TIDMPTAL
RNS Number : 7237Y
PetroTal Corp.
05 January 2024
PetroTal Announces PSU Share Issuance and Total Voting
Rights
Calgary, AB and Houston, TX - January 5, 2024 - PetroTal Corp.
("PetroTal" or the "Company") (TSX: TAL, AIM: PTAL and OTCQX:
PTALF) announces issuance of Common Shares to employees pursuant to
annually vested performance share unit plan ("PSU").
PSU Issue
PetroTal has issued an aggregate of 6,959,115 Common Shares to
employees pursuant to the annual obligation to issue vested
performance share units under the Company's performance and
restricted share unit plan, as approved by the TSX Venture Exchange
on December 12, 2019.
Shares issued to directors or officers of the Company are as
follows:
Manolo Zuniga - President and Chief Executive Officer -
3,481,306 shares (net of withholding taxes)
Douglas Urch - Executive Vice President and Chief Financial
Officer - 922,683 shares (net of withholding taxes)
Dewi Jones - Vice President Exploration and Development -724,786
shares (net of withholding taxes)
Further details regarding the Company's PSU plan are set out in
the management information circular of the Company dated May 3,
2023, which is available on SEDAR at www.sedar.com .
Application will be made for a total admission of 6,959,115
Common Shares to trading on AIM ("Admission"), which will rank pari
passu with existing Common Shares, expected to occur on or around
January 10, 2024.
Following Admission, PetroTal will have 919,273,461 common
shares issued and there are no shares held in treasury. This figure
may be used by shareholders as the denominator for the calculations
to determine if they are required to notify their interest in, or a
change of their interest in, the Company under the FCA's Disclosure
Guidance and Transparency Rules.
PDMR Notification Form :
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Manuel Pablo Zuniga-Pflucker
Douglas Urch
Dewi Jones
-------------------------------- --------------------------------------------
2. Reason for the Notification
------------------------------------------------------------------------------
a) Position/status President & Chief Executive Officer
Executive Vice President & Chief Financial
Officer
Vice President Exploration & Development
-------------------------------- --------------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- --------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name PetroTal Corp.
-------------------------------- --------------------------------------------
b) LEI 21380047ER33PRH4XH56
-------------------------------- --------------------------------------------
4. Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
------------------------------------------------------------------------------
a) Description of the Financial PetroTal Corp. Common Shares
instrument, type of instrument
-------------------------------- --------------------------------------------
Identification code CA71677J1012
-------------------------------- --------------------------------------------
b) Nature of the Transaction Issue of Common Shares under the Company's
performance and restricted share unit
plan
-------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
n/a 3,481,306
n/a 922,683
n/a 724,786
----------
-------------------------------- --------------------------------------------
d) Aggregated information n/a
Aggregated volume Price
-------------------------------- --------------------------------------------
e) Date of the transaction 5 January 2024
-------------------------------- --------------------------------------------
f) Place of the transaction n/a
-------------------------------- --------------------------------------------
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) 20 7770 6424
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
T: +44 (0) 20 7710 7600
Peel Hunt LLP (Joint Broker)
Richard Crichton / David McKeown / Georgia Langoulant
T: +44 (0) 20 7418 8900
READER ADVISORIES
FORWARD-LOOKING STATEMENTS: This press release contains certain
statements that may be deemed to be forward-looking statements.
Such statements relate to possible future events, including, but
not limited to, oil production levels and guidance, including the
ramp up and resumption of shut-in production. All statements other
than statements of historical fact may be forward-looking
statements. Forward-looking statements are often, but not always,
identified by the use of words such as "anticipate", "believe",
"expect", "plan", "estimate", "potential", "will", "should",
"continue", "may", "objective" and similar expressions. Without
limitation, this press release contains forward-looking statements
pertaining to: the appointment of an additional director during the
forthcoming year; expectations surrounding disrupted barge
logistics and the consequences in respect thereof, including in
relation to the Company's ability to maintain production at about
22,000 bopd ; effects of the illegal blockade removal and release
of oil convoys in respect of overall safety in the Loreto area;
PetroTal's recommendations and expectations surrounding furniture
negotiations with AIDECOBAP and future social fund allocation
decisions. In addition, statements relating to expected production,
reserves, recovery, replacement, costs and valuation are deemed to
be forward-looking statements as they involve the implied
assessment, based on certain estimates and assumptions that the
reserves described can be profitably produced in the future. The
forward-looking statements are based on certain key expectations
and assumptions made by the Company, including, but not limited to,
expectations and assumptions concerning the ability of existing
infrastructure to deliver production and the anticipated capital
expenditures associated therewith, the ability of government groups
to effectively achieve objectives in respect of reducing social
conflict and collaborating towards continued investment in the
energy sector, including pursuant to Acta, reservoir
characteristics, recovery factor, exploration upside, prevailing
commodity prices and the actual prices received for PetroTal's
products, including pursuant to hedging arrangements, the
availability and performance of drilling rigs, facilities,
pipelines, other oilfield services and skilled labour, royalty
regimes and exchange rates, the impact of inflation on costs, the
application of regulatory and licensing requirements, the accuracy
of PetroTal's geological interpretation of its drilling and land
opportunities, current legislation, receipt of required regulatory
approval, the success of future drilling and development
activities, the performance of new wells, future river water
levels, the Company's growth strategy, general economic conditions
and availability of required equipment and services. Although the
Company believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements because the
Company can give no assurance that they will prove to be correct.
Since forward-looking statements address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. Actual results
could differ materially from those currently anticipated due to
a number of factors and risks. These include, but are not limited
to, risks associated with the oil and gas industry in general
(e.g., operational risks in development, exploration and
production; delays or changes in plans with respect to exploration
or development projects or capital expenditures; the uncertainty of
reserve estimates; the uncertainty of estimates and projections
relating to production, costs and expenses; and health, safety and
environmental risks), commodity price volatility, price
differentials and the actual prices received for products, exchange
rate fluctuations, legal, political and economic instability in
Peru, access to transportation routes and markets for the Company's
production, changes in legislation affecting the oil and gas
industry and uncertainties resulting from potential delays or
changes in plans with respect to exploration or development
projects or capital expenditures; changes in the financial
landscape both domestically and abroad, including volatility in the
stock market and financial system; and wars (including Russia's war
in Ukraine). Please refer to the risk factors identified in the
Company's most recent AIF and MD&A which are available on SEDAR
at www.sedar.com. The forward-looking statements contained in this
press release are made as of the date hereof and the Company
undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of
new information, future events or otherwise, unless so required by
applicable securities laws.
OIL REFERENCES: All references to "oil" or "crude oil"
production, revenue or sales in this press release mean "heavy
crude oil" as defined in NI 51-101.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHFZGGMZDLGDZZ
(END) Dow Jones Newswires
January 05, 2024 02:00 ET (07:00 GMT)
Petrotal (LSE:PTAL)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Petrotal (LSE:PTAL)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024