PetroTal Announces Renewal of Share Buyback Program and Other Corporate Updates
Alberta and Houston, Texas--(Newsfile Corp. - May 22, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce leadership team enhancements, the renewal of its normal course issuer bid (the "NCIB") of approximately US$3 million per quarter (up to a maximum of US$12 million), following approval by the Toronto Stock Exchange ("TSX"), and other corporate updates. Leadership Team Enhancements Effective May 15, 2024, Mr. Sudan I. Maccio...
2024-05-22 2:00 AM EDT
PetroTal Announces 2024 Grant of Performance Share Units
Alberta and Houston, Texas--(Newsfile Corp. - May 10, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") announces the annual grant of performance share units ("PSUs") to employees and officers of the Company, in accordance with the Company's performance and restricted share unit plan. 2024 PSU grants PetroTal has granted an aggregate of 6,372,974 PSUs, of which 3,526,270 PSUs are to Officers. The PSUs issued to the Officers will vest three years from...
2024-05-10 2:00 AM EDT
PetroTal Announces Q1 2024 Financial and Operating Results
Alberta and Houston, Texas--(Newsfile Corp. - May 9, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to report its operating and financial results for the three months ended March 31, 2024 ("Q1"). Selected financial and operational information is outlined below and should be read in conjunction with the Company's unaudited consolidated financial statements and management's discussi
2024-05-09 2:00 AM EDT
PetroTal Announces Strategic Acquisition of Block 131 in Peru
Alberta and Houston, Texas--(Newsfile Corp. - May 8, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce the execution of a definitive agreement (the "Acquisition Agreement") to acquire a 100% working interest in Peru's Block 131, including the producing Los Angeles field, through the acquisition of CEPSA Peruana, S.A.C. ("CEPSA Peru"), which represents the entire Peruvian business unit of Compania Española de Petroleos S.A.U....
2024-05-08 2:00 AM EDT
PetroTal Announces Corporate Updates
Alberta and Houston, Texas--(Newsfile Corp. - April 24, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce leadership team updates. Chief Financial Officer Appointment Effective April 24, 2024, Mr. Camilo McAllister joins PetroTal as Executive Vice President and Chief Financial Officer. Camilo McAllister brings over 25 years of experience in the international energy sector to his role as a strategic executive of the Company. His...
2024-04-24 2:00 AM EDT
PetroTal Announces Q1 2024 Operations and Corporate Updates
Alberta and Houston, Texas--(Newsfile Corp. - April 11, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") announces the following operational, financial and corporate updates. All amounts are in US dollars unless stated otherwise. Q1 2024 Production PetroTal achieved average production of 18,518 barrels of oil per day ("bopd") in Q1 2024, in line with guidance. This represents an increase of approximately 23% and 54% from Q4 2023 and Q1 2023,...
2024-04-11 2:00 AM EDT
PetroTal Announces PSU Share Issuance and Total Voting Rights
Alberta and Houston, Texas--(Newsfile Corp. - April 8, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") announces issuance of Common Shares to employees pursuant to the annually vested performance share unit plan ("PSU"). Shares issued for vested 2023 PSUs In recognition of 2023 KPIs achievement, the Company has issued an aggregate of 1,323,473 Common Shares to employees (none of which were issued to Officers) pursuant to the obligation to annually...
2024-04-08 2:00 AM EDT
PetroTal Announces Q4 and 2023 Financial and Operating Results
Alberta and Houston, Texas--(Newsfile Corp. - March 21, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to report its operating and audited financial results for the three ("Q4") and twelve months ended December 31, 2023 ("2023"). Selected financial and operational information is outlined below and should be read in conjunction wit
2024-03-21 2:00 AM EDT
PetroTal Announces Grant of Performance Share Units for Dividend Equivalents
Alberta and Houston, Texas--(Newsfile Corp. - March 18, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") announces the grant of performance share units ("PSUs") to employees and officers of the Company, in accordance with the Company's performance and restricted share unit plan. Q4 2023 dividend declaration and PSU Dividend Equivalents. As announced on February 13, 2024, the Company is pleased to confirm that a total dividend payment of approximately...
2024-03-18 2:00 AM EDT
PetroTal Announces Dividend Declaration
Alberta and Houston, Texas--(Newsfile Corp. - February 14, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce a dividend declaration of USD$0.02/share payable on March 15, 2024 based on Q4 2023 results and January 2024 liquidity test. Q4 2023 dividend declaration. Based on the Company's current liquidity exceeding USD$60 million, PetroTal confirms that a cash dividend of USD$0.02 per common share will be declared and paid in Q1...
2024-02-14 2:00 AM EST
PetroTal Announces 2023 Year-End Oil Reserves
Alberta and Houston, Texas--(Newsfile Corp. - February 12, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce the results of its 2023 year-end reserve evaluation (the "NSAI Report") by Netherland, Sewell & Associates, Inc. ("NSAI") for the Bretana oil field, operated
2024-02-12 2:00 AM EST
PetroTal Announces 2024 Budget and Other Corporate Updates
Alberta and Houston, Texas--(Newsfile Corp. - January 22, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") announces its fully funded 2024 budget. All amounts are in US dollars unless otherwise stated. Key 2024 Budget and drilling highlights Average 2024 production and sales target of 17,000 barrels of oil per day ("bopd"), expected to grow 2
2024-01-22 2:00 AM EST
PetroTal Announces Q4 2023 Operations and Corporate Updates
Alberta and Houston, Texas--(Newsfile Corp. - January 10, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") announces the following operational, financial and corporate updates. All amounts are in US dollars unless stated otherwise. Q4 2023 Production PetroTal achieved average production of 14,865 barrels of oil per day ("bopd") in Q4 2023 and 14,248 bopd for the year 2023. During the month of December, due to improved river levels fro
2024-01-10 2:00 AM EST
PetroTal Announces PSU Share Issuance and Total Voting Rights
Alberta and Houston, Texas--(Newsfile Corp. - January 5, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") announces issuance of Common Shares to employees pursuant to annually vested performance share unit plan ("PSU"). PSU Issue PetroTal has issued an aggregate of 6,959,115 Common Shares to employees pursuant to the annual obligation to issue vested performance share units under the Company's performance and restricted share unit plan, as approved by...
2024-01-05 2:00 AM EST
PetroTal Announces Grant of Performance Share Units for Dividend Equivalents
Alberta and Houston, Texas--(Newsfile Corp. - December 18, 2023) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") announces the grant of performance share units ("PSUs") to employees and officers of the Company, in accordance with the Company's performance and restricted share unit plan. PSU Dividend Equivalents for Q4 2023 PetroTal's PSU plan ("PSU)" includes a value make whole provision to all PSU holders when dividends are issued to shareholders. The...
2023-12-18 2:00 AM EST
PetroTal Announces Third Annual ESG Sustainability Report and Drilling Commencement of Well 16H
Alberta and Houston, Texas--(Newsfile Corp. - November 30, 2023) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") announces the release of its 2022 ESG Sustainability Report, which has been posted on the Company's website (www.petrotal-corp.com). 2022 marked another significant step forward in terms of ESG reporting and standards achieved, aligning key projects with the UN Sustainable Development Goals ("SDG") and improving the quality of life for many...
2023-11-30 2:00 AM EST
PetroTal Announces Q3 2023 Financial and Operating Results
Alberta and Houston, Texas--(Newsfile Corp. - November 13, 2023) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to report its operating and financial results for the three and nine months ended September 30, 2023 ("Q3"). Selected financial and operational information is outlined below and should be read in conjunction with the Company's unaudited consolidated financial statements and management's di
2023-11-13 2:00 AM EST
PetroTal Announces Q3 2023 Operations and Liquidity Update
Alberta and Houston, Texas--(Newsfile Corp. - October 16, 2023) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") announces the following operational and corporate updates. Q3 2023 Production PetroTal achieved production of 10,909 barrels of oil per day ("bopd") in Q3 2023 and is currently producing around 12,500 bopd. Production was lower than our guided 13,500 bopd as it was negatively impacted by lower than expected river levels that reduced barge...
2023-10-16 2:00 AM EDT
PetroTal Announces New Director
Alberta and Houston, Texas--(Newsfile Corp. - October 12, 2023) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce that Emily Morris has joined the PetroTal board of directors. Emily Morris Appointed to PetroTal's Board The Company welcomes Emily Morris, who was recently appointed to PetroTal's Board. Ms. Morris joins as an independent non-executive director, bringing over 20 years of experience in energy capital markets, M&A and ESG to...
2023-10-12 2:00 AM EDT
PetroTal Announces PSU Share Issuance and Total Voting Rights
Alberta and Houston, Texas--(Newsfile Corp. - September 29, 2023) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") announces issuance of Common Shares to employees pursuant to annually vested performance share unit plan ("PSU"). PSU Issue PetroTal has issued an aggregate of 752,833 Common Shares to employees pursuant to the annual obligation to issue vested performance share units under the Company's performance and restricted share unit plan, as approved...
2023-09-29 2:00 AM EDT