PetroTal Corp.

PetroTal Corp. advises that it has reduced production to ensure field safety and manage storage levels due to social protests at PetroTal's loading dock. On February 28, 2022 a small group from the Asociación Indígena de Desarrollo y Conservación de Bajo Puinahua commenced gathering outside the Bretana oilfield that led to access to the Company's loading dock being blocked. To ensure employee / contractor safety and [...]

PetroTal Corp. is pleased to announce that it has been recognized as one of the top 50 performing TSX-V listed issuers, ranking tenth in the energy industry sector. All amounts are quoted in US dollars. TSX Venture 50 The 2022 Venture 50 is an annual program of the TSX Venture Exchange that recognizes the top performing TSXV-listed companies from five industry sectors. The 2022 Venture 50 winners are chosen based on 2021 [...]

Targeting a 100% growth rate in average oil production to between 17,500 and 19,500 bopd Free cash flow pre debt service of $230 million PetroTal Corp. is pleased to announce a fully funded 2022 capital program of $120 million that is expected to generate material free cash flow, allowing for an expected resumption of a dividend to shareholders by Q4 2022. All amounts are quoted in US dollars. 2022 Key Highlights Invest [...]

68% increase in 1P Reserves to 37 million barrels 53% increase in 2P Reserves to 78 million barrels 39% increase in 3P Reserves to 147 million barrels PetroTal Corp. is pleased to announce the results of its 2021 year-end reserve evaluation by Netherland, Sewell & Associates, Inc. for the Bretana oil field, operated 100% by PetroTal . All currency amounts are in United States dollars and comparisons refer to December 31 [...]

PetroTal Corp. is pleased to announce the Company's well 10H , which commenced production on January 30, 2022, has set a new internal daily production record with an average standalone 10 day production level of 10,050 bopd. Well 10H on Production Well 10H has produced an average of 10,050 bopd over the last ten days ending February 9, 2022, with the latest reported rate at 10,122 bopd; The well's final cost was $11.5 [...]

PetroTal Corp. advises that it has received a TR-1 Standard form for notification of major holdings from Fidelity International dated January 26, 2022. As indicated in the TR-1 form, as at January 24, 2022, Fidelity International held 42,315,097 shares of PetroTal representing approximately 5.1% total ownership. Based on 830,942,270 common shares outstanding, and as far as the Company is aware, the current major [...]

PetroTal Corp. and is pleased to announce that is has upgraded from the Pink market to the OTCQX Best Market in the U.S. under the ticker symbol PTALF. U.S. investors can now find current disclosures and Real-Time Level 2 quotes for the Company on the OTC Markets website. The OTCQX Best Market provides investors with a premium U.S. public market and is the highest tier on which over 11,000 U.S. and global securities [...]

PetroTal Corp. is pleased to provide the following updates: Key Highlights Q4 2021 production averaged 10,147 bopd, constrained by temporary oil delivery disruptions; Oil production for 2021 was 8,966 bopd, up 58% from 5,675 bopd for 2020; Wells 9H and 8H continue to perform significantly above internal expectations, with average production rates over the past five days of approximately 8,500 bopd and 6,700 bopd [...]

Pipeline Settlement Framework for Pump Station 5 PetroTal Corp. is pleased to provide the following updates: Achieved 20,000 bopd Production Level PetroTal has achieved a trailing 5-day unconstrained production rate ending December 15, 2021, of approximately 20,200 barrels of oil per day . With wells 8H and 9H producing over 6,300 bopd and 8,200 bopd respectively, PetroTal was able to achieve its long-standing goal of [...]

PetroTal Corp. announces the annual grant of performance share units to officers and employees of the Company. The Company has granted an aggregate of 10,030,262 PSUs, of which 6,467,416 are to officers of the Company in accordance with the provisions of the Company's PSU plan. The PSUs issued to Officers will vest three years from the date of grant and each PSU will entitle the holder to acquire, for nil cost, between [...]