PetroTal Corp.

Meridian Capital International Limited reports that, on April 25, 2023, MCIL transferred ownership and control of 66,267,240 common shares of PetroTal Corp. to Meridian Capital Limited by way of a dividend in-kind . On April 25, 2023, MCL subsequently transferred ownership and control of the 66,267,240 Common Shares to one of its shareholders, A. Alshinbayev, pursuant to a private arrangement between Mr. Alshinbayev and [...]

PetroTal Corp. is pleased to announce the commencement of its previously announced share buyback plan, following approval by the Toronto Stock Exchange of its normal course issuer bid . PetroTal further announces today that the Q1 2023 dividend of US$0.015/share will be paid on June 15, 2023. Q1 2023 Dividend Timetable PetroTal is pleased to confirm that its cash dividend of US$0.015 per common share in respect of Q1 2023 [...]

Delivered Q1 2023 production of 12,193 bopd representing 17.5% growth over Q4 2022 Achieved record sales volumes of 21,500 bopd in March 2023 through Brazil exports and Iquitos Fully repaid the Company's corporate bonds Formalized the shareholder return policy and minimum liquidity requirement PetroTal Corp. is pleased to report its operating and financial results for the three months ended March 31, 2023. Selected [...]

PetroTal Corp. announces the appointment of José L Contreras as Senior Vice President, Operations effective May 1, 2023. Mr. Contreras is an executive in the international oil and gas industry with over 25 years of experience and a successful track record managing large and complex field and technical upstream operations for various sized energy companies. Since 2017, Mr. Contreras has held various executive roles ranging [...]

Average Q1 2023 production of 12,193 bopd Exiting Q1 2023 with $71 million in cash Delivered record sales volumes of 21,500 bopd through Brazil and Iquitos in March 2023 PetroTal Corp. announces its Q1 2023 operations and liquidity update. Key Operations and Liquidity Highlights Achieved Q1 2023 average production and sales of 12,193 and 12,618 barrels of oil per day , respectively, up 17% and 21% from Q4 2022; Achieved a [...]

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, and the issue of new Common Shares pursuant to the Company's 2022 PSU grants. 2023 PSU grants PetroTal has granted an aggregate of 5,884,250 PSUs, of which 3,523,786 PSUs are to Officers. The PSUs issued to the Officers will vest three [...]

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Delivered annual average production of 12,200 bopd representing a 36% growth rate over 2021 Increased 2022 2P reserves to 97 million barrels and after tax NPV-10 to US$1.75/share Established a new record production level of over 26,000 bopd Generated 2022 free funds flow of $162 million Brought four highly productive horizontal oil wells online in 2022 to exit the year with 20,000 bopd Bonds now fully repaid and return of [...]

Production above 20,000 bopd with barging capacity now over 1.5 million barrels License Contract modification for Social Trust approved by Supreme Decree Recognized as a top 50 TSXV performing issuer, ranking 4th in the energy sector PetroTal Corp. is pleased to announce various corporate updates, alongside news that it has been recognized by the TSXV as a top 50 performing issuer, ranking 4th in the energy industry [...]

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