PetroTal Corp. provided production and earnings guidance for the fiscal year 2022. The company's 2022 oil production is expected to range between 17,500 bopd and 19,500 bopd.

At the mid-point of the range, PetroTal would produce about 6.6 million barrels of oil in 2022, representing a 100% production growth rate over 2021. In addition, the company expects to exit 2022 with production at approximately 21,500 bopd and with production materially surpassing the 20,000 bopd mark at certain flush production points during the year. The company expects to generate USD 325 million to USD 350 million of net operating income (‘NOI').