PetroTal Corp.

Recent News

  • PetroTal's Second Annual ESG Report: Responsible, Material, and Sustainable ESG Initiatives

    PetroTal Recognized for ESG EffortsConditional Approval Received for Graduation to the Toronto Stock ExchangeCalgary, Alberta and Houston, Texas--(Newsfile Corp. - January 26, 2023) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce the release of PetroTal's 2021 ESG Report, which has been posted on the Company's website (www.petrotal-corp.com).PetroTal is committed to providing a sustainable business plan that delivers meaningful opportunities for all stakeholders, which includes; dedicating significant attention, consideration and resources to...

    2023-01-26 2:00 AM EST
  • PetroTal Announces 2023 Capital Investment Budget of US$125 million

    Return of capital program that targets a minimum quarterly cash liquidity of US$50 millionDevelopment plan targeting average 2023 production between 14,000 and 15,000 bopdAnticipated 2023 EBITDA of $220 million at $84/bbl Brent oil forecast Calgary, Alberta and Houston, Texas--(Newsfile Corp. - January 16, 2023) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce a fully funded 2023 capital investment program of $125 million that is expected to generate significant after-tax, pre...

    2023-01-16 2:00 AM EST
  • PetroTal Announces Initial Production for Well 12H and Other Corporate Updates

    Calgary, Alberta and Houston, Texas--(Newsfile Corp. - December 28, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce the successful testing results of well 12H, the Company's fourteenth producing well at the Bretana oil field.Well 12H highlightsWell 12H has tested naturally, off pump, at approximately 2,900 barrels of oil per day ("bopd") over its first 10 days of production since December 16, 2022;Current production of well 12H, under natural flow, has increased...

    2022-12-28 2:00 AM EST
  • PetroTal Announces Warrant Exercises, PSU Share Issuance and Total Voting Rights

    Calgary, Alberta and Houston, Texas--(Newsfile Corp. - December 20, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) and (OTCQX: PTALF) ("PetroTal" or the "Company") announces the exercise of Performance Warrants and issuance of Common Shares to employees pursuant to annually vested performance share unit plan ("PSU").Exercise of Performance WarrantsPetroTal received notices to exercise 389,384 (net basis) Performance Warrants at a price of US$0.1869 per Common Share. Following the warrant exercises, the Company will have no further Performance Warrants outstanding. ...

    2022-12-20 2:00 AM EST
  • PetroTal Issues Corporate Update Regarding River Access

    Calgary, Alberta and Houston, Texas--(Newsfile Corp. - December 15, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce the following corporate update.River Transportation ReopenedOn December 14, 2022, the Asociacion Indigena de Desarrollo y Conservacion de Bajo Puinahua ("AIDECOBAP") removed the river blockade to allow oil barge transportation access in and out of the Company's operating area coinciding with positive working table discussions held on December 14, 2022 where the Junta of...

    2022-12-15 2:00 AM EST
  • PetroTal Issues Various Corporate Updates

    Calgary, Alberta and Houston, Texas--(Newsfile Corp. - December 9, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) and (OTCQX: PTALF) ("PetroTal" or the "Company") announces the following corporate updates.Peruvian political changesOn December 7, 2022, the Peruvian Congress voted to remove Mr. Pedro Castillo as President of Peru. Pursuant to Peruvian constitutional law, the Vice-President, Ms. Dina Boluarte assumes the Presidency. Following this change, there will be a reassessment of all government Ministers before a new cabinet is named....

    2022-12-09 2:00 AM EST
  • PetroTal Announces Q3 2022 Financial and Operating Results

    Strong balance sheet position$150 million of free cash flow delivered in nine months of 2022Calgary, Alberta and Houston, Texas--(Newsfile Corp. - November 17, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2022 ("Q3 2022").Selected financial and operational information is outlined below and should be read in conjunction with the Company's unaudited consolidated financial statements ("Financial Statements"),...

    2022-11-17 2:00 AM EST
  • PetroTal Announces Robust Initial Production For Well 13H

    Calgary, Alberta and Houston, Texas--(Newsfile Corp. - November 3, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce the successful testing results of well 13H, the Company's thirteenth producing well.Well 13H highlightsWell 13H has successfully tested at approximately 8,000 barrels of oil per day ("bopd") over its first week of production, placing it in the top horizonal producers drilled by the Company, with the November 2, 2022 rate at 7,825...

    2022-11-03 2:00 AM EDT