PetroTal Completes Third Horizontal Well at the Bretana Oil Field
Alberta and Houston, Texas--(Newsfile Corp. - April 21, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to provide an update on its operations and production at the Bretana oil field in Block 95 in Peru (100% working interest), together with a wider Company financing update. All monetary amounts in this release are in United States dollars. HIGHLIGHTS The BN 95-6H horizontal well ("6H") came online on April 10, 2020 and is currently producing approximat
2020-04-21 2:00 AM EDT
PetroTal Provides Liquidity Update
Alberta and Houston, Texas--(Newsfile Corp. - March 10, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company"), the Peruvian focused E&P company, notes the following in relation to the global retraction in oil prices, and global market decline. All currency amounts are in United States dollars. Financial Impact In response to the sudden reduction in the Brent oil price, PetroTal has completed a sensitivity assessment of funds available from operations ("netback") at...
2020-03-10 2:00 AM EDT
PetroTal Announces Updated Corporate Presentation and TSX Venture Exchange Recognition
Alberta and Houston, Texas--(Newsfile Corp. - February 27, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company"), the Peruvian focused E&P company, is pleased to announce that an updated corporate presentation is now available on the Company's website at www.petrotal-corp.com. Additionally, PetroTal is delighted to be recognized as one of the top 50 performing TSXV-listed issuers, ranking first in the energy industry sector. The 2020 Venture 50 The 2020 Venture 50 is an...
2020-02-27 2:00 AM EST
PetroTal Announces 2019 Year-End Oil Reserves and Operational Update
Alberta and Houston, Texas--(Newsfile Corp. - February 18, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company"), the Peruvian focused E&P company, is pleased to announce the results of its 2019 year-end reserve evaluation by Netherland, Sewell & Associates, Inc. ("NSAI") for the Bretaña oil field, operated 100% by PetroTal, and to provide an update on current activity and production. All currency amounts are in United States dollars (unless otherwise stated), and...
2020-02-18 2:00 AM EST
PetroTal announces fully funded 2020 Capital Budget of US$99 million
Alberta and Houston, Texas--(Newsfile Corp. - January 21, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company"), the Peruvian focused E&P company, is pleased to announce its 2020 capital program of US$99 million, expected to be fully funded with funds generated from operations and existing cash resources. This capital program will allow PetroTal to become a free cash-flowing company and reach 20,000 barrels of oil per day ("bopd") from the Bretaña oil field, operated...
2020-01-21 2:00 AM EST
PetroTal Announces 2019 Year-end Oil Production of 13,300 bopd
Alberta and Houston, Texas--(Newsfile Corp. - January 13, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company"), the Peruvian focused E&P company, is pleased to announce 2019 year-end production of 13,300 barrels of oil per day ("bopd") from the Bretaña oil field, operated 100% by PetroTal. 2019 OIL PRODUCTION The Company achieved 2019 exit rate production of 13,300 bopd and has averaged 12,500 bopd for the first eleven days of 2020. Average oil production from the...
2020-01-13 2:00 AM EST
PetroTal Announces Oil Sales Contract with PETROPERU S.A.
Alberta and Houston,Texas--(Newsfile Corp. - December 27, 2019) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company"), the Peruvian focused E&P company, is pleased to announce an oil sales contract with PETROPERU S.A. ("Petroperu"), a state owned company, for oil production from the Bretaña oil field, operated 100% by PetroTal. Commissioning of the central production facility is underway, and oil production has surpassed 10,000 barrels of oil per day ("bopd") from the Bretaña...
2019-12-27 2:00 AM EST
PetroTal Appoints Two New Independent Directors
Alberta and Houston, Texas--(Newsfile Corp. - December 19, 2019) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce the appointment of Eleanor Barker and Roger Tucker as Independent Non-Executive Directors, effective today. Ms. Barker has over 25 years' experience in the international oil and gas business. She is currently the President of Barker Oil Strategies Inc., an oil and gas investment and consulting company, and Chair of the Audit Committee...
2019-12-19 2:00 AM EST
PetroTal Completes Second Horizontal Well and Achieves New Record Production at Bretaña Oil Field
Alberta and Houston, Texas--(Newsfile Corp. - December 16, 2019) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("
2019-12-16 2:00 AM EST
PetroTal Announces Grant of Performance Share Units
Alberta and Houston, Texas--(Newsfile Corp. - December 13, 2019) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") announces the grant of performance share units ("PSUs") to officers and employees of the Company. The Company has granted an aggregate of 8,441,659 PSUs, of which 4,489,013 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...
2019-12-13 2:00 AM EST
PetroTal Announces Declaration of Dividend
Alberta and Houston, Texas--(Newsfile Corp. - December 12, 2019) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce that the Company's board of directors has declared an interim dividend in respect of the common shares in the capital of PetroTal (the "Common Shares") to shareholders of record at the close of business on December 20, 2019 (the "Record Date"). The interim dividend will be CAD$0.0017 (£0.001) cash for each Common Share, subject to...
2019-12-12 2:00 AM EST
PetroTal Announces Change of Joint Broker
Alberta and Houston, Texas--(Newsfile Corp. - December 9, 2019) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") announces that, following the acquisition of the business and assets of FirstEnergy Capital LLP ("GMP FirstEnergy") by Stifel Nicolaus Europe Limited ("Stifel"), the Company's joint corporate brokers are now Stifel and Numis Securities Limited. Strand Hanson Limited continues to act as the Company's Nominated & Financial Adviser.
2019-12-09 2:00 AM EST
PetroTal Provides Increased 2019 Exit Oil Production Rate of 11,000 - 13,000 BOPD
Alberta and Houston, Texas--(Newsfile Corp. - November 25, 2019) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce that drilling of the Company's second horizontal well ("5H"), located on the Bretaña field, Peru, is progressing according to budget and timeline. The well reached the target Vivian formation at the prognosed vertical depth of 2,696 meters and 700 meters of the planned 870 meters horizontal section have been drilled, which is inside the...
2019-11-25 2:00 AM EST
PetroTal Announces Third Quarter Financial Results and Operations Update
Alberta and Houston, Texas--(Newsfile Corp. - November 19, 2019) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("
2019-11-19 2:00 AM EST
PetroTal Enhances Financial Leadership
Alberta and Houston, Texas--(Newsfile Corp. - November 4, 2019) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce the addition of Mr. Douglas Urch, a seasoned financial executive, as Executive Vice President and Chief Financial Officer of the Company, effective immediately. PetroTal continues to benefit from successful drilling and operations and, by enhancing its financial leadership, the Company is preparing for further growth, especially now that...
2019-11-04 2:00 AM EST
PetroTal Announces Second Quarter Financial Results and Operations Update
Alberta and Houston, Texas--(Newsfile Corp. - August 29, 2019) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to provide a summary of its financial and operating results as of June 30, 2019. 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") for the three and six months ended...
2019-08-29 2:30 AM EDT
PetroTal Successfully Converts Water Disposal Well to Oil Producer with Uplift of 2,700 Barrels of Oil per Day
Alberta and Houston, Texas--(Newsfile Corp. - August 21, 2019) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to provide an update in respect of its operations and production at the Bretaña field in Block 95 (PetroTal: 100% Working Interest) in Peru. HIGHLIGHTS Company has successfully completed
2019-08-21 2:00 AM EDT
PetroTal Announces Presentation at The Oil and Gas Conference
Alberta and Houston, Texas--(Newsfile Corp. - August 13, 2019) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company"), a development and production company focused on oil assets in Peru, is attending and presenting at The Oil and Gas Conference in Denver, Colorado. Manolo Zuniga, President and Chief Executive Officer, is scheduled to present today at 3:30 pm Mountain time. The presentation will be webcast and available at the conference website...
2019-08-13 10:30 AM EDT
PetroTal Corp. Provides Quarterly Operations Update
Alberta and Houston, Texas--(Newsfile Corp. - July 11, 2019) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to provide an update in respect of its operations and production at the Bretaña field in Block 95 (PetroTal: 100% Working Interest) in Peru. HIGHLIGHTS BN 95-3D well (the "3D"), which came online mid-June 2019 with initial production of 3,500 barrels of oil per day ("BOPD") and averaged 2,875 BOPD over the first 24 days of production Full field Bretaña...
2019-07-11 2:00 AM EDT
PetroTal Corp Provides Operations Update
Alberta and Houston, Texas--(Newsfile Corp. - June 18, 2019) - PetroTal Corp (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce the third oil well in the Bretaña field is online, bringing total field current production to over 5,000 barrels of oil per day ("BOPD"). HIGHLIGHTS BN 95-3D well had initial production of 3,500 BOPD Full field Bretaña production is now over 5,000 BOPD, in line with guidance Deviated completion to optimize cash flow, with option to sidetrack...
2019-06-18 4:30 PM EDT