Houston, TX -
April 22, 2021-PetroTal Corp. ( PetroTal or the Company ) (TSXV: TAL and AIM: PTAL) is pleased to announce its financial and operating results for the year and the three months ( Q4 ) ended
December 31, 2020.
Selected financial, reserves and operational information is outlined below and should be read in conjunction with the Company s audited consolidated financial statements ( Financial Statements ), management s discussion and analysis ( MD&A ) and annual information form ( AIF ) for the year ended
December 31, 2020, which are available on SEDAR at www.sedar.com and on the Company s website at www.PetroTal‐Corp.com. Reserves numbers presented herein were derived from an independent reserves report (the NSAI Report ) prepared by Netherland, Sewell & Associates, Inc. ( NSAI ) effective
PetroTal Corp : PetroTal Announces 2020 Year-End Financial and Operating Results
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PetroTal Announces 2020 Year-End Financial and Operating Results
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Peru: PetroTal completes agreement with Petroperu on enhanced oil sales contract
19 Jan 2021
PetroTal has announced that it has executed final agreements with
Petroperu to complete the restructuring of the contingent liability referenced in PetroTal’s June 12, 2020 press release and to
extend the oil sales contract with Petroperu for an additional two years.
Highlights
Oil sales to Petroperu under the Oil Sales Contract for deliveries through the Northern Oil Pipeline (“ONP”) have been extended for an additional two years beyond December 23, 2020;
At PetroTal’s expense, Petroperu will place commodity price hedges on all oil sold through the ONP, after the oil is delivered by PetroTal to Pump Station # 1 at Saramuro, which will substantially limit PetroTal’s exposure to the impact of oil price fluctuations in the period until Petroperu ultimately sells the oil from the Bayovar port;