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PetroTal Corp.: PetroTal Announces Q1 2021 Financial and Operating Results

PetroTal secures liquidity, improves risk management position, and advances offtake optionality prior to executing an operationally focused and pivotal development plan
Calgary, Alberta and Houston, Texas (Newsfile ....

United States , James Spinney Ritchie Balmer , Dewi Jones , Mark Antelme Jimmy Lea , Manuel Pablo Zuniga Pflucker , Jonathan Wright Rupert Holdsworth , National Instrument , Celicourt Communications , Stifel Nicolaus Europe Limited Joint Broker , Strand Hanson Limited Nominated Financial Adviser , Auctus Advisors , Intercontinental Exchange , Venture Exchange , Regulation Services Provider , Texas Newsfile Corp , Petrotal Corp , North Peruvian Pipeline , Selected Financial , Pablo Zuniga Pflucker , Chief Executive Officer , Vice President , Chief Financial , Chief Executive , Hanson Limited , Financial Adviser , Nicolaus Europe Limited ,

PetroTal Announces Q1 2021 Financial and Operating Results

PetroTal secures liquidity, improves risk management position, and advances offtake optionality prior to executing an operationally focused and pivotal development plan Calgary, Alberta and Houston, Texas (Newsfile Corp. - May 31, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") is pleased to announce its financial and operating results for the three months ("Q1") ended March 31, 2021.Selected financial and operational information is outlined below and should be read in conjunction with the . ....

United States , James Spinney Ritchie Balmer , Dewi Jones , Mark Antelme Jimmy Lea , Manuel Pablo Zuniga Pflucker , Jonathan Wright Rupert Holdsworth , Celicourt Communications , Stifel Nicolaus Europe Limited Joint Broker , Strand Hanson Limited Nominated Financial Adviser , Auctus Advisors , Intercontinental Exchange , Petrotal Corp , Texas Newsfile Corp , North Peruvian Pipeline , Selected Financial , Pablo Zuniga Pflucker , Chief Executive Officer , Vice President , Chief Financial , Chief Executive , Hanson Limited , Financial Adviser , Nicolaus Europe Limited , Joint Broker , Simon Mensley , Rupert Holdsworth Hunt ,

PetroTal Corp.: PetroTal Provides Risk Management Update

PetroTal Corp.: PetroTal Provides Risk Management Update
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United States , James Spinney Ritchie Balmer , Mark Antelme Jimmy Lea , Manuel Pablo Zuniga Pflucker , Jonathan Wright Rupert Holdsworth , National Instrument , Celicourt Communications , Stifel Nicolaus Europe Limited Joint Broker , Strand Hanson Limited Nominated Financial Adviser , Auctus Advisors , Intercontinental Exchange , Regulation Services Provider , Venture Exchange , Texas Newsfile Corp , Petrotal Corp , North Peruvian Pipeline , Peruvian Sol , Pablo Zuniga Pflucker , Chief Executive Officer , Northern Peru , Vice President , Chief Financial , Chief Executive , Hanson Limited , Financial Adviser , Ritchie Balmer ,

PetroTal Corp. (AIM:PTAL) | RNS | PetroTal Corp. - Risk Management Update

- Further to the Company s press release dated
March 31, 2021, the remaining 1.4 million barrels of oil in the North Peruvian Pipeline ( ONP ) have now been hedged by Petroperu, thereby securing future total true-up revenue payments of approximately
USD$31 million for the original 1.8 million barrels;
- At the corporate level, over 1.2 million barrels in total are now hedged, representing 32% of forecast oil production for
April 2021 to
December 2021. PetroTal completed a second layer of its oil hedging program for 2021. Approximately 338,000 barrels have been hedged (representing 9% of forecast oil production covering
August 2021 to
December 2021) in a Put structure with a
$60/bbl strike. In addition, 284,000 barrels have been hedged (representing 8% of forecast oil production covering ....

United States , James Spinney , Callum Stewart Simon Mensley , Jonathan Wright , Harry Baker , Mark Antelme , Ashton Clanfield , Jimmy Lea , Manuel Pablo Zuniga Pflucker , Ritchie Balmer , National Instrument , Celicourt Communications , Stifel Nicolaus Europe Limited Joint Broker , Strand Hanson Limited Nominated Financial Adviser , Auctus Advisors , Intercontinental Exchange , Regulation Services Provider , Venture Exchange , Petrotal Corp , Petrotal Provides Risk Management Update , North Peruvian Pipeline , Peruvian Sol , Pablo Zuniga Pflucker , Chief Executive Officer , Vice President , Chief Financial ,