PetroTal: Oil Reserves Surge, Valuation Hits $2.54B

PetroTal Reports Increase in Oil Reserves and Better Than Expected January Production

PetroTal, the Calgary-based oil-and-gas producer, announced on Monday that its proven oil reserves had increased by 6% to 48 million barrels at the end of last year. Additionally, its proven and probable reserves were up by 4% to 100 million barrels.