PetroTal Corp.

PetroTal Corp. advises that, as announced by Gran Tierra Energy Inc. on November 26, 2021, Gran Tierra Resources Limited has sold an aggregate of 137,093,750 common shares in the Company, representing all shares owned by GTEI. The Company understands that multiple entities purchased the Common Shares sold by GTRL. PetroTal was not a party to the agreements and did not receive any proceeds from the sale transactions. The [...]

PetroTal Corp. 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 barges. The civil unrest is being conducted by a group seeking [...]

PetroTal delivers 8% production growth, robust net operating income, continued balance sheet strength, and operational excellence from well 8H performance PetroTal Corp. is pleased to announce its financial and operating results for the nine and three months ended September 30, 2021. Selected financial and operational information is outlined below and should be read in conjunction with the Company's unaudited consolidated [...]

PetroTal Corp. 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, and has issued 2,352,941 new Common Shares to the investors [...]

PetroTal Corp. announces that the Company has issued an aggregate of 3,103,716 Common Shares to employees pursuant to the obligation to annually issue vested performance share units ) to acquire Common Shares under the Company's performance and restricted share unit plan, as approved by the TSX Venture Exchange on December 12, 2019. Further details regarding the PSU plan are set out in the management information circular [...]

PetroTal Corp. announces an operations and liquidity update for Q3 2021, and updates on the ongoing community protests at pump station 5. All amounts herein are in United States dollars unless otherwise stated. Highlights: Q3 2021 production averaged 9,508 barrels of oil per day , within 2% of previous guidance; Q3 2021 exit production was 15,131 bopd, an increase of 89% over Q2 2021; October 1 to October 11, 2021 [...]

PetroTal Corp. announces that it received a notice to exercise 1,000,000 Investor Warrants over 1,000,000 Common Shares at a price of 16 pence per Common Share from an investor in relation to the Investor Warrants issued on June 12, 2020 as part of the fundraising announced on June 12, 2020. In addition, PetroTal received notice to exercise 668,650 Performance Warrants at a price of $0.1869 USD per Common Share [...]

PetroTal updates on 2022 hedging, and social initiatives PetroTal Corp. is pleased to announce the 30-day initial production rate of over 7,700 barrels of oil per day for well BN-8H . All amounts herein are in United States dollars unless otherwise stated. Significant 30 day initial production rate for well 8H Well 8H delivered over 7,700 bopd average production during its first 30 days of operation, with the most recent [...]

PetroTal Corp. is pleased to announce it has commenced drilling development well BN-9H , the Company's next horizontal well, and continued robust field production in excess of 15,000 barrels of oil per day . All amounts herein are in United States dollars unless otherwise stated. Well 9H drilling commencement PetroTal recently commenced drilling the 9H well, PetroTal's fifth horizontal well drilled by the Company, and the [...]

PetroTal Corp. has completed the BN-8H well, PetroTal's fourth horizontal well in the Bretana oil field. Bretana field achieves record production of approximately 15,400 bopd PetroTal commenced production of its fourth horizontal well 8H on September 4, 2021, with unrestricted flow rates of approximately 7,600 barrels of oil per day over a ten-day period. Selected highlights are as follows: Initial 8H production rates of [...]