PetroTal progresses new horizontal well in Peru

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Peru focused oil company PetroTal the drilling of its second horizontal well on the Bretana field was progressing according to budget and timeline.

The well reached the target Vivian formation at the prognosed vertical depth of 2,696 meters and 700 meters of the planned 870 meters horizontal section had been drilled.

Completion of the well, tie-in, and initial production tests were expected to commence on or before December 15.

At 8:24am: (LON:PTAL) share price was +3p at 24p