PetroTal Corp.

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 [...]

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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 [...]

PetroTal Corp. announces issuance of Common Shares to employees pursuant to the annually vested performance share unit plan . Shares issued for vested 2023 PSUs In recognition of 2023 KPIs achievement, the Company has issued an aggregate of 1,323,473 Common Shares to employees pursuant to the obligation to annually issue vested PSUs to acquire Common Shares. Further details regarding the PSU plan are set out in the [...]

Q4 2023 average sales and production of 15,033 bopd and 14,865 bopd, respectively 2023 average year on year production growth of 17% to 14,248 bopd Generated 2023 free funds flow of $91 million Returned over $61 million through dividends and share buybacks in 2023 2023 Return on Capital Employed of 30% PetroTal Corp. is pleased to report its operating and audited financial results for the three and twelve months ended [...]

Dividend of $18.4 million paid to shareholders on March 15, 2024 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. Q4 2023 dividend declaration and PSU Dividend Equivalents. As announced on February 13, 2024, the Company is pleased to confirm that a total dividend payment of approximately [...]

USD$0.02/share dividend payable March 15, 2024 PetroTal Corp. is pleased to announce a dividend declaration of USD$0.02/share payable on March 15, 2024 based on Q4 2023 results and January 2024 liquidity test. Q4 2023 dividend declaration. Based on the Company's current liquidity exceeding USD$60 million, PetroTal confirms that a cash dividend of USD$0.02 per common share will be declared and paid in Q1 2024. This [...]

2P reserves value per share of USD$1.80 2P estimated ultimate recovery now over 117 million barrels 1P and 2P reserves replacement ratios of 150% and 167%, respectively 1P and 2P reserve increases of 6% and 4%, respectively 2P reserve life of 19 years 2P after tax NPV-10 value increased 9% since year-end 2022 to more than USD$1.6 billion PetroTal Corp. is pleased to announce the results of its 2023 year-end reserve [...]