Core Viewpoint - PetroTal Corp. has announced the suspension of its regular quarterly dividend due to challenges in production and financial outlook for 2026 [1][3][6] Financial Performance - The company's Q3 2025 results indicate strong financial and operational performance, but production volumes are expected to decline in H1 2026 due to delays in the development drilling program [2][4] - The updated production forecast suggests an average corporate production of approximately 12,000-15,000 barrels of oil per day (bopd) for 2026, depending on the timing of drilling resumption [4][5] Dividend Suspension - The Board of Directors made the decision to suspend the quarterly dividend to preserve liquidity and ensure a minimum cash balance of $60 million is maintained [3][7][8] - Since 2023, PetroTal has returned nearly $155 million to shareholders, with $144 million paid out in dividends [8] Development Outlook - The company is optimizing its long-term development plan for the Bretana field, considering lower oil prices and regulatory factors [4][5] - Continued development is contingent on investment in facility expansion, particularly for water handling capacity, which is currently a challenge under the updated production forecast [5][8] Future Guidance - PetroTal plans to provide more detailed guidance in January 2026 regarding its development program and production forecast [3][5]