Q2 production average of 18,290 bopd Exit June 2024 with total cash of $96 million Well 19H achieves initial production rates over 8,500 bopd PetroTal has now produced over 20 million barrels of oil since inception PetroTal Corp. is pleased to announce the following operational, financial and corporate updates. All amounts are in US dollars unless stated otherwise. Q2 2024 Production PetroTal achieved an average [...]
EnerCom is accepting applications from start-up companies focused on innovation in alternative energy, advanced oil and gas technology, environmental sustainability and carbon solutions to participate in The Energy Transition and Emerging Technology Session Registration for institutional investors, portfolio managers, financial analysts, CIOs, and others in the investment community is free EnerCom, Inc. is pleased to [...]
PetroTal Corp. is pleased to announce that all resolutions at the annual general meeting of shareholders held on June 19, 2024 , have been fully authorized and approved. A total of 211,361,360 common shares representing approximately 23.09% of PetroTal's issued and outstanding common shares, were represented at the Meeting. The shareholders approved the setting of the number of directors to be elected at the Meeting at [...]
PetroTal Corp. announces the grant of performance share units to employees and officers of the Company, in accordance with the Company's performance and restricted share unit plan. Q1 2024 dividend declaration and PSU Dividend Equivalents. As announced on May 9, 2024, the Company is pleased to confirm that a total dividend payment of approximately US$13.7 million, representing US$0.015/share, was paid on June 14, 2024 to [...]
EnerCom Denver conference will kick off with the annual Charity Golf Tournament on Sunday, August 18th sponsored by conference Global Sponsor Netherland, Sewell & Associates Registration for institutional investors, portfolio managers, financial analysts, CIOs, and others in the investment community is free Limited presentation opportunities are available for E&P, Midstream, OFS, and Energy Transition companies EnerCom [...]
PetroTal Corp. is pleased to announce leadership team enhancements, the renewal of its normal course issuer bid of approximately US$3 million per quarter , following approval by the Toronto Stock Exchange , and other corporate updates. Leadership Team Enhancements Effective May 15, 2024, Mr. Sudan I. Maccio joined PetroTal Corp. as Chief Legal Counsel and Corporate Secretary. Mr. Maccio brings over 30 years of extensive [...]
PetroTal Corp. announces the annual grant of performance share units to employees and officers of the Company, in accordance with the Company's performance and restricted share unit plan. 2024 PSU grants PetroTal has granted an aggregate of 6,372,974 PSUs, of which 3,526,270 PSUs are to Officers. The PSUs issued to the Officers will vest three years from the date of grant and each PSU will entitle the holder to acquire [...]
Q1 2024 average sales and production of 18,347 bopd and 18,518 bopd, respectively Generated Q1 2024 free funds flow of $53 million Signed purchase and sale agreement to acquire Block 131 Declaring dividend of $0.015/share payable June 14, 2024 PetroTal Corp. is pleased to report its operating and financial results for the three months ended March 31, 2024 . Selected financial and operational information is outlined below [...]
Addition of 900 bopd of production effective January 1, 2024 Recoverable reserve estimates up to 4.9 million bbls Significant upside potential from deeper reservoirs PetroTal Corp. is pleased to announce the execution of a definitive agreement to acquire a 100% working interest in Peru's Block 131, including the producing Los Angeles field, through the acquisition of CEPSA Peruana, S.A.C. , which represents the entire [...]
PetroTal Corp. is pleased to announce leadership team updates. Chief Financial Officer Appointment Effective April 24, 2024, Mr. Camilo McAllister joins PetroTal as Executive Vice President and Chief Financial Officer. Camilo McAllister brings over 25 years of experience in the international energy sector to his role as a strategic executive of the Company. His leadership has spanned roles across North America, Latin [...]
Investors are encouraged to register for EnerCom Denver - The Energy Investment Conference featuring a broad group of public and private energy companies at www.enercomdenver.com EnerCom Denver - The Energy Investment Conference celebrates 29 years of bringing together the broader energy sector, including companies, investors, analysts, and key industry leaders to Denver, August 18-21, 2024 A robust list of companies has [...]
23% increase in production Quarter over Quarter, to 18,518 bopd Unrestricted cash liquidity of $63 million at March 31, 2024 PetroTal Corp. announces the following operational, financial and corporate updates. All amounts are in US dollars unless stated otherwise. Q1 2024 Production PetroTal achieved average production of 18,518 barrels of oil per day in Q1 2024, in line with guidance. This represents an increase of [...]