PetroTal Announces Completion of US$18 million Equity Placing and Appointment of Broker
Alberta and Houston, Texas--(Newsfile Corp. - June 18, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce that its £14.1 million placing, as announced on June 12, 2020 ("Placing"), has now been completed and trading on AIM in the 141,203,891 new Common Shares, issued pursuant to the Placing ("Placing Shares") will commence this morning. All monetary amounts in this release are in United States dollars, unless otherwise indicated. Financial and...
2020-06-18 2:00 AM EDT
PetroTal Announces 2019 Year-End Financial and Operating Results
Alberta and Houston, Texas--(Newsfile Corp. - June 15, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce its financial and operating results for the year and the three months ("Q4") ended December 31, 2019. 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 analysis...
2020-06-15 9:30 PM EDT
PetroTal Announces Proposed Placing to Raise £14.1 Million
THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, NEW ZEALAND, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE: (A) A PROSPECTUS OR OFFERING MEMORANDUM; (B) AN ADMISSION DOCUMENT PREPARED IN ACCORDANCE WITH THE AIM RULES; OR (C) AN...
2020-06-12 2:15 AM EDT
PetroTal Announces Three-Year Arrangement with Petroperu
Alberta and Houston, Texas--(Newsfile Corp. - June 12, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce that it has entered into an arrangement with PETROPERU S.A. (“Petroperu”). The arrangement will result in the Company’s liability to Petroperu in relation to the recent oil price movements being payable over a three year period, rather than at the point of sale of the oil. The arrangement has been structured to minimize the impact of the...
2020-06-12 2:00 AM EDT
PetroTal Provides Update on the Filing of 2019 Year-End and First Quarter 2020 Results
Alberta and Houston, Texas--(Newsfile Corp. - May 29, 2020) - PetroTal Corp. (TSXV: TAL) and (AIM: PTAL) ("PetroTal" or the "Company") advises that, due to the impact of the global COVID-19 pandemic, it is necessary to delay its corporate filings for the three months ended March 31, 2020, as provided for by Canadian Securities Administrators. First Quarter 2020 Filings As a result of delays in accessing information due to mandatory stay at home orders in Peru, the Company will postpone the...
2020-05-29 12:38 PM EDT
PetroTal Announces Temporary Shut In of Bretana Oil Field Due to COVID-19 Pipeline Closure
Alberta and Houston, Texas--(Newsfile Corp. - May 7, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") announces that the Northern Oil Pipeline ("ONP") operated by PETROPERU S.A. ("Petroperu") has been shut down by a public health directive from the Peruvian government, thereby resulting in PetroTal having to shut in the Bretana oil field as a result of storage capacity limitations. Additionally, PetroTal provides an update on financing initiatives to accommodate...
2020-05-07 2:00 AM EDT
PetroTal Postpones Release Date for 2019 Year-End Results
Houston, Texas--(Newsfile Corp. - April 29, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") advises that, due to the impact of the global COVID-19 pandemic, it is necessary to delay its 2019 year-end corporate filings, as provided for by Canadian Securities Administrators. 2019 Year-end Filings The Company, as a result of delays related to access to information from mandatory stay at home orders in Peru, will postpone the filing of its audited consolidated...
2020-04-29 10:48 AM EDT
PetroTal Completes Third Horizontal Well at the Bretana Oil Field
Alberta and Houston, Texas--(Newsfile Corp. - April 21, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to provide an update on its operations and production at the Bretana oil field in Block 95 in Peru (100% working interest), together with a wider Company financing update. All monetary amounts in this release are in United States dollars. HIGHLIGHTS The BN 95-6H horizontal well ("6H") came online on April 10, 2020 and is currently producing approximat
2020-04-21 2:00 AM EDT
PetroTal Provides Liquidity Update
Alberta and Houston, Texas--(Newsfile Corp. - March 10, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company"), the Peruvian focused E&P company, notes the following in relation to the global retraction in oil prices, and global market decline. All currency amounts are in United States dollars. Financial Impact In response to the sudden reduction in the Brent oil price, PetroTal has completed a sensitivity assessment of funds available from operations ("netback") at...
2020-03-10 2:00 AM EDT
PetroTal Announces Updated Corporate Presentation and TSX Venture Exchange Recognition
Alberta and Houston, Texas--(Newsfile Corp. - February 27, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company"), the Peruvian focused E&P company, is pleased to announce that an updated corporate presentation is now available on the Company's website at www.petrotal-corp.com. Additionally, PetroTal is delighted to be recognized as one of the top 50 performing TSXV-listed issuers, ranking first in the energy industry sector. The 2020 Venture 50 The 2020 Venture 50 is an...
2020-02-27 2:00 AM EST
PetroTal Announces 2019 Year-End Oil Reserves and Operational Update
Alberta and Houston, Texas--(Newsfile Corp. - February 18, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company"), the Peruvian focused E&P company, is pleased to announce the results of its 2019 year-end reserve evaluation by Netherland, Sewell & Associates, Inc. ("NSAI") for the Bretaña oil field, operated 100% by PetroTal, and to provide an update on current activity and production. All currency amounts are in United States dollars (unless otherwise stated), and...
2020-02-18 2:00 AM EST
PetroTal announces fully funded 2020 Capital Budget of US$99 million
Alberta and Houston, Texas--(Newsfile Corp. - January 21, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company"), the Peruvian focused E&P company, is pleased to announce its 2020 capital program of US$99 million, expected to be fully funded with funds generated from operations and existing cash resources. This capital program will allow PetroTal to become a free cash-flowing company and reach 20,000 barrels of oil per day ("bopd") from the Bretaña oil field, operated...
2020-01-21 2:00 AM EST
PetroTal Announces 2019 Year-end Oil Production of 13,300 bopd
Alberta and Houston, Texas--(Newsfile Corp. - January 13, 2020) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company"), the Peruvian focused E&P company, is pleased to announce 2019 year-end production of 13,300 barrels of oil per day ("bopd") from the Bretaña oil field, operated 100% by PetroTal. 2019 OIL PRODUCTION The Company achieved 2019 exit rate production of 13,300 bopd and has averaged 12,500 bopd for the first eleven days of 2020. Average oil production from the...
2020-01-13 2:00 AM EST
PetroTal Announces Oil Sales Contract with PETROPERU S.A.
Alberta and Houston,Texas--(Newsfile Corp. - December 27, 2019) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company"), the Peruvian focused E&P company, is pleased to announce an oil sales contract with PETROPERU S.A. ("Petroperu"), a state owned company, for oil production from the Bretaña oil field, operated 100% by PetroTal. Commissioning of the central production facility is underway, and oil production has surpassed 10,000 barrels of oil per day ("bopd") from the Bretaña...
2019-12-27 2:00 AM EST
PetroTal Appoints Two New Independent Directors
Alberta and Houston, Texas--(Newsfile Corp. - December 19, 2019) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce the appointment of Eleanor Barker and Roger Tucker as Independent Non-Executive Directors, effective today. Ms. Barker has over 25 years' experience in the international oil and gas business. She is currently the President of Barker Oil Strategies Inc., an oil and gas investment and consulting company, and Chair of the Audit Committee...
2019-12-19 2:00 AM EST
PetroTal Completes Second Horizontal Well and Achieves New Record Production at Bretaña Oil Field
Alberta and Houston, Texas--(Newsfile Corp. - December 16, 2019) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("
2019-12-16 2:00 AM EST
PetroTal Announces Grant of Performance Share Units
Alberta and Houston, Texas--(Newsfile Corp. - December 13, 2019) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") announces the grant of performance share units ("PSUs") to officers and employees of the Company. The Company has granted an aggregate of 8,441,659 PSUs, of which 4,489,013 are to officers of the Company in accordance with the provisions of the Company's PSU plan. The PSUs to the officers will vest three years from the date of grant and each PSU will entitle...
2019-12-13 2:00 AM EST
PetroTal Announces Declaration of Dividend
Alberta and Houston, Texas--(Newsfile Corp. - December 12, 2019) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce that the Company's board of directors has declared an interim dividend in respect of the common shares in the capital of PetroTal (the "Common Shares") to shareholders of record at the close of business on December 20, 2019 (the "Record Date"). The interim dividend will be CAD$0.0017 (£0.001) cash for each Common Share, subject to...
2019-12-12 2:00 AM EST
PetroTal Announces Change of Joint Broker
Alberta and Houston, Texas--(Newsfile Corp. - December 9, 2019) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") announces that, following the acquisition of the business and assets of FirstEnergy Capital LLP ("GMP FirstEnergy") by Stifel Nicolaus Europe Limited ("Stifel"), the Company's joint corporate brokers are now Stifel and Numis Securities Limited. Strand Hanson Limited continues to act as the Company's Nominated & Financial Adviser.
2019-12-09 2:00 AM EST
PetroTal Provides Increased 2019 Exit Oil Production Rate of 11,000 - 13,000 BOPD
Alberta and Houston, Texas--(Newsfile Corp. - November 25, 2019) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce that drilling of the Company's second horizontal well ("5H"), located on the Bretaña field, Peru, is progressing according to budget and timeline. The well reached the target Vivian formation at the prognosed vertical depth of 2,696 meters and 700 meters of the planned 870 meters horizontal section have been drilled, which is inside the...
2019-11-25 2:00 AM EST