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 debt service free cash flow of $55 million in 2023. Combined with the year-end 2022 cash balance of over $100 million, other working capital inflows, and contracted 2023 cash inflows of
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 highlights Well 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,...
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 Warrants PetroTal 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 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