Energy (NYSE: BPZ). Joint Venture with Pacific Rubiales at Block Z-1 On April 27, 2012, BPZ formally announced a much anticipated joint venture with Pacific Rubiales Energy Corp. (TSX: PRE) to explore and develop offshore Block Z-1. Pacific Rubiales will pay BPZ $150 million in cash and has committed $185 million
BPZ Energy (NYSE:BPZ) announced Q4’11 and year-end 2011 financial and operational results for the period ended December 31, 2011. For the full year 2011, BPZ reported a net loss of $33.8 million, or a loss of $0.29 per share, compared to a net loss of $59.8 million, or $0.52 per share, for the same period last year.Net revenue for 2011
Manolo Zúñiga, President and Chief Executive Officer of BPZ Energy (NYSE: BPZ) presented today at EnerCom’s The Oil and Gas Conference® 16. BPZ Energy is an independent oil and gas exploration and production company with exclusive license contracts covering approximately 2.2 million acres in four blocks in northwest Peru. The Corvina oil field in offshore Block Z-1 is the Company’s
BPZ Resources, Inc. (NYSE: BPZ) announced that the company entered into a $75 million senior secured credit facility with a lending syndicate led by Credit Suisse AG Cayman Islands Branch. Borrowings under the new facility are available for Block Z-1 and other commitments and expenses. Interest on the facility accrues at the London interbank rate (LIBOR) plus a margin of
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