Petrotal Corp Stock Price, News & Analysis

PetroTal Corp. (PTALF) held its annual general meeting on June 19, 2025, with 44.02% of shareholders participating, representing 403,104,944 common shares. Shareholders approved all resolutions, including the election of eight directors with strong approval ratings above 95%. Notable appointments include Manuel Pablo Zuniga-Pflucker (99.5% approval) and Mark McComiskey (99.08% approval). Deloitte LLP was reappointed as auditors with 99.35% approval. Significantly, shareholders approved a special resolution authorizing a share consolidation ratio between 5:1 and 10:1 with 98.38% support, indicating strong shareholder confidence in the company's strategic decisions.

PetroTal Corp. (PTALF) has announced the renewal of its Normal Course Issuer Bid (NCIB) share buyback program, following TSX approval. The new NCIB allows PetroTal to purchase up to 45,776,656 common shares (5% of outstanding shares) over 12 months from June 3, 2025 to June 2, 2026. Purchases will be made through TSX, alternative trading systems in Canada, and AIM at market prices. The daily purchase limit on TSX is set at 163,942 shares, with block purchase exceptions allowed weekly. The company has renewed its buyback agreement with Stifel Nicolaus Europe Limited and implemented an automatic share purchase plan (ASPP). Under the previous NCIB ending May 22, 2025, PetroTal repurchased 5,361,533 shares at an average price of $0.4669 per share.

PetroTal (PTALF) has secured a $65 million term loan from BanBif and COFIDE to finance erosion control infrastructure near the Bretana oil field in Peru. The loan features a fixed annual rate of 8.65% and a 4-year amortizing term, drawable in two tranches ($50M and $15M). This marks COFIDE's first environmental and social financing loan in Peru's extractive sector. The project, estimated to cost $65-75 million total with $35-40 million budgeted for 2025, aims to protect both operations and local communities. PetroTal has already invested $21 million in the region through a 2.5% social fund. The loan includes manageable covenants with a liquidity ratio >1.2x, debt ratio <2.0x, and debt service coverage ratio >1.2x, allowing dividend distributions if covenants are met.

PetroTal (PTALF) reported strong Q1 2025 financial results with record-high production and sales of approximately 23,280 barrels of oil per day. The company generated Adjusted EBITDA of $71.9 million ($34.29/bbl) and Net Income of $30.9 million ($14.72/bbl). Free Funds Flow reached $48.2 million, marking their second-best quarter since inception. The company maintained a robust cash position of $113.6 million and arranged a new $65 million term loan facility with Peruvian banks. PetroTal declared a quarterly dividend of $0.015/share, payable June 13, 2025. While facing recent oil price declines, the company is prepared to adjust its capital expenditure plans and has hedged approximately 40% of its remaining 2025 production volumes with a floor price of $65/bbl.

PetroTal Corp (TSX: TAL, AIM: PTAL, OTCQX: PTALF) has announced the appointment of Denisse Abudinen as a new independent, non-executive Director, effective immediately. Ms. Abudinen, currently Vice President of Low Carbon Global Market Development at Methanex , brings extensive experience in oil and gas, renewable energy, and petrochemical industries.

Abudinen's background includes serving as CEO of ENAP Sipetrol (Egypt) and various senior positions at ENAP, where she managed operations across Argentina, Ecuador, Egypt, and Chile. She holds degrees in Civil Industrial Engineering and Business from Pontificia Universidad Catolica de Chile, and a Master's in International Management from King's College London.

The company also announced its 2025 Annual General Meeting scheduled for June 19, 2025, at 10:00am MT/16:00 UK time. Management Information Circular and Proxy Statement will be available by May 9, 2025.

PetroTal Corp (PTALF) reported strong Q1 2025 operational results with group production averaging 23,280 barrels of oil per day (bopd), including contributions from Block 131. The Bretana field achieved a record quarterly production of 22,660 bopd, marking a 17% increase from Q4 2024 and 22% from Q1 2024.

The company maintained a stable financial position with total cash of $114 million as of March 31, 2025. Well performance has been impressive, with Well 23H producing an average of 3,363 bopd in March 2025 and reaching a peak of 5,110 bopd. Well 22H averaged 4,386 bopd in March 2025.

PetroTal has implemented hedging strategies, with costless collars covering 40% of forecast 2025 production at a Brent floor price of $65.00/bbl and a ceiling of $82.50/bbl, with a cap of $102.50/bbl. The hedges had a present value of approximately $11 million as of April 7.

PetroTal Corp (TSX: TAL, AIM: PTAL, OTCQX: PTALF) has announced a modification to its normal course issuer bid (NCIB) share buyback program. The key change allows the company to either cancel purchased shares or temporarily hold them in treasury for employee share awards. This amendment follows the NCIB renewal announcement made on May 22, 2024, with all other aspects of the program remaining unchanged.

PetroTal Corp. (PTALF) reported strong Q4 and full-year 2024 results, with production exceeding guidance. Q4 2024 saw average sales of 19,087 bopd and production of 19,142 bopd, while FY 2024 achieved 17,558 bopd in sales and 17,785 bopd in production, marking a 25% increase from 2023.

Financial highlights include:

• EBITDA of $40.2 million in Q4 and $237 million in FY 2024
• Development capex of $50.6 million in Q4 and $163 million in FY 2024
• Annual free funds flow of $74.1 million
• Available cash of $103 million at year-end 2024

The company paid its eighth consecutive quarterly dividend of $0.015/share in March 2025. Total shareholder returns in 2024 included $0.06/share in dividends and 11.3 million shares repurchased, totaling approximately $65 million. YTD 2025 production has averaged 23,200 bopd, with strong performance from newly drilled wells.

PetroTal Corp (TSX: TAL, AIM: PTAL, OTCQX: PTALF) has declared a Q1 2025 cash dividend of USD $0.015 per common share, based on Q4 2024 financial results. The dividend payment schedule is as follows: Ex-Dividend date for AIM is February 27, 2025, Ex-Dividend date for TSX is February 28, 2025, Record date is February 28, 2025, and Payment date is March 14, 2025.

The dividend qualifies as an eligible dividend under the Income Tax Act (Canada). The company notes that future dividends may fluctuate according to their return of capital policy. International shareholders are advised to consult their brokers regarding appropriate tax election forms.