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 Reopened On 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 changes On 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"), and management's discussion and...
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 highlights Well 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 Production PetroTal'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, 2022 The 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. - August 25, 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 June 30, 2022 ("Q2 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...
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 Highlights Q2 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 production June 30, 2022, and has averaged...
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...
2022-05-26 2:00 AM EDT
PetroTal to Release Q1 2022 Results on May 26, 2022, Along with an Investor Webcast
Alberta and Houston, Texas--(Newsfile Corp. - May 19, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce that Q1 2022 results will be released on May 26, 2022, along with an extended investor webcast. Additionally, the Company commenced drilling the 11H well on May 7, 2022. Commenced drilling well 11H. On May 7, 2022, PetroTal commenced drilling well 11H, which has an approximate cost of $13.5 million, a total depth of around...
2022-05-19 5:37 PM EDT
PetroTal Announces 2021 Year-End Financial and Operating Results
Alberta and Houston, Texas--(Newsfile Corp. - April 28, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce its financial and operating results for the year and three months ("Q4") ended December 31, 2021. 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...
2022-04-28 2:00 AM EDT
PetroTal Announces Social and Operational Updates
Alberta and Houston, Texas--(Newsfile Corp. - April 7, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce a signed government agreement to end the social protest, previously announced on March 3, 2022, and recommencement of production and oil sales upon opening of the loading dock. Protest Conclusion On Wednesday April 6, 2022, Peruvian government officials reached an agreement with the Asociación Indigena de Desarrollo y...
2022-04-07 2:00 AM EDT
PetroTal Announces Grant of Performance Share Units
Alberta and Houston, Texas--(Newsfile Corp. - March 18, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) and (OTCQX: PTALF) ("PetroTal" or the "Company") announces the annual grant of performance share units ("PSUs") to employees and officers of the Company. 2022 PSU Issuance PetroTal granted an aggregate of 4,993,859 PSUs, of which 3,169,560 are to officers of the Company in accordance with the provisions of the Company's PSU plan. The PSUs issued to the officers will vest three years from the...
2022-03-18 2:00 AM EDT
PetroTal Advises of Reduced Production Level Due to Social Unrest
Alberta and Houston, Texas--(Newsfile Corp. - March 3, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") advises that it has reduced production to ensure field safety and manage storage levels due to social protests at PetroTal's loading dock. On February 28, 2022 a small group from the Asociación Indígena de Desarrollo y Conservación de Bajo Puinahua ("AIDECOBAP") commenced gathering outside the Bretana oilfield that led to access to the Company's...
2022-03-03 11:48 AM EST
PetroTal Announces TSX Venture Exchange Recognition and Bond Update
Alberta and Houston, Texas--(Newsfile Corp. - February 28, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce that it has been recognized as one of the top 50 performing TSX-V listed issuers, ranking tenth in the energy industry sector. All amounts are quoted in US dollars. TSX Venture 50 The 2022 Venture 50 is an annual program of the TSX Venture Exchange that recognizes the top performing TSXV-listed companies from five...
2022-02-28 2:00 AM EST
PetroTal Announces a 2022 Capital Budget of US $120 million
Alberta and Houston, Texas--(Newsfile Corp. - February 22, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce a fully funded 2022 capital program of $120 million that is expected to generate material free cash flow, allowing for an expected resumption of a dividend to shareholders by Q4 2022. All amounts are quoted in US dollars. 2022 Key Highlights Invest $75 million in drilling and completing four horizontal development wells...
2022-02-22 2:00 AM EST
PetroTal Announces Significant Increases in 2021 Year-End Oil Reserves
Alberta and Houston, Texas--(Newsfile Corp. - February 15, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce the results of its 2021 year-end reserve evaluation by Netherland, Sewell & Associates, Inc. ("NSAI") for the Bretana oil field, operated 100% by PetroTal (the "NSAI Report"). All currency amounts are in United States dollars (unless otherwise stated) and comparisons refer to December 31, 2020. Highlights:
2022-02-15 2:00 AM EST
PetroTal Announces a Record Ten Day Production Level for Well 10H of 10,050 bopd
Alberta and Houston, Texas--(Newsfile Corp. - February 10, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce the Company's well 10H ("10H"), which commenced production on January 30, 2022, has set a new internal daily production record with an average standalone 10 day production level of 10,050 bopd. Well 10H on Production Well 10H has produced an average of 10,050 bopd over the last ten days ending February 9, 2022, with the...
2022-02-10 2:00 AM EST