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...
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 ConclusionOn 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 IssuancePetroTal 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 50The 2022 Venture 50 is an annual program of the TSX Venture Exchange that recognizes the top performing TSXV-listed companies from five industry...
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....
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...
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 ProductionWell 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
PetroTal Announces TR-1 Notification of a New Major Shareholder - Fidelity International
Alberta and Houston, Texas--(Newsfile Corp. - January 27, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") advises that it has received a TR-1 Standard form for notification of major holdings from Fidelity International dated January 26, 2022.As indicated in the TR-1 form, as at January 24, 2022, Fidelity International held 42,315,097 shares of PetroTal representing approximately 5.1% total ownership. Based on 830,942,270 common shares outstanding,...
2022-01-27 2:00 AM EST
PetroTal Commences Trading on the OTCQX Market in the United States
Alberta and Houston, Texas--(Newsfile Corp. - January 19, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) and (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce that is has upgraded from the Pink market to the OTCQX Best Market in the U.S. under the ticker symbol PTALF. U.S. investors can now find current disclosures and Real-Time Level 2 quotes for the Company on the OTC Markets website.The OTCQX Best Market provides investors with a premium U.S. public market...
2022-01-19 9:30 AM EST
PetroTal Provides Q4 and Year-End 2021 Operations and Liquidity Update
Alberta and Houston, Texas--(Newsfile Corp. - January 17, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTC Pink: PTALF) ("PetroTal" or the "Company") is pleased to provide the following updates:Key HighlightsQ4 2021 production averaged 10,147 bopd, constrained by temporary oil delivery disruptions;Oil production for 2021 was 8,966 bopd, up 58% from 5,675 bopd for 2020;Wells 9H and 8H continue to perform significantly above internal expectations, with average production rates over the past...
2022-01-17 2:00 AM EST
PetroTal Provides Operational Update; Oil Production Reaches 20,000 bopd
Alberta and Houston, Texas--(Newsfile Corp. - December 16, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTC Pink: PTALF) ("PetroTal" or the "Company") is pleased to provide the following updates:Achieved 20,000 bopd Production LevelPetroTal has achieved a trailing 5-day unconstrained production rate ending December 15, 2021, of approximately 20,200 barrels of oil per day ("bopd"). With wells 8H and 9H producing over 6,300 bopd and 8,200 bopd respectively, PetroTal was able to achieve its...
2021-12-16 2:00 AM EST
PetroTal Announces Grant of Performance Share Units
Alberta and Houston, Texas--(Newsfile Corp. - December 10, 2021) - PetroTal Corp. ("PetroTal" or the "Company") announces the annual grant of performance share units ("PSUs") to officers and employees of the Company. The Company has granted an aggregate of 10,030,262 PSUs, of which 6,467,416 are to officers of the Company ("Officers") in accordance with the provisions of the Company's PSU plan. The PSUs issued to Officers will vest three years from the date of grant and each PSU...
2021-12-10 2:00 AM EST
PetroTal Announces a Peaceful Resolution to the Protest Near PetroTal's Loading Dock
Alberta and Houston, Texas--(Newsfile Corp. - December 6, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTC Pink: PTALF) ("PetroTal" or the "Company") is pleased to provide the following update:End of Social Protests at PetroTal's Loading DockFollowing recent announcements, PetroTal is pleased to announce an end to the social protests near PetroTal's oil loading facility. PetroTal's recently announced social initiatives contributed to the peaceful resolution. Barges from Brazil are...
2021-12-06 2:00 AM EST
PetroTal Advises of Strong Earthquake in Northern Peru
Alberta and Houston, Texas--(Newsfile Corp. - November 29, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTC Pink: PTALF) ("PetroTal" or the "Company") advises that a 7.5 magnitude earthquake hit northern Peru early Sunday November 28, 2021, with the epicenter approximately 98km from the town of Santa Maria de Nieva and 400km from Bretana. PetroTal's production facilities were not damaged, and the Company reported no injuries related to the earthquake. Earthquakes are relatively common in...
2021-11-29 2:00 AM EST
PetroTal Advises of Gran Tierra Share Ownership Reduction
Alberta and Houston, Texas--(Newsfile Corp. - November 26, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTC Pink: PTALF) ("PetroTal" or the "Company") advises that, as announced by Gran Tierra Energy Inc. ("GTEI") on November 26, 2021, Gran Tierra Resources Limited ("GTRL") has sold an aggregate of 137,093,750 common shares in the Company, ("Common Shares") representing all shares owned by GTEI. The Company understands that multiple entities purchased the Common Shares sold by GTRL....
2021-11-26 9:25 AM EST
PetroTal Advises of Social Disruption Impacting Bretana Operations
Alberta and Houston, Texas--(Newsfile Corp. - November 24, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTC Pink: PTALF) ("PetroTal" or the "Company") advises of community social disruption that is impacting the Company's operations in the Bretana oil field. The social unrest situation evolved quickly near the barge loading area of the field. The oil field remains safe and producing; however, protestors are currently blocking access to the dock, preventing the Company from loading oil...
2021-11-24 2:00 AM EST
PetroTal Announces Q3 2021 Financial and Operating Results
Alberta and Houston, Texas--(Newsfile Corp. - November 18, 2021) - PetroTal Corp. ("PetroTal" or the "Company") (TSXV: TAL) (AIM: PTAL) (OTC Pink: PTALF) is pleased to announce its financial and operating results for the nine and three months ("Q3") ended September 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...
2021-11-18 2:00 AM EST
PetroTal Announces Exercise of Investor Warrants and Total Voting Rights
Alberta and Houston, Texas--(Newsfile Corp. - October 26, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTC Pink: PTALF) ("PetroTal" or the "Company") announces that it received a notice to exercise 2,352,941 Investor Warrants over 2,352,941 Common Shares at a price of 16 pence per Common Share from an investor in relation to the Investor Warrants issued as part of the fundraising announced by the Company on June 12, 2020.Accordingly, PetroTal has received £376,420 for the warrant exercise,...
2021-10-26 2:00 AM EDT