CALGARY and HOUSTON, Oct. 31,
2018 /CNW/ - PetroTal Corp. ("PetroTal" or the
"Company") (TSX-V: TAL) announces the grant of performance
share units ("PSUs") to an officer of the Company.
The Company granted 106,667 PSUs to an officer of the Company in
accordance of the provisions of the Company's PSU plan. The PSUs
will vest annually over three years and each PSU will entitle the
holder to acquire between zero and two common shares of the Company
("Common Shares"), subject to the achievement of performance
conditions relating to the Company's total shareholder return, net
asset value and certain production and operational milestones.
Further details regarding the PSU plan are set out in the
management information circular of the Company dated April 30, 2018, which is available on SEDAR at
www.sedar.com.
ABOUT PETROTAL
PetroTal is a publicly-traded oil and gas development and
production company domiciled in Calgary,
Alberta, focused on the development of oil assets in
Peru. The Company's management team has significant
experience in developing oil fields in Northern Peru and is focused on safely and
cost effectively developing and exploiting the Bretaña oil field in
Block 95 and evaluating the promising Osheki prospect in Block
107.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
SOURCE PetroTal Corporation