PetroTal Corp. (TAL) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and thank you for joining PetroTal's Q2 webcast. Your presenters today are Manolo Zuniga, President and CEO, and Camilo McAllister, CFO. As usual, questions can be submitted via the platform during the webcast and we'll do our best to answer them in the time available. Manolo, thank you. Thank you, Mark. And good morning, everyone. And thank you for joining PetroTal's Q2 2026 webcast. where we're going to discuss the financial and operational results we release overnight. My name is Manolo Zúñiga, and I am the president and CEO of PetroTal. I am joined today by Camilo McAllister, our executive vice president and chief financial officer. If you have clicked on the link this morning, press release, you should hopefully see our slide presentation on your screen. But before I begin, I should mention that there are some disclaimers towards the end of the main presentation on our website, which I encourage you to read after we prepare comments. On slide two, before we get into the quarter results, I want to step back and remind everyone why we believe PetroTal represents a compelling investment. Starting with the asset itself, PetroTal is the largest oil producer in Peru. We have 110 million barrels of remaining 2p reserves. representing $1.2 billion of net present value, NPV10 value, against 32 million barrels produced to date. So we are still in the early innings of developing this field. Our track record speaks for itself. Since inception, we have invested $675 million in Peru, generated over $1 billion of EBITDA, and returned more than $150 million to shareholders, and also tripled the size of our Bretagne oil field. Turning to the catalyst ahead of us, we're excited to restart our development drilling program in the fourth quarter of this year. as we target a re...