PetroTal Delivers Strong Q2 Results, Advances Drilling Campaign
PetroTal Corp., an oil and gas company listed on the AIM and OTCQX, has reported its operating and financial results for the three months ended June 30, 2026.
The company's key highlights include average sales and production of 11,969 and 12,557 barrels of oil per day (bopd), respectively. In the first half of 2026, PetroTal's corporate production averaged 13,726 bopd, approximately 3% ahead of budget expectations.
The company reported adjusted EBITDA of $43.5 million ($39.98/bbl) in Q2 2026 and $78.7 million ($33.05/bbl) in H1 2026. Free Funds Flow was $32.4 million ($29.72/bbl) in Q2 2026 and $58.1 million ($24.41/bbl) in H1 2026.
PetroTal has commenced a pulling campaign at the Bretana field to replace production tubing and potentially electric submersible pumps in up to five wells, with a view to improving field production deliverability in H2 2026. The company is advancing preparations for its H2 2026 development drilling campaign, which remains on track to begin in October.