Duyuru • Jun 25
Petrotal Corp. Approves Appointment of Denisse Abudinen as Director PetroTal Corp. at its annual general meeting of shareholders held on June 23, 2026, approved the appointment of Denisse Abudinen as director to hold office until the next annual meeting of shareholders or until their successors are duly elected or appointed, unless such office is vacated earlier in accordance with PetroTal's by-laws. Duyuru • Jun 24
PetroTal Corp. Approves the Election of Roger M. Tucker as Director PetroTal Corp. at its annual general meeting of shareholders held on June 23, 2026, approved the election of Roger M. Tucker as Director. Duyuru • Apr 15
PetroTal Corp., Annual General Meeting, Jun 23, 2026 PetroTal Corp., Annual General Meeting, Jun 23, 2026. Location: alberta, calgary Canada Duyuru • Apr 14
PetroTal Corp. to Report Q1, 2026 Results on May 07, 2026 PetroTal Corp. announced that they will report Q1, 2026 results on May 07, 2026 Duyuru • Feb 25
PetroTal Corp. Announces 2025 Year-End Oil Reserves PetroTal Corp. announced the results of its 2025 year-end reserve evaluation (the NSAI Report) by Netherland, Sewell & Associates Inc. All currency amounts are in United States dollars unless otherwise stated. Key Highlights: Proved ("1P") and Proved and Probable ("2P") reserves of 66.4 million barrels of oil ("mmbbls") and 110.2 mmbbls, respectively, approximately unchanged YoY; Replaced 106% and 76% of Bretaña 1P and 2P reserves, respectively, after the field produced 6.9 mmbbls in 2025; PDP and 1P after-tax reserve value per share (PV10AT) estimated at 0.48/sh (C0.66, or £0.36) and 0.75/sh (C1.03, or £0.56) respectively; Changes to PV10AT relative to YE24 are primarily due to a substantial reduction in forecast oil price assumptions, as well as higher development capital assumptions associated with the incorporation of additional production and water disposal wells in the Bretaña field development plan; PDP and 1P reserve life index ("RLI") estimated at 5.2 and 9.3 years, respectively; Bretaña 1P and 2P original oil in place ("OOIP") unchanged at 377 mmbbls and 494 mmbbls, respectively. The following tables summarize PetroTal's key reserves information as at December 31, 2025, as presented in the reserves report prepared by NSAI, an independent qualified reserves evaluator. Reserve volumes are presented on PetroTal 100% working interest before royalty basis; in certain tables the columns may not add due to rounding differences. PetroTal's reserve estimates have been prepared in accordance with the standards contained in the most recent publication of the Canadian Oil and Gas Evaluation Handbook (the "COGEH") and the reserves definitions contained in National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). PetroTal did not undertake any development drilling in 2025. As a result, reserves replacement is entirely due to revisions to the Bretaña field development plan. At Bretaña (Block 95, PetroTal 100% working interest), PetroTal added five (5) new production wells to the 1P development plan, and six (6) new production wells to the 2P development plan, bringing total development drilling inventory to 37 and 46 wells, respectively. The revised field development plan also includes capital for 10 water disposal wells (including conversions of two producing wells to injectors) in the 2P case, up from 6 at YE24. At the Los Angeles field (Block 131, PetroTal 100% working interest), 1P and 2P reserves decreased by 1.2 mmbbl and 1.9 mmbbl compared to YE24, respectively. Declines in Los Angeles reserves volumes are the result of revisions to the field development plan incorporating data from the 2025 workover and stimulation campaign. Most of the change in the present value of PetroTal's reserves relative to YE24 is attributable to a reduction in forecast oil pricing used by the Company's reserve evaluator. To a lesser extent, the changes in present value are also due to higher future development cost estimates linked primarily to the incorporation of additional production and water disposal wells in the Bretana field development plan, as well as additional capital for upgrades to fluid handling and field infrastructure. Net Present Value Summary: The following tables summarize NSAI's estimates of future net revenue attributable to the reserve categories noted below, both before and after income taxes. It should not be assumed that the undiscounted or discounted net present value of future net revenue attributable to reserves estimated by NSAI represent the fair market value of those reserves. Year-End 2025 Reserves Value Per Share - PV10 After Tax:
Future Development Costs: The following tables summarize future development costs deducted in the estimation of PetroTal's future net revenue attributable to the reserve categories noted below. Future development costs are capital expenditures required in the future for the Company to convert proved undeveloped reserves, probable reserves and possible reserves to proved developed producing reserves. The increase in future development cost estimates is primarily due to the incorporation of additional production and water disposal wells in the Bretaña field development plan, and additional capital for upgrades to fluid handling and field infrastructure. The revised field development plan now contemplates totals of 37/46 production wells in the 1P/2P cases, 9/14 water disposal wells, and 500,000/800,000 bfpd of fluid handling capacity. Duyuru • Jan 20
PetroTal Corp. Provides Production Guidance for the Year 2026 PetroTal Corp. provided production guidance for the year 2026. For the year, the company targets average production volumes of 11,750-12,250 barrels of oil per day. Duyuru • Jan 13
PetroTal Corp. Announces Appointment of Jorge Osorio as Chief Operating Officer, Effective January 12, 2026 PetroTal Corp. announced that effective January 12, 2026, Mr. Jorge Osorio joined PetroTal Corp. as Chief Operating Officer. In this role, Mr. Osorio oversees all major aspects of the Company's operations and strategic execution, with responsibility for field operations, engineering, production, and drilling. Mr. Osorio brings 37 years of executive leadership experience in the upstream oil and gas industry, having held senior operational and project leadership roles at Ecopetrol and BP. As Vice President of Upstream at Ecopetrol, Mr. Osorio managed a portfolio delivering 730,000 bopd, overseeing approximately $4-5 billion in annual capex and $2-3 billion in opex. Under his leadership, Ecopetrol achieved its highest production since 2016, significant EBITDA growth, and industry-leading safety metrics. He developed and led initiatives that accelerated field development, optimized reserves progression, and reduced greenhouse gas emissions, earning UN Gold Standard OGMP 2.0 recognition. Previously, Mr. Osorio held key roles in BP's Asia Pacific and Atlantic LNG operations, where he successfully implemented best practices in operational readiness, safety, and integrity. Mr. Osorio is widely recognized for translating his deep technical expertise and strategic vision into measurable results. His strong operational discipline, and collaborative leadership approach have consistently driven performance, accelerated growth, and delivered superior returns across complex portfolios. Duyuru • Oct 14
PetroTal Corp. to Report Q3, 2025 Results on Nov 13, 2025 PetroTal Corp. announced that they will report Q3, 2025 results on Nov 13, 2025 Duyuru • Sep 22
Petrotal Corp. Reaffirms Group Production Guidance for the Year 2025 PetroTal Corp. reaffirmed group production guidance for the year 2025. For the year, the company announced there is currently no change to average daily production guidance of 20,000 bopd to 21,000 bopd. Duyuru • Jul 15
Petrotal Corp. Announces Executive Change on June 13, 2025 PetroTal Corp. announced that Jose Contreras, who served as PetroTal's Chief Operating Officer since May 2023, departed the Company on June 13, 2025. Max Torres, previously PetroTal's Vice President of Exploration since August 2024, has been appointed Interim Chief Operating Officer. Mr. Torres brings over 30 years of experience in the global oil and gas industry, including senior management roles at Repsol and Ecopetrol. PetroTal thanks Mr. Contreras for his contributions and wishes him well. The company has engaged an executive search firm to find a permanent replacement for the Chief Operating Officer position. Duyuru • Jul 14
PetroTal Corp. to Report First Half, 2025 Results on Aug 07, 2025 PetroTal Corp. announced that they will report first half, 2025 results on Aug 07, 2025 Duyuru • May 12
PetroTal Corp. Declares Quarterly Cash Dividend, Payable on June 13, 2025 PetroTal's Board of Directors has declared a quarterly cash dividend of USD 0.015 per common share, payable on June 13, 2025 to shareholders of record on May 30, 2025, with an ex-dividend date of May 30, 2025. This dividend is with respect to First Quarter 2025 results and includes the recurring USD 0.015 per common share amount but no liquidity sweep this quarter due to a combination of weakening oil prices and anticipated heavier cash requirements over the next two quarters. Duyuru • Apr 28
PetroTal Corp. Appoints Denisse Abudinen to Its Board of Directors, Effective 26 April 2025 PetroTal Corp. announced 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. Denisse Abudinen joins PetroTal as an independent, non-executive Director. She has a deep background in the global oil and gas, renewable energy, and petrochemical industries, having served in senior executive leadership roles around the world. Ms. Abudinen is currently the Vice President of Low Carbon Global Market Development for Methanex Corporation, based in Vancouver, Canada. Prior to joining Methanex, Ms. Abudinen was the Chief Executive Officer of ENAP Sipetrol (Egypt) in Cairo, Egypt. She began her professional career with ENAP (the Chilean National Oil Company) in 2007, graduating through progressively senior positions in the Exploration and Production business, including Head of Corporate Strategy and Business Development, and Head of the Upstream Business with operations in Argentina, Ecuador, Egypt and Chile. Ms. Abudinen has also worked with McKinsey and Company, based out of the firm's Mexico City office as a Senior Client Development Advisor (LATAM). Ms. Abudinen holds degrees in Civil Industrial Engineering (2006) and Business (2007) from the Pontificia Universidad Catolica de Chile, and a Master's degree in International Management (2012) from King's College London. Denisse Andrea Abudinen Butto (aged 43) has held the following directorships and/or partnerships in the past five years //st Current Directorships/Partnerships Former Directorships/Partnerships (last 5 years) Fundacin San Augustin Ingenieria Civil Compaa Latinoamericana Petrolera AS Renewal Consulting Group ENAP Sipetrol Argentina SA. Duyuru • Apr 16
PetroTal Corp., Annual General Meeting, Jun 19, 2025 PetroTal Corp., Annual General Meeting, Jun 19, 2025. Duyuru • Mar 20
PetroTal Corp. Reaffirms Production Guidance for the Full Year 2025 PetroTal Corp. reaffirmed production guidance for the full year 2025. As previously announced on January 16, 2025, the company has guided to annual average production of 21,000 to 23,000 bopd in 2025, an increase of approximately 24% relatively to 2024. Duyuru • Feb 20
PetroTal Corp. Declares Cash Dividend for the First Quarter of 2025, Payable on March 14, 2025 PetroTal Corp. announced that its Board of Directors has declared a cash dividend of USD 0.015 per common share for the first quarter of 2025. Ex-Dividend date (AIM) is February 27, 2025. Ex-Dividend date (TSX) is February 28, 2025. Record date is February 28, 2025. Payment date is March 14, 2025. Duyuru • Jan 16
PetroTal Corp. Provides Production Guidance for the Full Year 2025 PetroTal Corp. provided production guidance for the full year 2025. Target average 2025 production and sales of 21,000 - 23,000 barrels of oil per day (bopd), a approximately 24% increase on 2024. Duyuru • Dec 02
PetroTal Corp. (TSX:TAL) completed the acquisition of Block 131 in Peru from Compañía Española de Petróleos, S.A. PetroTal Corp. (TSX:TAL) executed definitive agreement to acquire Block 131 in Peru from Compañía Española de Petróleos, S.A. for $5 million on May 8, 2024. The transaction is subject to regulatory approval. As of October 2, the President of Peru signed a Supreme Decree allowing for the amendment of the hydrocarbon exploration and production license for Block 131 in Peru. The parties now await the renewal of an investment certificate from the Peruvian tax authority, expected within the next 30 business days, at which point the transaction is expected to close. Evercore Group L.L.C. and Strand Hanson Limited acted as financial advisor and Stikeman Elliott LLP acted as legal advisor to PetroTal Corp.
PetroTal Corp. (TSX:TAL) completed the acquisition of Block 131 in Peru from Compañía Española de Petróleos, S.A. December 2, 2024. Duyuru • Sep 03
PetroTal Corp. Announces Operations Update PetroTal Corp. announced the following operational update. Well 20H Drilling Update and Upper Vivian Sand Test: As disclosed previously with the second quarter 2024 results on August 8, PetroTal commenced drilling Well 20H at the Bretaña field on July 26, 2024. The 20H well has allowed for the evaluation and testing of the upper Vivian formation sand ("VS1"), which for the first time will be jointly completed with the main Vivian 2 ("VS2") sand. For background, the Vivian formation at Bretaña consists of two primary sand bodies. So far, PetroTal has only produced from the VS2 sand, where permeability is an order of magnitude greater than the VS1 sand. As of year-end 2023, Netherland, Sewell and Associates Inc. estimated that about 20% of the 442 million barrels of 2P original oil in place at the Bretaña field is assigned to VS1, while all 2P reserves are allocated to VS2. The 20H well design included a short test of the VS1, to acquire crude samples and test production deliverability. During a brief production test, the VS1 flowed at an equivalent rate of approximately 320 barrels of oil per day of 18.6 API oil, which is of similar gravity to the VS2 oil. PetroTal has decided to complete the 20H well in both sands. Once sufficient production data has been collected, the Company will evaluate the possibility of amending its field development plan to include the VS1, with a view to potentially including the unit in Bretaña's future 2P oil reserves certification. If expectations of low production of formation water volumes from the VS1 are confirmed, oil produced from the VS1 conceptually should not require additional water treatment facilities to be constructed. The well is now drilling ahead in the main VS2 target and is expected to be completed by the end of September. Duyuru • Aug 09
PetroTal Corp. Declares Cash Dividend for the Third Quarter of 2024, Payable on September 13, 2024 PetroTal Corp. announced cash dividend of USD 0.015 per common share has been declared to be paid in third quarter of 2024. Record date is August 30, 2024. Payment date is September 13, 2024. Duyuru • May 25
PetroTal Corp. Announces Executive Changes PetroTal Corp. announced that effective May 15, 2024, Mr. Sudan I. Maccio joined PetroTal Corp. as Chief Legal Counsel and Corporate Secretary. Mr. Maccio brings over 30 years of extensive legal expertise in global energy, encompassing a wide range of legal, commercial, and leadership roles, including strategic projects, advising the board on corporate governance, risk management strategy, high-exposure litigation, cross-border matters, and internal investigations. Mr. Maccio recently served as General Counsel and Corporate Secretary of Ecopetrol USA Inc., based in Houston Texas. Before Ecopetrol, Mr. Maccio was in private practice where he provided legal support to multibillion dollar M&A transactions in the refining and petrochemical sectors. His prior roles included serving as Assistant General Counsel at Eni US Operating Company, as well as in-house roles with Valerus Compression Services LP, BJ Services Company, Baker Hughes Inc., and Harvest Natural Resources, where he developed a strong track record supporting US domestic and international (Latin America) oil and gas transactions and operations. Mr. Maccio is a candidate for an Executive MBA from Mays Business School at Texas A&M University, holds an LL.M. from the University of Illinois College of Law, and a law degree from the Táchira Catholic University School of Law. He is a member of the Texas Bar (2008). In addition, effective March 31, 2024 Mr. Jose Contreras was promoted to Chief Operating Officer from his previous role as Senior Vice President, Operations. Mr. Contreras will oversee all of PetroTal's operations and lead the overall operational growth strategy for the Company. Duyuru • May 23
PetroTal Corp. (TSX:TAL) announces an Equity Buyback for 14,600,000 shares, representing 2% for $12 million. PetroTal Corp. (TSX:TAL) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 14,600,000 common shares, representing 2% of its issued share capital for $12 million. The purpose of the program is enhancing shareholder returns. The repurchased shares acquired under the bid will be cancelled. The repurchase program is valid till May 23, 2025. Duyuru • May 10
PetroTal Corp. Declares Cash Dividend, Payable on June 14, 2024 PetroTal Corp. announced that a cash dividend of USD 0.015 per common share has been declared to be paid in Second Quarter 2024. Ex dividend date: May 30, 2024. Record date: May 31, 2024. Payment date: June 14, 2024. Duyuru • Apr 09
PetroTal Corp., Annual General Meeting, Jun 19, 2024 PetroTal Corp., Annual General Meeting, Jun 19, 2024. Duyuru • Mar 20
PetroTal Corp. to Report Fiscal Year 2023 Results on Mar 21, 2024 PetroTal Corp. announced that they will report fiscal year 2023 results on Mar 21, 2024 Duyuru • Feb 14
PetroTal Corp. Announces Dividend Declaration for the Fourth Quarter of 2023, Payable on March 15, 2024 PetroTal Corp. announced a dividend declaration of USD 0.02 per share payable on March 15, 2024 based on Fourth Quarter 2023 results and January 2024 liquidity test. The total dividend of USD 0.02 per common share will be paid according to the following timetable: Ex dividend date: February 28, 2024, Record date: February 29, 2024,Payment date: March 15, 2024. Duyuru • Jan 22
Petrotal Corp. Provides Production Guidance for the Year 2024 PetroTal Corp. provided production guidance for the year 2024. For the year, the company expects Average 2024 production and sales target of 17,000 barrels of oil per day ("bopd"), expected to grow 20% year on year. The production forecast assumes a dry season as severe as in 2023 with a quarterly profile of (Q1 18,500 bopd, Second Quarter 19,000 bopd, Third Quarter 13,000 bopd, Fourth Quarter 17,500 bopd). Duyuru • Jan 10
Petrotal Corp. Provides Production Guidance for the Fourth Quarter of 2023 PetroTal Corp. provided production guidance for the fourth quarter of 2023. For the quarter, the company expects range of 14,000 bopd to 15,000 bopd. Duyuru • Nov 30
PetroTal Corp. Announces Drilling Commencement of Well 16H PetroTal Corp. announced the drilling commencement of well 16H, the first well to be drilled from the new L2 West platform. The well is expected to cost approximately $15 million with completion and initial production expected in January 2024. Duyuru • Oct 16
PetroTal Corp. Provides Production Guidance for the Fourth Quarter and Full Year 2023 PetroTal Corp. provided production guidance for the fourth quarter and full year 2023. For the quarter, the company's production is expected between 14,000 bopd and 14,500 bopd.For the year, the company 's production is near the lower range of 14,000 bopd to 15,000 bopd assuming the river levels recover in December 2023. Duyuru • Oct 12
PetroTal Corp. Appoints Emily Morris as Independent Non-Executive Director PetroTal Corp. announced that Emily Morris has joined the PetroTal board of directors. The Company welcomes Emily Morris, who was recently appointed to PetroTal's Board. Ms. Morris joins as an independent non-executive director, bringing over 20 years of experience in energy capital markets, M&A and ESG to the Board. Ms. Morris is currently a private corporate finance consultant, having previously led the energy team for a number of investment banks in London. Her career spans equity research, fund management, sales, corporate broking and advisory across the energy and resources sectors. Emily Morris, aged 47, previous name is Emily Matthews. Current Directorships: Brillington Limited. Directorships held over the past 5 years: The African Foundation For Resources & Industry. Duyuru • Jul 07
Petrotal Corp. Announces Executive Changes PetroTal Corp. announced the appointment of Mr. Felipe Arbelaez Hoyos to PetroTal's Board as an independent non-executive director. Mr. Arbelaez Hoyos is currently the Senior Vice President Hydrogen and Carbon Capture Systems ("CCS") for BP Energy in London. Mr. Arbelaez Hoyos is a Mechanical Engineer with a Masters in both Mechanical Engineering and Finance. Duyuru • Jun 10
PetroTal Corp. Announces Update to the AIDECOBAP Illegal River Blockade PetroTal Corp. announced the following updates related to the illegal river blockade. As of June 8, 2023, The Indigenous Association for Development and Conservation of Bajo Puinahua seized and are holding two oil transport convoys. The first is an empty Brazilian convoy, with a crew of six and a total capacity of 70,000 barrels of oil that was traveling to the Bretana field. The second was a Peruvian convoy which contained approximately 40,000 barrels of oil and was destined for the Iquitos refinery. It has a crew of eight Peruvian nationals, none of whom are PetroTal employees. The Company does not own or operate either convoy, both of which are being held near the town of 7 de Junio. During the hostile takeover of the convoys, a Navy sailors was injured in the head with a spear requiring minor medical attention. The Peruvian navy has been activated and will remain nearby to monitor the integrity of the vessels and health of the crew. AIDECOBAP continues to prevent the transit of ships in the Puinahua channel with a group of approximately sixty people and ten boats. The residents of Bretana have expressed their strong opposition to the blockade of the river system which has halted PetroTal's operations. On June 8, 2023, the Presidency of the Council of Ministers and the Ministry of Energy and Mines held a meeting with AIDECOBAP to better understand their claims and reasons for engagement. PetroTal was also invited to this meeting and a de-escalation plan has been actioned which is a positive step towards reaching resolution. The Company has, and always will, strive for full alignment between all working table and social fund members to achieve the social fund's objectives. PetroTal is working with all parties to help the Government of Peru generate a rapid, peaceful, and safe resolution to the blockade. The Company's 2023 oil production forecast included planned downtime and a 5% social downtime contingency in its 2023 guidance to allow for social disruption. Duyuru • Jun 09
Petrotal Corp. Announces Illegal River Blockade PetroTal Corp. announced an illegal and violent river blockade against vessels that provide services to PetroTal. As of June 3, 2023, The Indigenous Association for Development and Conservation of Bajo Puinahua ("AIDECOBAP") has engaged in carrying out an illegal blockade in the Puinahua Canal against all ships providing services to the Company, including barges that transport oil, and vessels carrying critical camp supplies. AIDECOBAP is using aggressive actions which are endangering the lives of vessel crew and local residents. The blockade ignores the recently signed agreements which adopt a transparent, fair, and participatory approach to allocating social fund resources where over $8 million has already been accumulated from PetroTal into a restricted bank account. During social related downtime, over $50,000 per day is forfeited from future trust allocations. PetroTal has called for an immediate and peaceful end to the blockade so that safe river transportation operations can resume, as previously formalized by the working table committee participants and announced on May 30, 2023. This river access disruption coincides with planned production reductions that will allow the Company to tie in previously installed infrastructure and modify production operations that will economically benefit future oil production. June 2023 month to date oil production has averaged approximately 10,000 barrels of oil per day ("bopd') prior to the field installation work, commencing June 8, 2023, where the field will be shut in for approximately five days. The Company's 2023 oil production forecast included this planned downtime and a 5% social downtime contingency in its 2023 guidance to allow for social disruption. Duyuru • May 16
Petrotal Corp. Confirms Cash Dividend for First Quarter 2023, Payable June 15, 2023 PetroTal Corp. confirmed that its cash dividend of USD 0.015 per common share in respect of First Quarter 2023 operations will paid according to the following timetable:Ex-dividend date: May 30, 2023, Record date: May 31, 2023, Payment date: June 15, 2023. Duyuru • Feb 16
PetroTal Corp.(TSXV:TAL) dropped from S&P/TSX Venture Composite Index PetroTal Corp.(TSXV:TAL) dropped from S&P/TSX Venture Composite Index