PetroTal Corp.

Recent News

  • 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 2:00 AM EST
  • 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 2:00 AM EST
  • 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 2:00 AM EST
  • PetroTal Advises of Gran Tierra Ownership Reduction

    Calgary, Alberta and Houston, Texas--(Newsfile Corp. - January 25, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") advises that, as announced by Gran Tierra Energy Inc. ("GTEI") on January 20, 2021, Gran Tierra Resources Limited ("GTRL") has sold an aggregate of 109,006,250 common shares in the Company ("Common Shares"). The Company understands that multiple entities purchased the shares sold by GTRL and that, following the sale, GTRL continues to hold 137,093,750 Common Shares, representing 16.8%...

    2021-01-25 2:00 AM EST
  • PetroTal Announces Completion of Arrangement with Petroperu, and Two Year Extension of Oil Sales Contract

    Calgary, Alberta and Houston, Texas--(Newsfile Corp. - January 19, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce that it has executed final agreements with PETROPERU S.A. ("Petroperu") to complete the restructuring (the "Arrangement") of the contingent liability referenced in PetroTal's June 12, 2020 press release and to extend the oil sales contract with Petroperu ("Oil Sales Contract") for an additional two years.HighlightsOil sales to Petroperu under the Oil Sales Contract for deliveries...

    2021-01-19 2:00 AM EST
  • PetroTal Announces Contemplated $100 Million Bond Issue and Operations Update

    Calgary, Alberta and Houston, Texas--(Newsfile Corp. - January 12, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce that it has mandated Pareto Securities AS to arrange a series of fixed income investor virtual meetings commencing January 14, 2021.Subject to, inter alia, market conditions, a new USD 100 million senior secured three year bond issue (the "Bond Issue") may follow. The proceeds of the potential Bond Issue will be used to settle...

    2021-01-12 2:00 AM EST
  • PetroTal Q4 2020 Operations Update

    Calgary, Alberta and Houston, Texas--(Newsfile Corp. - January 7, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce that following the recommencement of operations of Petroperu's Northern Oil Pipeline ("ONP"), oil production at the Bretana oil field is currently at 9,500 barrels per day ("bopd") and expected to reach 10,000 bopd in the next few days. Total oil production for 2020 was 2.08 million barrels (5,675 bopd), as compared to 1.5 million...

    2021-01-07 2:00 AM EST
  • PetroTal Completes First Oil Export Sale through Brazilian Terminal

    Calgary, Alberta and Houston, Texas--(Newsfile Corp. - December 30, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce the first export of Bretana oil into the Atlantic region through Brazil. This provides PetroTal with an additional option to monetize oil sales, beyond the Company's existing important sales arrangements with Petroperu using the Northern Oil Pipeline ("ONP"), and to the Iquitos refinery. This will facilitate future oil production growth when the Company continues...

    2020-12-30 2:00 AM EST