PetroTal Announces Voting Results of Shareholders' Meeting
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - June 20, 2025) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce that all resolutions at the annual general meeting of shareholders held on June 19, 2025 (the "Meeting"), have been fully authorized and approved. A total of 403,104,944 common shares representing approximately 44.02% of PetroTal's issued and outstanding common shares were represented at the Meeting.The shareholders approved an ordinary resolution to fix the number...
2025-06-20 2:00 AM EDT
PetroTal Announces Renewal of Share Buyback Program
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - May 30, 2025) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce the renewal of its normal course issuer bid (the "NCIB"), following approval by the Toronto Stock Exchange ("TSX"). All amounts are in US dollars unless stated otherwise.PetroTal expects that the NCIB will continue to provide an additional tool to enhance total long-term shareholder returns. The Company believes that, at times, the prevailing share...
2025-05-30 2:00 AM EDT
PetroTal Provides Additional Details on $65 Million Term Loan to Finance Erosion Control Investments at Bretana
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - May 13, 2025) - Further to its announcement on May 12, 2025, PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to provided additional details on the syndicated term loan facility it has entered into with Banco Interamericano de Finanzas ("BanBif") and Corporacion Financiera de Desarrollo ("COFIDE"), the Development Bank of Peru. All amounts are in US dollars unless stated otherwise.Key HighlightsThe Term Loan has been established...
2025-05-13 2:00 AM EDT
PetroTal Announces Q1 2025 Financial and Operating Results
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - May 12, 2025) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to report its financial and operating results for the three months ended March 31, 2025. All amounts herein are in United States dollars unless stated otherwise.Selected financial and operational information outlined above should be read in conjunction with the Company's unaudited consolidated financial statements and management's discussion and analysis ("MD&A") for the three...
2025-05-12 2:00 AM EDT
PetroTal Announces Appointment of New Director and Provides Notice of Annual General Meeting
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - April 25, 2025) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce the appointment of Ms. Denisse Abudinen to its Board of Directors, effective immediately. Ms. Abudinen will join PetroTal's existing Directors in standing for re-election at the Company's annual general meeting, which has been scheduled for June 19, 2025.Background on Denisse AbudinenDenisse Abudinen joins PetroTal as an independent, non-executive Director. She has a...
2025-04-25 2:00 AM EDT
PetroTal Announces Q1 2025 Operations and Financial Updates
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - April 10, 2025) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to provide the following operational and financial updates. All amounts are in US dollars unless stated otherwise.Key HighlightsPetroTal group production averaged approximately 23,280 barrels of oil per day ("bopd") in Q1 2025, including a full quarter contribution from Block 131;Bretana Q1 2025 production averaged approximately 22,660 bopd, a 17% increase on Q4 2024 and...
2025-04-10 2:00 AM EDT
PetroTal Announces Amendment to Share Buyback Program
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - April 4, 2025) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") announces a procedural update to its normal course issuer bid (the "NCIB"). Further to the NCIB renewal announcement on May 22, 2024, Common Shares purchased under PetroTal's NCIB will either be cancelled or, where appropriate, temporarily held in treasury to satisfy employee share awards. All other details of the NCIB remain unchanged from the renewal announcement...
2025-04-04 2:00 AM EDT
PetroTal Announces Q4 and Full Year 2024 Results
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - March 20, 2025) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to report its operating and financial results for the three months and year ended December 31, 2024. All amounts herein are in United States dollars unless stated otherwise.Key HighlightsAverage Q4 2024 sales and production of 19,087 and 19,142 barrels of oil per day ("bopd"), respectively, including volumes from the acquisition of Block 131, which closed...
2025-03-20 3:00 AM EDT
PetroTal Announces 2024 Year-End Oil Reserves
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - February 20, 2025) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce the results of its 2024 year-end reserve evaluation (the "NSAI Report") by Netherland, Sewell & Associates, Inc. ("NSAI"). All currency amounts are in United States dollars unless otherwise stated.Highlights:1P and 2P reserves of 67.1 million barrels of oil ("mmbbls") and 113.7 mmbbls, respectively;Replaced 293% and 208% of 1P and 2P reserves, respectively;PDP...
2025-02-20 2:00 AM EST
PetroTal Announces Q1 2025 Dividend Declaration
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - February 20, 2025) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce that its Board of Directors has declared a cash dividend of USD $0.015 per common share for the first quarter of 2025.The Q1 2025 dividend is based on Q4 2024 financial results and will be paid according to the following timetable:Ex-Dividend date (AIM): February 27, 2025Ex-Dividend date (TSX): February 28, 2025Record date: February...
2025-02-20 2:00 AM EST
PetroTal Announces 2025 Guidance
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - January 16, 2025) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to provide the following 2025 guidance update. All amounts are in US dollars unless stated otherwise.2025 GuidanceTarget average 2025 production and sales of 21,000 - 23,000 barrels of oil per day ("bopd"), a ~24% increase on 2024Capital investment of $140 million, a decrease of approximately 14% on 2024 Target annual EBITDA of $240 - 250...
2025-01-16 2:00 AM EST
PetroTal Announces Q4 2024 Operations and Financial Updates
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - January 9, 2025) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to provide the following operational and financial updates. All amounts are in US dollars unless stated otherwise.Key HighlightsPetroTal corporate production averaged approximately 19,150 bopd in Q4 2024, including volumes from the recently acquired Block 131Bretana Q4 2024 production averaged 18,938 barrels of oil per day (bopd), a 27% increase on Q4 2023Bretana 2024 annual production...
2025-01-09 2:00 AM EST
PetroTal Announces Q4 2024 Dividend Payment & Grant of Performance Share Units for Dividend Equivalents
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - December 16, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to confirm its Q4 2024 dividend payment, along with the grant of performance share units ("PSUs") to employees and officers of the Company, in accordance with the Company's performance and restricted share unit plan. Q4 2024 Dividend PaymentAs previously announced on November 14, 2024, the Company confirms that a dividend payment of US$0.015/share was paid...
2024-12-16 9:12 AM EST
PetroTal Announces Closing of Block 131 Acquisition
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - December 2, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce that it has closed the acquisition of a 100% working interest in Peru's Block 131, as originally disclosed on May 8, 2024, pursuant to which the Company acquired all of the issued and outstanding shares of CEPSA Peruana, S.A.C. ("CEPSA Peru"), which represents the entire Peruvian business unit of Compañía Española de Petróleos S.A....
2024-12-02 2:00 AM EST
PetroTal Issues Correction to Q4 2024 Dividend Payment Timetable
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - November 20, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTA) (OTCQX: PTALF) ("PetroTal" or the "Company") would like to issue the following correction to its dividend payment timetable, as originally released under the headline "PetroTal Announces Q3 2024 Financial and Operating Results" on November 14, 2024. In that release, the Ex-Dividend date was mistakenly disclosed as November 28, 2024. However, for companies where the TSX is the primary listing exchange, the Ex-Dividend date...
2024-11-20 2:00 AM EST
PetroTal Announces Q3 2024 Financial and Operating Results
Q3 2024 average sales and production of 14,760 bopd and 15,203 bopd, respectivelyGenerated Q3 2024 EBITDA of $47.5 millionExited the quarter with $133 million in total cashDeclaring dividend of $0.015/share payable December 13, 2024Calgary, Alberta and Houston, Texas--(Newsfile Corp. - November 14, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to report its operating and financial results for the three and nine months ended September 30, 2024.Selected financial and operational information is...
2024-11-14 2:00 AM EST
PetroTal Announces Q3 2024 Operations and Liquidity Update
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - October 8, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to provide the following operational and financial update. All amounts are in US dollars unless stated otherwise.Key HighlightsQ3 production averages 15,160 barrels of oil per day (bopd), a 39% increase on Q3 20232024 annual production on track to meet top end of guidance rangeTotal cash of $133 million as of September 30, 2024, an 18%...
2024-10-08 2:00 AM EDT
PetroTal Announces Q3 2024 Dividend Payment & Grant of Performance Share Units for Dividend Equivalents
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - September 16, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to confirm its Q3 2024 dividend payment, along with the grant of performance share units ("PSUs") to employees and officers of the Company, in accordance with the Company's performance and restricted share unit plan. Q3 2024 Dividend PaymentAs previously announced on August 8, 2024, the Company confirms that a dividend payment of US$0.015/share was paid...
2024-09-16 2:00 AM EDT
PetroTal Announces Operations Update
Well 20H to be completed in the Vivian 1 and Vivian 2 sandsUpdated corporate presentation available on websiteCalgary, Alberta and Houston, Texas--(Newsfile Corp. - September 3, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce the following operational update. Well 20H Drilling Update and Upper Vivian Sand TestAs disclosed previously with the Q2 2024 results on August 8, PetroTal commenced drilling Well 20H at the Bretaña field on July 26, 2024. The...
2024-09-03 2:00 AM EDT
PetroTal Announces Q2 2024 Financial and Operating Results
Q2 2024 average sales and production of 18,050 bopd and 18,290 bopd, respectivelyGenerated Q2 2024 free funds flow of $36 million (7% quarterly yield)Exited quarter with $96 million in total cashDeclaring dividend of $0.015/share payable Sept 13, 2024Board changesCalgary, Alberta and Houston, Texas--(Newsfile Corp. - August 8, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to report its operating and financial results for the three and six months ended June 30,...
2024-08-08 2:00 AM EDT