PetroTal Announces Completion of 8H Horizontal Well with Record Production of Nearly 8,000 Barrels of Oil per Day
Alberta and Houston, Texas--(Newsfile Corp. - September 15, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTC Pink: PTALF) ("PetroTal" or the "Company") has completed the BN-8H ("8H") well, PetroTal's fourth horizontal well in the Bretana oil field. Bretana field achieves record production of approximately 15,400 bopd PetroTal commenced production of its fourth horizontal well 8H on September 4, 2021 with unrestricted flow rates of approximately 7,600 barrels of oil per day ("bopd") over a...
2021-09-15 2:00 AM EDT
PetroTal Announces Q2 2021 Financial and Operating Results
Alberta and Houston, Texas--(Newsfile Corp. - August 26, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce its financial and operating results for the six ("H1") and three months ("Q2") ended June 30, 2021. Selected financial and operational information is outlined below and should be read in conjunction with the Company's unaudited consolidated financial statements ("Financial Statements"), and management's discussion and analysis ("MD&A")...
2021-08-26 2:00 AM EDT
PetroTal Announces Q2 2021 Operations Update
Alberta and Houston, Texas--(Newsfile Corp. - July 20, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce the following operational update for Q2 2021. All currency amounts are in United States dollars (unless otherwise stated). Highlights: Q2 2021 production averaged 8,825 barrels of oil per day ("bopd") which was 2% higher than guidance of 8,655 bopd; PetroTal completed its second water disposal well ("3WD"), thereby potentially doubling its...
2021-07-20 2:00 AM EDT
PetroTal Announces Q1 2021 Financial and Operating Results
Alberta and Houston, Texas--(Newsfile Corp. - May 31, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce its financial and operating results for the three months ("Q1") ended March 31, 2021. Selected financial and operational information is outlined below and should be read in conjunction with the Company's unaudited consolidated financial statements ("Financial Statements"), management's discussion and analysis ("MD&A") for the quarter ended...
2021-05-31 7:00 PM EDT
PetroTal Provides an Operational and Corporate Update
Alberta and Houston, Texas--(Newsfile Corp. - May 12, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce the following operational and corporate update. All currency amounts are in United States dollars ("USD"), unless otherwise stated. Highlights The 7D well has been successfully drilled and completed, flowing at an initial rate of approximately 3,700 barrels of oil per day (bopd) during its first 10 days of production, and has averaged...
2021-05-12 2:00 AM EDT
PetroTal Announces 2020 Year-End Financial and Operating Results
Alberta and Houston, Texas--(Newsfile Corp. - April 22, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce its financial and operating results for the year and the three months ("Q4") ended December 31, 2020. Selected financial, reserves and operational information is outlined below and should be read in conjunction with the Company's audited consolidated financial statements ("Financial Statements"), management's discussion and analysis...
2021-04-22 2:00 AM EDT
PetroTal Provides Risk Management Update
Alberta and Houston, Texas--(Newsfile Corp. - April 20, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce the following risk management update. All currency amounts are in United States dollars ("USD"), unless otherwise stated. Highlights: Further to the Company's press release dated March 31, 2021, the remaining 1.4 million barrels of oil in the North Peruvian Pipeline ("ONP") have now been hedged by Petro
2021-04-20 2:00 AM EDT
PetroTal Announces Q1 2021 Operations Update
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...
2021-04-07 2:00 AM EDT
PetroTal Announces Oil Sales and Risk Management Update
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...
2021-03-31 2:00 AM EDT
PetroTal Announces Updated Investor Presentation
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 PETROTAL PetroTal is a publicly traded, dual‐quoted (TSXV: TAL) and (AIM: PTAL) oil and gas development and production...
2021-03-01 2:00 AM EST
PetroTal Announces Grant of Performance Share Units
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 PSU will entitle...
2021-02-26 2:00 AM EST
PetroTal Announces 2020 Year-End Oil Reserves
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 dollars (unless otherwise stated) and comparisons refer to December 31, 2019. HIGHLIGHTS: Proved ("1P")...
2021-02-24 2:00 AM EST
PetroTal Announces 2021 Capital Budget of US$100 million
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...
2021-02-18 2:00 AM EST
PetroTal Announces Completion of US$100 Million Senior Secured Bond Issue
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
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...
2021-02-02 2:00 AM EST
PetroTal Advises of Gran Tierra Ownership Reduction
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...
2021-01-25 2:00 AM EST
PetroTal Announces Completion of Arrangement with Petroperu, and Two Year Extension of Oil Sales Contract
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. Highlights Oil sales to...
2021-01-19 2:00 AM EST
PetroTal Announces Contemplated $100 Million Bond Issue and Operations Update
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 in full...
2021-01-12 2:00 AM EST
PetroTal Q4 2020 Operations Update
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 barrels...
2021-01-07 2:00 AM EST
PetroTal Completes First Oil Export Sale through Brazilian Terminal
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...
2020-12-30 2:00 AM EST