CEO Manolo Zúñiga reveals PetroTal's success story: from 0 to Peru's largest oil producer in 5 years
Manolo Zúñiga, CEO of PetroTal Corp, discussed the company's operations and prospects in an interview with Proactive's Stephen Gunnion. PetroTal is an oil company based in Peru, South America, operating in the Amazon jungle. Despite challenges in the ESG space, the company has become the largest crude oil producer in Peru in just five years, averaging 15,000 barrels of oil per day. The interview highlighted PetroTal's commitment to environmental and social responsibility, with a focus on positive change for local communities. Zúñiga discussed the growth of PetroTal's oil field, which initially had probable and proven reserves of 37.5 million barrels, now estimated at 108 million barrels. The company's horizontal drilling techniques have led to robust production, hitting 19,000 barrels per day in the second quarter. However, social unrest and river blockades have been challenges, which PetroTal aims to address by supporting local communities through a social trust fund. Zúñiga touched on PetroTal's listing on the OTCQX in the US, alongside trading on the London AIM market and Canada's TSX. He emphasized the company's commitment to maintaining transparency and keeping investors informed about future developments. Despite seasonal production fluctuations, PetroTal remains focused on expanding production and exploring new markets. #ProactiveInvestors #InsertCompanyName #InsertStockMarket #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews #PetroTal #OilProduction #Peru #ESG #EnvironmentalResponsibility #SocialImpact #OilIndustry #AmazonJungle #EnergySector #CEOInterview #OilExploration #OilReserves #SustainableBusiness #CommunityEngagement #OilField #InvestmentOpportunity #CorporateResponsibility #OTCQX #EnergyInvestment #OilMarket #OilAndGas #SouthAmerica #BusinessGrowth #EnergyProduction #SustainableDevelopment #CEOInsights