PetroTal Corp.

Recent News

  • PetroTal Announces Q1 2021 Operations Update

    Calgary, Alberta and Houston, Texas--(Newsfile Corp. - April 7, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce the following operational update for Q1 2021. All currency amounts are in United States dollars (unless otherwise stated).Highlights:PetroTal has commenced its 2021 drilling program by spudding the first well ("7D") on March 29, 2021, with expected completion the first week of May 2021;Successfully completed the workover of well 4H on time and under budget;Continued...

    2021-04-07 2:00 AM ET
  • PetroTal Announces Oil Sales and Risk Management Update

    Calgary, Alberta and Houston, Texas--(Newsfile Corp. - March 31, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce the second export of Bretana crude oil into the Atlantic region through Brazil and the execution of crude oil price derivative contracts. All currency amounts are in United States dollars (unless otherwise stated). Highlights:PetroTal has completed the initial implementation of its oil price hedging program for 2021. Approximately 590,000 barrels have been hedged,...

    2021-03-31 2:00 AM ET
  • PetroTal Announces Updated Investor Presentation

    Calgary, Alberta and Houston, Texas--(Newsfile Corp. - March 1, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce that an updated investor presentation is now available on the Company's website at www.petrotal-corp.com. The updated investor presentation includes the recently announced 2021 budget and 2020 year-end reserve report.ABOUT PETROTALPetroTal is a publicly traded, dual‐quoted (TSXV: TAL) and (AIM: PTAL) oil and gas development and production company domiciled in Calgary, Alberta, focused on the development...

    2021-03-01 3:00 AM ET
  • PetroTal Announces Grant of Performance Share Units

    Calgary, Alberta and Houston, Texas--(Newsfile Corp. - February 26, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") announces the annual grant of performance share units ("PSUs") to officers and employees of the Company. PetroTal granted an aggregate of 14,205,198 PSUs, of which 7,463,529 are to officers of the Company in accordance with the provisions of the Company's PSU plan. The PSUs to the officers will vest three years from the date of grant and each...

    2021-02-26 3:00 AM ET
  • PetroTal Announces 2020 Year-End Oil Reserves

    7% increase in 2P Reserves to 51.0 million barrels and 25% increase in 3P Reserves to 106.1 million barrelsCalgary, Alberta and Houston, Texas--(Newsfile Corp. - February 24, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company"), a Peruvian focused E&P company, is pleased to announce the results of its 2020 year-end reserve evaluation by Netherland, Sewell & Associates, Inc. ("NSAI") for the Bretaña oil field, operated 100% by PetroTal. All currency amounts are in United States...

    2021-02-24 3:00 AM ET
  • PetroTal Announces 2021 Capital Budget of US$100 million

    Calgary, Alberta and Houston, Texas--(Newsfile Corp. - February 18, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce its 2021 capital program of US$100 million. The program will be fully funded from the recently announced US$100 million bond issue, supplemented with funds generated from operations and existing cash resources. The drilling focused development program is expected to start in March 2021 and continue through December 2021. The program is designed...

    2021-02-18 3:00 AM ET
  • PetroTal Announces Completion of US$100 Million Senior Secured Bond Issue

    Calgary, Alberta and Houston, Texas--(Newsfile Corp. - February 17, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce that on February 16, 2021 it completed the issuance of the US$100 million issue of senior secured bonds, previously announced on February 2, 2021. The new bond issue will be PetroTal's only interest bearing debt and will be used to retire the existing derivative liability with Petroperu, continue development of the Bretana oil field,...

    2021-02-17 3:00 AM ET
  • PetroTal Announces Successful US$100 Million Bond Issue

    Calgary, Alberta and Houston, Texas--(Newsfile Corp. - February 2, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") announces that it has successfully completed the placement of a 3-year US$100 million senior secured bond (as announced on January 12, 2021) with a fixed coupon of 12% and a borrowing limit of $125 million (the "Bond").PetroTal intends to use the net proceeds from the Bond to repay all existing outstanding loans (in particular the restructured derivative liability with...

    2021-02-02 3:00 AM ET