REG - PetroTal Corp. - Appointment of New Director & Notice of AGM

PetrotalAnnouncement

25/04/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250425:nRSY1382Ga&default-theme=true

RNS Number : 1382G  PetroTal Corp.  25 April 2025

PetroTal Announces Appointment of New Director and Provides Notice of Annual
General Meeting

 

Calgary, AB and Houston, TX - April 25, 2025 - PetroTal Corp. ("PetroTal" or
the "Company") (TSX: TAL, AIM: PTAL and OTCQX: PTALF) is pleased to announce
the appointment of Ms. Denisse Abudinen to its Board of Directors, effective
immediately. Ms. Abudinen will join PetroTal's existing Directors in standing
for re-election at the Company's annual general meeting, which has been
scheduled for June 19, 2025.

Background on Denisse Abudinen

Denisse Abudinen joins PetroTal as an independent, non-executive Director. She
has a deep background in the global oil and gas, renewable energy, and
petrochemical industries, having served in senior executive leadership roles
around the world. Ms. Abudinen is currently the Vice President of Low Carbon
Global Market Development for Methanex Corporation, based in Vancouver,
Canada. Prior to joining Methanex, Ms. Abudinen was the Chief Executive
Officer of ENAP Sipetrol (Egypt) in Cairo, Egypt. She began her professional
career with ENAP (the Chilean National Oil Company) in 2007, graduating
through progressively senior positions in the Exploration and Production
business, including Head of Corporate Strategy and Business Development, and
Head of the Upstream Business with operations in Argentina, Ecuador, Egypt and
Chile. Ms. Abudinen has also worked with McKinsey and Company, based out of
the firm's Mexico City office as a Senior Client Development Advisor (LATAM).

Ms. Abudinen holds degrees in Civil Industrial Engineering (2006) and Business
(2007) from the Pontificia Universidad Catolica de Chile, and a Master's
degree in International Management (2012) from King's College London.

Manuel Pablo Zuniga-Pflucker, President and Chief Executive Officer,
commented:

"I would like to join my fellow directors in extending a warm welcome to
Denisse Abudinen. She brings a wealth of experience in the global oil and gas
industry, that will strengthen our leadership as PetroTal focuses on executing
its growth and development strategy."

 

Notice of Annual General Meeting

PetroTal is pleased to announce its 2025 annual general meeting of
shareholders ("AGM") will be held on June 19, 2025 at 10:00am MT/16:00 UK
time.  The Company's Management Information Circular and Proxy Statement in
respect of the AGM is expected to be filed on www.sedarplus.ca
(http://www.sedarplus.ca/) and the Company's website (www.petrotalcorp.com
(http://www.petrotalcorp.com/) ) by May 9, 2025.  Interested attendees will
be able to join the meeting using the virtual link below.

meetnow.global/MF46HLN

 

Further information on Denisse Abudinen's appointment

The following details in relation to the appointment of Denisse Abudinen to
the Board are disclosed in accordance with AIM Rule 17 and Schedule 2(g) of
the AIM Rules for Companies.

Denisse Andrea Abudinen Butto (aged 43) has held the following directorships
and/or partnerships in the past five years

 Current Directorships/Partnerships        Former Directorships/Partnerships (last 5 years)
 Fundación San Augustin Ingenieria Civil   Compañía Latinoamericana Petrolera AS
 Renewal Consulting Group                  ENAP Sipetrol Argentina SA
                                           Petroshad

Ms. Abudinen has no direct or indirect interest in the Company's share
capital.

Other than the information contained within this announcement, there is no
further information required to be disclosed pursuant to AIM Rule 17 or
Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

 

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 the Bretaña Norte 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 its portfolio of assets. 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 (http://www.petrotal-corp.com) , the Company's filed
documents at www.sedarplus.ca (https://www.sedarplus.ca/landingpage/) , or
below:

 

Camilo McAllister

Executive Vice President and Chief Financial Officer

Cmcallister@PetroTal-Corp.com

T: (713) 253-4997

 

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. 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", "intend" and
similar expressions. The forward-looking statements provided in this press
release are based on management's current belief, based on currently available
information, as to the outcome and timing of future events. 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 to obtain and maintain necessary permits and licenses, the ability of
government groups to effectively achieve objectives in respect of reducing
social conflict and collaborating towards continued investment in the energy
sector, 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.
PetroTal cautions that forward-looking statements relating to PetroTal are
subject to all of the risks, uncertainties and other factors, which may cause
the actual results, performance, capital expenditures or achievements of the
Company to differ materially from anticipated future results, performance,
capital expenditures or achievement expressed or implied by such
forward-looking statements. Factors that could cause actual results to differ
materially from those set forth in the forward-looking statements 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), business performance, legal and
legislative developments including changes in tax laws and 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, credit ratings and risks,  fluctuations in interest
rates and currency values, changes in the financial landscape both
domestically and abroad, including volatility in the stock market and
financial system, wars (including Russia's war in Ukraine and the
Israeli-Hamas conflict), regulatory developments, 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, changes in the financial
landscape both domestically and abroad (including volatility in the stock
market and financial system) and the occurrence of weather-related and other
natural catastrophes. Readers are cautioned that the foregoing list of factors
is not exhaustive. Please refer to the annual information form for the year
ended December 31, 2024 and the management's discussion and analysis for the
three months ended December 31, 2024 for additional risk factors relating to
PetroTal, which can be accessed either on PetroTal's website at
www.petrotal-corp.com (http://www.petrotal-corp.com/) or under the Company's
profile on www.sedarplus.ca (https://www.sedarplus.ca/landingpage/) . 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 National
Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  STRKZGZDGDFGKZZ