REG - PetroTal Corp. - Transaction in Own Shares

PetrotalAnnouncement

16/04/2024 07:00

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RNS Number : 7725K  PetroTal Corp.  16 April 2024

Transaction in Own Shares

 

Calgary, AB and Houston, TX - April 16, 2024 - PetroTal Corp. ("PetroTal" or
the "Company") (TSX: TAL, AIM: PTAL and OTCQX: PTALF), announces that, in
accordance with the terms of its share buyback programme announced on 16 May
2023, it has purchased the following number of common shares of no par value
each in the capital of the Company ("Common Shares") through Stifel Nicolaus
Europe Limited ("Stifel"). The repurchased shares will be cancelled.

 

 Date of purchase:                                     15 April 2024
                                                       AIM           TSX        Total
 Aggregate number of Common Shares purchased:          7,939         7,939      15,878
 Lowest price paid per Common Share:                   49.770 pence  0.855 CAD
 Highest price paid per Common Share:                  49.770 pence  0.860 CAD
 Volume weighted average price paid per Common Share:  49.770 pence  0.859 CAD

 

Following the cancellation of the repurchased shares, the Company will have no
Common Shares in treasury and 915,264,854 Common Shares (excluding treasury
shares) of no par value each in issue. Therefore, the total voting rights in
the Company will be 915,264,854.

 

The figure of 915,264,854 may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the Company under the
FCA's Disclosure Guidance and Transparency Rules.

 

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market
Abuse Regulation) as in force in the UK by virtue of the European Union
(Withdrawal) Act 2018, the table below contains detailed information of the
individual trades made by Stifel as part of the buyback programme.

 

Schedule of purchases:

 

 Common Shares purchased:  PetroTal Corp. (ISIN: CA71677J1012)
 Date of purchases:        15 April 2024
 Investment firm:          Stifel Nicolaus Europe Limited

 

Individual transactions:

 

 Transaction date and time    Number of shares purchased  Transaction price  Trading venue
 15 April 2024, 01:58 PM GMT  7,939                       49.770 pence       OMAR
 15 April 2024, 11:53 AM EST  500                         0.860 CAD          OMG
 15 April 2024, 11:53 AM EST  439                         0.860 CAD          TRI
 15 April 2024, 01:31 PM EST  500                         0.860 CAD          TOR
 15 April 2024, 02:10 PM EST  500                         0.860 CAD          OMG
 15 April 2024, 02:21 PM EST  500                         0.860 CAD          OMG
 15 April 2024, 02:39 PM EST  500                         0.860 CAD          OMG
 15 April 2024, 02:49 PM EST  500                         0.860 CAD          TOR
 15 April 2024, 02:51 PM EST  500                         0.860 CAD          TOR
 15 April 2024, 02:54 PM EST  500                         0.860 CAD          TOR
 15 April 2024, 02:58 PM EST  500                         0.860 CAD          OMG
 15 April 2024, 03:01 PM EST  500                         0.860 CAD          OMG
 15 April 2024, 03:05 PM EST  500                         0.860 CAD          OMG
 15 April 2024, 03:15 PM EST  500                         0.860 CAD          OMG
 15 April 2024, 03:19 PM EST  500                         0.860 CAD          OMG
 15 April 2024, 03:28 PM EST  1,000                       0.855 CAD          TRI

 

For further information, please contact:

 

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 Bretana 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 the Bretana oil field. 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.sedar.com (http://www.sedar.com) , or below:

 

Douglas Urch

Executive Vice President and Chief Financial Officer

Durch@PetroTal-Corp.com

T: (713) 609-9101

 

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

 

The information contained within this announcement is considered to be inside
information prior to its release, as defined in Article 7 of the Market Abuse
Regulation No. 596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018.

 

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