PetroTal Announces 2023 Grant of Performance Share Units, Common Shares Issued and Total Voting Rights
Alberta and Houston, Texas--(Newsfile Corp. - April 6, 2023) - 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, and the issue of new Common Shares pursuant to the Company's 2022 PSU grants.2023 PSU grantsPetroTal has granted an aggregate of 5,884,250 PSUs, of which 3,523,786 PSUs...
2023-04-06 2:00 AM EDT
PetroTal Announces 2022 Year-End Financial and Operating Results
Delivered annual average production of 12,200 bopd representing a 36% growth rate over 2021Increased 2022 2P reserves to 97 million barrels (24%) and after tax NPV-10 to US$1.75/share (46%)Established a new record production level of over 26,000 bopdGenerated 2022 free funds flow of $162 million (~38% of exit 2022 market capitalization)Brought four highly productive horizontal oil wells online in 2022 to exit the year with 20,000 bopdBonds now fully repaid and return of capital program...
2023-03-30 2:00 AM EDT
PetroTal Announces Operations Update and TSX Venture Exchange Recognition
Alberta and Houston, Texas--(Newsfile Corp. - March 9, 2023) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased...
2023-03-09 2:00 AM EST
PetroTal Announces Graduation to the Toronto Stock Exchange
Alberta and Houston, Texas--(Newsfile Corp. - February 14, 2023) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce that it has received final approval to list its common shares ("Common Shares") on the Toronto Stock Exchange ("TSX").Manuel Pablo Zuniga-Pflucker, President and Chief Executive Officer, commented:"PetroTal has delivered considerable value for its stakeholders in a short period of time being listed on the TSX Venture...
2023-02-14 2:00 AM EST
PetroTal Announces Significant Increases in 2022 Year-End Oil Reserves
46% increase in 2P reserves value per share to USD$1.75 (CAD$2.29) (GBP1.39)2P estimated ultimate recovery now over 108 million barrelsStrong 1P and 2P reserves replacement ratios of 179% and 418%, respectively 24% increase in 2P reserves to 96.7 million barrels21% increase in 1P Reserves to 45.4 million barrels Added 7 2P well locations, a 32% increase, extending the 2P reserve life to 22 years2P after tax NPV-10 value increased 48% since year end 2021 to more than $1.5 billion Calgary,...
2023-02-01 2:00 AM EST
PetroTal's Second Annual ESG Report: Responsible, Material, and Sustainable ESG Initiatives
Alberta and Houston, Texas--(Newsfile Corp. - January 26, 2023) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce the release of PetroTal's 2021 ESG Report, which has been posted on the Company's website (www.petrotal-corp.com).PetroTal is committed to providing a sustainable business plan that delivers meaningful opportunities for all stakeholders, which includes; dedicating significant attention, consideration and resources to...
2023-01-26 2:00 AM EST
PetroTal Announces 2023 Capital Investment Budget of US$125 million
Alberta and Houston, Texas--(Newsfile Corp. - January 16, 2023) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce a fully funded 2023 capital investment program of $125 million that is expected to generate significant after-tax, pre...
2023-01-16 2:00 AM EST
PetroTal Announces Initial Production for Well 12H and Other Corporate Updates
Alberta and Houston, Texas--(Newsfile Corp. - December 28, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce the successful testing results of well 12H, the Company's fourteenth producing well at the Bretana oil field.Well 12H highlightsWell 12H has tested naturally, off pump, at approximately 2,900 barrels of oil per day ("bopd") over its first 10 days of production since December 16, 2022;Current production of well 12H, under...
2022-12-28 2:00 AM EST
PetroTal Announces Warrant Exercises, PSU Share Issuance and Total Voting Rights
Alberta and Houston, Texas--(Newsfile Corp. - December 20, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) and (OTCQX: PTALF) ("PetroTal" or the "Company") announces the exercise of Performance Warrants and issuance of Common Shares to employees pursuant to annually vested performance share unit plan ("PSU").Exercise of Performance WarrantsPetroTal received notices to exercise 389,384 (net basis) Performance Warrants at a price of US$0.1869 per Common Share. Following the warrant exercises,...
2022-12-20 2:00 AM EST
PetroTal Issues Corporate Update Regarding River Access
Alberta and Houston, Texas--(Newsfile Corp. - December 15, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce the following corporate update.River Transportation ReopenedOn December 14, 2022, the Asociacion Indigena de Desarrollo y Conservacion de Bajo Puinahua ("AIDECOBAP") removed the river blockade to allow oil barge transportation access in and out of the Company's operating area coinciding with positive working table...
2022-12-15 2:00 AM EST
PetroTal Issues Various Corporate Updates
Alberta and Houston, Texas--(Newsfile Corp. - December 9, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) and (OTCQX: PTALF) ("PetroTal" or the "Company") announces the following corporate updates.Peruvian political changesOn December 7, 2022, the Peruvian Congress voted to remove Mr. Pedro Castillo as President of Peru. Pursuant to Peruvian constitutional law, the Vice-President, Ms. Dina Boluarte assumes the Presidency. Following this change, there will be a reassessment of all government...
2022-12-09 2:00 AM EST
PetroTal Announces Q3 2022 Financial and Operating Results
Alberta and Houston, Texas--(Newsfile Corp. - November 17, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2022 ("Q3 2022").Selected financial and operational information is outlined below and should be read in conjunction with the Company's unaudited consolidated financial statements ("Financial Statements"),...
2022-11-17 2:00 AM EST
PetroTal Announces Robust Initial Production For Well 13H
Alberta and Houston, Texas--(Newsfile Corp. - November 3, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce the successful testing results of well 13H, the Company's thirteenth producing well.Well 13H highlightsWell 13H has successfully tested at approximately 8,000 barrels of oil per day ("bopd") over its first week of production, placing it in the top horizonal producers drilled by the Company, with the November 2, 2022 rate...
2022-11-03 2:00 AM EDT
PetroTal Announces Q3 2022 Operations and Liquidity Update
Alberta and Houston, Texas--(Newsfile Corp. - October 13, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce the following operational and corporate updates.Q3 2022 ProductionPetroTal's Q3 oil production was approximately 1.12 million barrels, representing 12,229 barrels of oil per day ("bopd"), which was the Company's second best producing quarter to date. The current technical production capacity of the Bretana oilfield is...
2022-10-13 2:00 AM EDT
PetroTal Announces Results of Shareholders' Meeting, Director Dealing, TVR and Other Corporate Items
Alberta and Houston, Texas--(Newsfile Corp. - September 20, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce that all matters presented for approval at the annual special meeting of shareholders held on September 15, 2022 have been fully authorized and approved. Annual General and Special Meeting on September 15, 2022The Company welcomes two new directors (Messrs. Carranza and Harris), and thanks retiring directors (Messrs....
2022-09-20 2:00 AM EDT
PetroTal Announces Additional Director Nominees & Retirements for Upcoming Shareholder Meeting and Provides Virtual Meeting Details
Alberta and Houston, Texas--(Newsfile Corp. - September 7, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce Messrs. Luis Carranza and Jon Harris as additional director nominees for election at the upcoming shareholder meeting ("AGM") to be held on Wednesday, September 15, 2022 at 10:00 am Mountain Time, 15:00 UK time.In addition, the Company is also announcing the retirement of Messrs. Gary Guidry and Ryan Ellson, who will not...
2022-09-07 2:00 AM EDT
PetroTal Announces Q2 2022 Financial and Operating Results
Alberta and Houston, Texas--(Newsfile Corp. -...
2022-08-25 2:00 AM EDT
PetroTal Provides Q2 2022 Operations and Liquidity Update
Alberta and Houston, Texas--(Newsfile Corp. - July 5, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to provide the following updates:Key HighlightsQ2 2022 production averaged approximately 14,500 barrels of oil per day ("bopd"), a new quarterly record, representing 7% above revised guidance provided on May 26, 2022, the seventh straight quarter of production growth;Well 11H was put on...
2022-07-05 2:00 AM EDT
PetroTal Announces Sales Update
Alberta and Houston, Texas--(Newsfile Corp. - June 16, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce the following sales related update.720,000 barrels of oil under contract for export from Bayovar. Approximately 720,000 barrels of PetroTal's Bretana oil has now been successfully tendered at the Bayovar port by Petroperu for the July lifting. Following an accelerated and temporary re-opening of section II of the Northern...
2022-06-16 2:00 AM EDT
PetroTal Announces Q1 2022 Financial and Operating Results
Alberta and Houston, Texas--(Newsfile Corp. - May 26, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2022 ("Q1 2022").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")...
2022-05-26 2:00 AM EDT