PetroTal Corp. Management Appointment (0529Y)
02 5월 2023 - 3:00PM
UK Regulatory
TIDMPTAL
RNS Number : 0529Y
PetroTal Corp.
02 May 2023
PetroTal Announces Management Appointment
José Contreras as Senior Vice President, Operations
Calgary, AB and Houston, TX - May 2, 2023-PetroTal Corp.
("PetroTal" or the "Company") (TSX: TAL, AIM: PTAL and OTCQX:
PTALF) announces the appointment of José L Contreras as Senior Vice
President, Operations effective May 1, 2023.
Mr. Contreras is an executive in the international oil and gas
industry with over 25 years of experience and a successful track
record managing large and complex field and technical upstream
operations for various sized energy companies.
Since 2017, Mr. Contreras has held various executive roles
ranging from guiding international safety, security, and
sustainability performance for projects and drilling; ensuring safe
and efficient upstream and midstream onshore operations in the U.S.
while implementing bottom line improvement programs; to managing
low carbon (blue) ammonia/hydrogen new value chain
opportunities.
Mr. Contreras holds a Bachelor of Science in Chemical
Engineering from the Universidad Central de Venezuela and a Master
of Science in Petroleum Engineering and Project Development from
the Institut Français du Pétrole.
PSU grants
PetroTal has granted 760,111 Performance Share Unit ('PSUs") to
Mr. Contreras, which will vest three years from the date of grant
with each PSU entitling the holder to acquire, for nil cost,
between zero and two common shares of the Company, subject to
achievement, as evaluated by the Corporate Governance and
Compensation Committee, of 2023 Key Performance Indicators relating
to the Company's total shareholder return, net asset value and
certain production and operational milestones.
Manuel Pablo Zuniga-Pflucker, President and Chief Executive
Officer, commented:
"On behalf of the management team and board we want to extend a
warm welcome to Mr. Contreras. José has a very impressive
background in energy and complements our existing leadership team
extremely well. José is based in the Houston area and will be
integral to building out future operating and development plans
with the team in Lima and Houston."
ABOUT PETROTAL
PetroTal is a publicly traded, tri--quoted (TSX: TAL, AIM: PTAL
and OTCQX: PTALF) oil and gas development and production Company
domiciled in Calgary, Alberta, focused on the development of oil
assets in Peru. PetroTal's flagship asset is its 100% working
interest in Bretana oil field in Peru's Block 95 where oil
production was initiated in June 2018. In early 2022, PetroTal
became the largest crude oil producer in Peru. The Company's
management team has significant experience in developing and
exploring for oil in Peru and is led by a Board of Directors that
is focused on safely and cost effectively developing the Bretana
oil field. It is actively building new initiatives to champion
community sensitive energy production, benefiting all
stakeholders.
For further information, please see the Company's website at
www.petrotal-corp.com , the Company's filed documents at
www.sedar.com , or below:
Douglas Urch
Executive Vice President and Chief Financial Officer
Durch@PetroTal-Corp.com
T: (713) 609-9101
Manolo Zuniga
President and Chief Executive Officer
Mzuniga@PetroTal-Corp.com
T: (713) 609-9101
PetroTal Investor Relations
InvestorRelations@PetroTal-Corp.com
Celicourt Communications
Mark Antelme / Jimmy Lea
petrotal@celicourt.uk
T : 44 (0) 208 434 2643
Strand Hanson Limited (Nominated & Financial Adviser)
Ritchie Balmer / James Spinney / Robert Collins
T: 44 (0) 207 409 3494
Stifel Nicolaus Europe Limited (Joint Broker)
Callum Stewart / Simon Mensley / Ashton Clanfield
Tel: +44 (0) 20 7710 7600
Auctus Advisors LLP (Joint Broker)
Jonathan Wright
T: +44 (0) 7711 627449
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END
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