Transaction in Own Shares

PetroTal Corp.

13 December 2023

 

Transaction in Own Shares

Calgary, AB and Houston, TX - December 13, 2023 - 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:	12 December 2023
	AIM	TSX	Total
Aggregate number of Common Shares purchased:	70,991	70,991	141,982
Lowest price paid per Common Share:	46.450 pence	0.765 CAD
Highest price paid per Common Share:	46.950 pence	0.785 CAD
Volume weighted average price paid per Common Share:	46.742 pence	0.771 CAD

Following the cancellation of the repurchased shares, the Company will have no Common Shares in treasury and 912,932,403 Common Shares (excluding treasury shares) of no par value each in issue. Therefore, the total voting rights in the Company will be 912,932,403.

The figure of 912,932,403 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:	12 December 2023
Investment firm:	Stifel Nicolaus Europe Limited

Individual transactions:

Transaction date and time	Number of shares purchased	Transaction price	Trading venue
12 December 2023, 10:48 AM GMT	41,461	46.950 pence	OMAR
12 December 2023, 03:14 PM GMT	29,530	46.450 pence	OMAR
12 December 2023, 10:36 AM EST	491	0.780 CAD	TOR
12 December 2023, 10:36 AM EST	500	0.780 CAD	TOR
12 December 2023, 10:38 AM EST	500	0.780 CAD	TOR
12 December 2023, 10:39 AM EST	500	0.775 CAD	NEN
12 December 2023, 10:42 AM EST	500	0.780 CAD	TOR
12 December 2023, 10:43 AM EST	500	0.780 CAD	TOR
12 December 2023, 10:45 AM EST	500	0.780 CAD	TOR
12 December 2023, 10:53 AM EST	500	0.780 CAD	TOR
12 December 2023, 11:25 AM EST	500	0.785 CAD	OMG
12 December 2023, 11:30 AM EST	500	0.780 CAD	TOR
12 December 2023, 11:43 AM EST	500	0.780 CAD	OMG
12 December 2023, 11:44 AM EST	500	0.780 CAD	OMG
12 December 2023, 11:45 AM EST	500	0.780 CAD	OMG
12 December 2023, 11:46 AM EST	500	0.780 CAD	OMG
12 December 2023, 11:48 AM EST	500	0.775 CAD	OMG
12 December 2023, 11:52 AM EST	500	0.780 CAD	OMG
12 December 2023, 12:17 PM EST	500	0.770 CAD	TOR
12 December 2023, 12:22 PM EST	500	0.770 CAD	TOR
12 December 2023, 12:36 PM EST	500	0.770 CAD	TOR
12 December 2023, 12:37 PM EST	500	0.765 CAD	OMG
12 December 2023, 12:39 PM EST	500	0.770 CAD	OMG
12 December 2023, 12:41 PM EST	500	0.770 CAD	TOR
12 December 2023, 12:47 PM EST	1,000	0.780 CAD	OMG
12 December 2023, 12:53 PM EST	1,000	0.780 CAD	OMG
12 December 2023, 12:56 PM EST	500	0.770 CAD	TOR
12 December 2023, 01:21 PM EST	500	0.770 CAD	TOR
12 December 2023, 01:22 PM EST	1,000	0.770 CAD	TOR
12 December 2023, 01:48 PM EST	500	0.770 CAD	TOR
12 December 2023, 02:43 PM EST	2,500	0.770 CAD	TOR
12 December 2023, 02:44 PM EST	500	0.770 CAD	TOR
12 December 2023, 02:45 PM EST	500	0.765 CAD	OMG
12 December 2023, 02:45 PM EST	500	0.770 CAD	OMG
12 December 2023, 02:45 PM EST	500	0.765 CAD	NEN
12 December 2023, 02:45 PM EST	500	0.770 CAD	NEN
12 December 2023, 02:57 PM EST	500	0.770 CAD	OMG
12 December 2023, 02:57 PM EST	500	0.770 CAD	OMG
12 December 2023, 02:57 PM EST	2,000	0.770 CAD	OMG
12 December 2023, 02:59 PM EST	2,000	0.770 CAD	OMG
12 December 2023, 03:00 PM EST	1,000	0.770 CAD	OMG
12 December 2023, 03:00 PM EST	500	0.765 CAD	NEN
12 December 2023, 03:00 PM EST	1,000	0.770 CAD	NEN
12 December 2023, 03:21 PM EST	500	0.770 CAD	OMG
12 December 2023, 03:21 PM EST	5,000	0.770 CAD	OMG
12 December 2023, 03:21 PM EST	500	0.770 CAD	OMG
12 December 2023, 03:21 PM EST	2,000	0.770 CAD	OMG
12 December 2023, 03:21 PM EST	500	0.770 CAD	OMG
12 December 2023, 03:26 PM EST	1,000	0.770 CAD	OMG
12 December 2023, 03:26 PM EST	500	0.765 CAD	NEN
12 December 2023, 03:26 PM EST	1,500	0.770 CAD	NEN
12 December 2023, 03:26 PM EST	500	0.770 CAD	NEN
12 December 2023, 03:26 PM EST	500	0.765 CAD	PUR
12 December 2023, 03:28 PM EST	4,500	0.770 CAD	CXC
12 December 2023, 03:28 PM EST	2,000	0.770 CAD	CXC
12 December 2023, 03:28 PM EST	500	0.770 CAD	CXC
12 December 2023, 03:28 PM EST	500	0.770 CAD	CXC
12 December 2023, 03:28 PM EST	500	0.770 CAD	TOR
12 December 2023, 03:28 PM EST	500	0.765 CAD	NEN
12 December 2023, 04:00 PM EST	500	0.770 CAD	TOR
12 December 2023, 04:00 PM EST	1,000	0.770 CAD	TOR
12 December 2023, 04:00 PM EST	8,500	0.770 CAD	TOR
12 December 2023, 04:00 PM EST	500	0.770 CAD	TOR
12 December 2023, 04:00 PM EST	10,000	0.770 CAD	TOR
12 December 2023, 04:00 PM EST	1,000	0.770 CAD	TOR
12 December 2023, 04:00 PM EST	500	0.770 CAD	TOR

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, the Company's filed documents at www.sedar.com, or below:

Douglas Urch

Executive Vice President and Chief Financial Officer

[e-mail]

T: [phone]

Manolo Zuniga

President and Chief Executive Officer

[e-mail]

T: [phone]

PetroTal Investor Relations

[e-mail]

Celicourt Communications

Mark Antelme / Jimmy Lea

[e-mail]

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: [phone]

Peel Hunt LLP (Joint Broker)
Richard Crichton / David McKeown / Georgia Langoulant
T: [phone]

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.

 

END