Browsing Tag
Block 131
2 posts
PetroTal (TSX: TAL) cuts Block 131 royalty from 23.5% to as low as 5%
PetroTal Corp. has amended its Block 131 licence in Peru so qualifying incremental production can pay royalties of 5%, 9% or 15% instead of 23.5%, materially improving drilling economics but requiring two new wells within two years to preserve the new regime.
PetroTal posts record Q1 2025 production, prepares for Capex flex amid oil price pressures
PetroTal reports record Q1 2025 oil production, strong cash flow, and strategic hedges as it braces for oil price volatility—see the company’s next steps.