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Production / Operations

PetroTal Announces Q4 2025 Operations and Financial Updates, and Appointment of Chief Operating Officer

By The Northwire Desk — AI Analysis Jan 13, 2026 · 02:01 TAL · 0.39 PETROTAL CORP. J
TAL · Price

Executive Summary

  • Group production averaged 15,258 bopd in Q4 2025 and 19,473 bopd for FY 2025, reflecting a ~9.2% increase YoY.
  • Total cash stood at $139.1 million as of Dec‑31 2025, with $112.4 million unrestricted, up from $108.8 million (Q3 2025).
  • Jorge Osorio was appointed Chief Operating Officer effective Jan 12 2026, bringing 37 years of upstream leadership experience.

Key Details

  • Production Highlights
  • Q4 2025 group production: 15,258 bopd (14,766 bopd from Bretana field, 492 bopd from Los Angeles field).
  • FY 2025 average production: 19,473 bopd; cumulative 7.1 million barrels (+9.2% vs. 2024).

  • Early Jan 2026 weekly average: ~15,600 bopd, flat to Nov 2025 levels and in line with the 2026 forecast.

  • Bretana Field Update

  • Production below capacity since Aug 2025 due to tubing leaks; five wells shut‑in.
  • Service rig mobilized Oct 2025; production tubing replaced in six wells by Jan 7 2026.

  • Cumulative production passed 30 million barrels in Dec 2025.

  • Reserves (as of year‑end 2024)

  • Proven (1P): 67 million barrels (up from 16.9 M at 2017 recapitalization).

  • Probable (2P): 114 million barrels (up from 37.5 M in 2017).

  • Cash & Liquidity

  • Total cash: $139.1 M; unrestricted cash: $112.4 M.
  • Unrestricted cash Q3 2025: $108.8 M; end‑2024: $102.8 M.
  • Restricted cash: $26.7 M (incl. $19.2 M escrow for COFIDE/BanBif loan).

  • Trade/payables: $60.4 M; trade receivables: $62.1 M (vs. $59.0 M / $66.9 M Sep‑30 2025).

  • Hedging

  • No new production hedges in Q4 2025.
  • Existing collars cover ~0.2 million barrels Jan 1–Mar 30 2026 (floor $65/bbl, ceiling $80.50/bbl, cap $100.50/bbl).

  • Fair value of hedges ≈ $0.8 M as of Jan 7 2026.

  • Executive Appointment

  • Jorge Osorio appointed COO, effective Jan 12 2026.
  • Responsibilities: field operations, engineering, production, drilling.
  • Prior experience: VP Upstream at Ecopetrol (730 k bopd portfolio, $4‑5 B capex), senior roles at BP (Asia Pacific & Atlantic LNG).

Notable Quotes

  • Manuel Pablo Zuniga‑Pflucker, President & CEO:

    “Our recent wells have responded positively to production tubing replacements, and our current corporate production is in line with the November 2025 forecast… We remain confident in our ability to deliver sustainable production growth.”

Materiality Assessment: Material – Positive (significant production increase, improved cash position, and senior executive appointment).

Read the original news release →

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