Petrotal Corp Stock Price, News & Analysis

PetroTal Corp. (OTCQX: PTALF) reported Q2 2025 financial results with average production of 21,039 bopd and sales of 20,578 bopd. The company generated $44.3 million in Adjusted EBITDA ($23.66/bbl) and $27.2 million in Free Funds Flow ($14.55/bbl).

Key financial metrics include net income of $17.5 million ($9.35/bbl) and total cash of $142.1 million, with $99.3 million unrestricted. The company declared a quarterly dividend of $0.015/share, payable September 12, 2025.

Due to drilling delays and lower oil prices, PetroTal revised its 2025 production guidance down to 20,000-21,000 bopd from 21,000-23,000 bopd, with reduced capital expenditure guidance of $80 million, down from $140 million.

PetroTal Corp. (OTCQX: PTALF) reported strong Q2 2025 operational and financial results, with group production averaging 21,039 barrels of oil per day (bopd), marking a 15% increase year-over-year. The company's H1 2025 production reached 22,160 bopd, up 20% from H1 2024.

Key financial highlights include a total cash position of $142.1 million as of June 30, 2025, with $99.3 million unrestricted. The company paid a quarterly dividend of $0.015 per share, bringing year-to-date shareholder returns to $30 million. PetroTal successfully completed three out of four electric submersible pump replacements at the Bretana field, restoring approximately 3,300 bopd of production capacity.

The company maintains production hedges on 35% of forecast 2025 production volumes with Brent floor price of $65.00/bbl and ceiling of $82.50/bbl. Additionally, Max Torres has been appointed as Interim Chief Operating Officer following Jose Contreras's departure.

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.