TSX:TALOil and Gas
Do PetroTal’s (TSX:TAL) Steady Reserves Mask a Rising Long-Term Cost Burden?
In February 2026, PetroTal Corp. released its 2025 year-end reserve evaluation, showing 1P and 2P reserves at 66.4 mmbbls and 110.2 mmbbls, with values impacted by lower forecast oil prices and higher planned development spending.
An interesting feature of the report is that PetroTal fully replaced its 1P reserves and most of its 2P reserves in 2025 without any development drilling, relying instead on revisions to the Bretaña field plan, including more production and water disposal wells...