Transaction in Own Shares

PetroTal Corp.

18 October 2023

 

Transaction in Own Shares

Calgary, AB and Houston, TX - October 18, 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:	17 October 2023
	AIM	TSX	Total
Aggregate number of Common Shares purchased:	56,403	56,403	112,806
Lowest price paid per Common Share:	44.100 pence	0.740 CAD
Highest price paid per Common Share:	44.100 pence	0.750 CAD
Volume weighted average price paid per Common Share:	44.100 pence	0.748 CAD

Following the cancellation of the repurchased shares, the Company will have no Common Shares in treasury and 916,666,030 Common Shares (excluding treasury shares) of no par value each in issue. Therefore, the total voting rights in the Company will be 916,666,030.

The figure of 916,666,030 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:	17 October 2023
Investment firm:	Stifel Nicolaus Europe Limited

Individual transactions:

Transaction date and time	Number of shares purchased	Transaction price	Trading venue
17 October 2023, 01:25 PM BST	56,403	44.100 pence	OMAR
17 October 2023, 09:32 AM EST	500	0.750 CAD	OMG
17 October 2023, 09:32 AM EST	403	0.750 CAD	TRI
17 October 2023, 09:34 AM EST	500	0.750 CAD	OMG
17 October 2023, 09:36 AM EST	500	0.750 CAD	OMG
17 October 2023, 09:38 AM EST	500	0.750 CAD	OMG
17 October 2023, 09:39 AM EST	500	0.740 CAD	TOR
17 October 2023, 09:59 AM EST	500	0.745 CAD	OMG
17 October 2023, 11:18 AM EST	500	0.750 CAD	OMG
17 October 2023, 11:18 AM EST	500	0.750 CAD	OMG
17 October 2023, 11:19 AM EST	500	0.750 CAD	OMG
17 October 2023, 11:19 AM EST	500	0.750 CAD	OMG
17 October 2023, 11:20 AM EST	500	0.750 CAD	OMG
17 October 2023, 11:30 AM EST	500	0.740 CAD	TOR
17 October 2023, 11:31 AM EST	500	0.740 CAD	TOR
17 October 2023, 11:32 AM EST	500	0.740 CAD	TOR
17 October 2023, 11:33 AM EST	500	0.740 CAD	TOR
17 October 2023, 11:33 AM EST	500	0.740 CAD	TOR
17 October 2023, 11:34 AM EST	500	0.740 CAD	TOR
17 October 2023, 11:35 AM EST	500	0.740 CAD	TOR
17 October 2023, 11:37 AM EST	500	0.740 CAD	TOR
17 October 2023, 11:38 AM EST	500	0.740 CAD	TOR
17 October 2023, 11:39 AM EST	500	0.740 CAD	TOR
17 October 2023, 11:40 AM EST	500	0.740 CAD	TOR
17 October 2023, 11:41 AM EST	500	0.740 CAD	TOR
17 October 2023, 11:41 AM EST	500	0.740 CAD	TOR
17 October 2023, 11:42 AM EST	500	0.740 CAD	TOR
17 October 2023, 11:43 AM EST	500	0.740 CAD	TOR
17 October 2023, 11:44 AM EST	500	0.740 CAD	TOR
17 October 2023, 11:45 AM EST	500	0.740 CAD	TOR
17 October 2023, 11:46 AM EST	500	0.740 CAD	TOR
17 October 2023, 12:29 PM EST	500	0.740 CAD	TOR
17 October 2023, 12:31 PM EST	500	0.740 CAD	TOR
17 October 2023, 12:39 PM EST	500	0.740 CAD	TOR
17 October 2023, 12:40 PM EST	500	0.740 CAD	TOR
17 October 2023, 12:41 PM EST	500	0.740 CAD	TOR
17 October 2023, 01:08 PM EST	500	0.740 CAD	TOR
17 October 2023, 01:09 PM EST	500	0.740 CAD	TOR
17 October 2023, 03:28 PM EST	10,000	0.750 CAD	OMG
17 October 2023, 03:28 PM EST	10,000	0.750 CAD	OMG
17 October 2023, 03:28 PM EST	18,000	0.750 CAD	OMG

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