PetroTal Announces Completion of US$100 Million Senior Secured Bond Issue
Alberta and Houston, Texas--(Newsfile Corp. - February 17, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce that on February 16, 2021 it completed the issuance of the US$100 million issue of senior secured bonds, previously announced on February 2, 2021. The new bond issue will be PetroTal's only interest bearing debt and will be used to retire the existing derivative liability with Petroperu, continue development of the Bretana oil field,...
2021-02-17 2:00 AM EST
PetroTal Announces Successful US$100 Million Bond Issue
Alberta and Houston, Texas--(Newsfile Corp. - February 2, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") announces that it has successfully completed the placement of a 3-year US$100 million senior secured bond (as announced on January 12, 2021) with a fixed coupon of 12% and a borrowing limit of $125 million (the "Bond"). PetroTal intends to use the net proceeds from the Bond to repay all existing outstanding loans (in particular the restructured derivative...
2021-02-02 2:00 AM EST
PetroTal Advises of Gran Tierra Ownership Reduction
Alberta and Houston, Texas--(Newsfile Corp. - January 25, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") advises that, as announced by Gran Tierra Energy Inc. ("GTEI") on January 20, 2021, Gran Tierra Resources Limited ("GTRL") has sold an aggregate of 109,006,250 common shares in the Company ("Common Shares"). The Company understands that multiple entities purchased the shares sold by GTRL and that, following the sale, GTRL continues to hold 137,093,750 Common...
2021-01-25 2:00 AM EST
PetroTal Announces Completion of Arrangement with Petroperu, and Two Year Extension of Oil Sales Contract
Alberta and Houston, Texas--(Newsfile Corp. - January 19, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce that it has executed final agreements with PETROPERU S.A. ("Petroperu") to complete the restructuring (the "Arrangement") of the contingent liability referenced in PetroTal's June 12, 2020 press release and to extend the oil sales contract with Petroperu ("Oil Sales Contract") for an additional two years. Highlights Oil sales to...
2021-01-19 2:00 AM EST
PetroTal Announces Contemplated $100 Million Bond Issue and Operations Update
Alberta and Houston, Texas--(Newsfile Corp. - January 12, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce that it has mandated Pareto Securities AS to arrange a series of fixed income investor virtual meetings commencing January 14, 2021. Subject to, inter alia, market conditions, a new USD 100 million senior secured three year bond issue (the "Bond Issue") may follow. The proceeds of the potential Bond Issue will be used to settle in full...
2021-01-12 2:00 AM EST
PetroTal Q4 2020 Operations Update
Alberta and Houston, Texas--(Newsfile Corp. - January 7, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce that following the recommencement of operations of Petroperu's Northern Oil Pipeline ("ONP"), oil production at the Bretana oil field is currently at 9,500 barrels per day ("bopd") and expected to reach 10,000 bopd in the next few days. Total oil production for 2020 was 2.08 million barrels (5,675 bopd), as compared to 1.5 million barrels...
2021-01-07 2:00 AM EST
PetroTal Completes First Oil Export Sale through Brazilian Terminal
Alberta and Houston, Texas--(Newsfile Corp. - December 30, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce the first export of Bretana oil into the Atlantic region through Brazil. This provides PetroTal with an additional option to monetize oil sales, beyond the Company's existing important sales arrangements with Petroperu using the Northern Oil Pipeline ("ONP"), and to the Iquitos refinery. This will facilitate future oil production growth...
2020-12-30 2:00 AM EST
PetroTal Recommences Oil Sales into the Pipeline
Alberta and Houston, Texas--(Newsfile Corp. - December 29, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce that social issues affecting the Northern Oil Pipeline ("ONP"), operated by Petroperu, have now been resolved. As a result, PetroTal has now recommenced oil deliveries at Saramuro (Pump Station #1), for sales into the ONP. The social disruption had impacted the ONP's operations for 85 days and, as a result of continued dialogue between...
2020-12-29 2:00 AM EST
PetroTal Announces Secondary Sale of Shares
Alberta and Houston, Texas--(Newsfile Corp. - December 14, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") announces that it has been informed by Gran Tierra Resources Ltd. ("GTRL"), a control person of PetroTal, that GTRL has entered into a private agreement with Remus Horizons PCC Limited ("Remus") in respect of the purchase by Remus of 218,012,500 common shares ("PetroTal Shares") of PetroTal (the "Purchased Shares") at a price of GBP0.099385 per Purchased...
2020-12-14 2:45 AM EST
PetroTal Announces Third Quarter 2020 Financial and Operating Results
Alberta and Houston, Texas--(Newsfile Corp. - November 19, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2020 ("Q3 2020"). 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...
2020-11-19 10:00 PM EST
PetroTal Issues Equity Vested Through PSU Plan
Alberta and Houston, Texas--(Newsfile Corp. - October 9, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") announces that the Company has issued an aggregate of 1,611,678 Common Shares to employees (not designated as officers or directors ("Insiders") or persons discharging managerial responsibilities ("PDMR's") pursuant to the obligation to annually issue vested performance share units ("PSUs") to acquire Common Shares under the Company's performance and restricted...
2020-10-09 2:00 AM EDT
PetroTal Recommences Oil Production at the Bretana Field
Alberta and Houston, Texas--(Newsfile Corp. - September 30, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce the recommencement of oil production and operations at the Bretana oil field. The recommencement of oil production follows agreements between the indigenous communities in the northeastern region of Peru (inclusive of Loreto, where Bretana is located), Regional governments and the Central Government of Peru, that will see enhanced...
2020-09-30 2:00 AM EDT
PetroTal Announces Voting Results of Shareholders' Meeting
Alberta and Houston, Texas--(Newsfile Corp. - September 10, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") announces that all resolutions were duly passed by Shareholders at the Company's Annual General and Special Meeting held on September 9, 2020. Resolution 9 related to authorizing the Board of Directors, at its discretion, to proceed with a potential consolidation of the Common Shares on the basis of a ratio of between four and eight pre-consolidation Common...
2020-09-10 2:00 AM EDT
PetroTal Provides Update on the Bretana Oil Field
Alberta and Houston, Texas--(Newsfile Corp. - September 9, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") expects and is ready to reopen the Bretana oil field as soon as the ongoing discussions between the communities and the Government of Peru have been ratified, which is expected in the next few days as reported by Government officials. PetroTal commends the efforts of all parties to reach a negotiated settlement that will ultimately benefit the communities,...
2020-09-09 2:00 AM EDT
PetroTal Announces Second Quarter 2020 Financial and Operating Results
Alberta and Houston, Texas--(Newsfile Corp. - August 17, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce its financial and operating results for the six and three months ended June 30, 2020 ("Q2 2020"). 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") for...
2020-08-17 10:43 PM EDT
PetroTal Announces Closure of Bretana Oil Field due to Social Disruption
Alberta and Houston, Texas--(Newsfile Corp. - August 10, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") advises that as a preemptive measure it has shut down the Bretana Oil Field due to civil unrest outside the oil field camp. The civil unrest has been conducted by the same group that the prior week took over Petroperu's Pump Station No.5 at Saramiriza seeking Government assistance against the COVID-19 crisis. The field closure is expected to last until the...
2020-08-10 2:00 AM EDT
PetroTal Announces Details Regarding Annual General and Special Meeting
Alberta and Houston, Texas--(Newsfile Corp. - August 4, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce that a management information circular (the "Circular") and other materials in respect of its annual general and special meeting (the "Meeting") of holders ("Shareholders") of its common shares ("Shares") have been filed on the Company's profile on SEDAR at www.sedar.com. The Meeting will be held solely by means of remote communication by...
2020-08-04 5:07 PM EDT
PetroTal Announces Restart of Production at Bretana Oil Field
Alberta and Houston, Texas--(Newsfile Corp. - July 27, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to provide an update on operations at the Bretana oil field which, as previously indicated, recommenced in mid-July. Highlights PetroTal has implemented stringent testing measures and modified operating procedures to ensure the safety of its workers; The Bretana field restarted operations on July 15th, 2020 and production has returned to pre-shutdown...
2020-07-27 2:00 AM EDT
PetroTal announces First Quarter 2020 Financial and Operating Results
Alberta and Houston, Texas--(Newsfile Corp. - July 9, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2020 ("Q1 2020"). Selected financial, reserves 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") for...
2020-07-09 10:56 PM EDT
PetroTal Announces Filing Date for First Quarter 2020 Results
Alberta and Houston, Texas--(Newsfile Corp. - July 6, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") advises that its unaudited consolidated financial statements and management's discussion and analysis for the three months ended March 31, 2020 ("Interim Filings") will be released on July 9, 2020. This is in accordance with the exemption provided in Alberta Securities Commission Blanket Order 51-517 Temporary Exemption from Certain Corporate Finance Requirements...
2020-07-06 11:35 AM EDT