PetroTal Corp.

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 [...]

Well 9H Production Started Strong Forward Liquidity Profile PetroTal Corp. is pleased to provide the following update: End of Social Protests at PetroTal's Loading Dock Following recent announcements, PetroTal is pleased to announce an end to the social protests near PetroTal's oil loading facility. PetroTal's recently announced social initiatives contributed to the peaceful resolution. Barges from Brazil are on site and [...]

PetroTal reports no damage or injuries PetroTal Corp. advises that a 7.5 magnitude earthquake hit northern Peru early Sunday November 28, 2021, with the epicenter approximately 98km from the town of Santa Maria de Nieva and 400km from Bretana. PetroTal's production facilities were not damaged, and the Company reported no injuries related to the earthquake. Earthquakes are relatively common in Peru and PetroTal's [...]

PetroTal Corp. advises that, as announced by Gran Tierra Energy Inc. on November 26, 2021, Gran Tierra Resources Limited has sold an aggregate of 137,093,750 common shares in the Company, representing all shares owned by GTEI. The Company understands that multiple entities purchased the Common Shares sold by GTRL. PetroTal was not a party to the agreements and did not receive any proceeds from the sale transactions. The [...]

PetroTal Corp. advises of community social disruption that is impacting the Company's operations in the Bretana oil field. The social unrest situation evolved quickly near the barge loading area of the field. The oil field remains safe and producing; however, protestors are currently blocking access to the dock, preventing the Company from loading oil barges. The civil unrest is being conducted by a group seeking [...]

PetroTal delivers 8% production growth, robust net operating income, continued balance sheet strength, and operational excellence from well 8H performance PetroTal Corp. is pleased to announce its financial and operating results for the nine and three months ended September 30, 2021. Selected financial and operational information is outlined below and should be read in conjunction with the Company's unaudited consolidated [...]

PetroTal Corp. announces that it received a notice to exercise 2,352,941 Investor Warrants over 2,352,941 Common Shares at a price of 16 pence per Common Share from an investor in relation to the Investor Warrants issued as part of the fundraising announced by the Company on June 12, 2020. Accordingly, PetroTal has received £376,420 for the warrant exercise, and has issued 2,352,941 new Common Shares to the investors [...]

PetroTal Corp. announces that the Company has issued an aggregate of 3,103,716 Common Shares to employees pursuant to the obligation to annually issue vested performance share units ) to acquire Common Shares under the Company's performance and restricted share unit plan, as approved by the TSX Venture Exchange on December 12, 2019. Further details regarding the PSU plan are set out in the management information circular [...]