PetroTal Announces Updated Trader Presentation

Features 2021 Funds and 2020 12 months-conclude Reserves Calgary, Alberta and Houston, Texas–(Newsfile Corp. –

Features 2021 Funds and 2020 12 months-conclude Reserves

Calgary, Alberta and Houston, Texas–(Newsfile Corp. – March 1, 2021) – PetroTal Corp. (TSXV: TAL) (Purpose: PTAL) (“PetroTal” or the “Organization“) is delighted to announce that an up to date trader presentation is now out there on the Firm’s website at www.petrotal-corp.com. The up to date investor presentation features the just lately introduced 2021 budget and 2020 calendar year-stop reserve report.

ABOUT PETROTAL

PetroTal is a publicly traded, dual‐quoted (TSXV: TAL) and (Aim: PTAL) oil and gasoline enhancement and output company domiciled in Calgary, Alberta, centered on the growth of oil belongings in Peru. PetroTal’s flagship asset is its 100{9f02b64d6484101e32554d08a86521bf2daa29caa6f84c87854783be12f02516} performing fascination in Bretaña oil area in Peru’s Block 95 in which oil generation was initiated in June 2018, and in early 2020 grew to become the second greatest crude oil producer in Peru. Furthermore, the Enterprise has substantial exploration prospects and is engaged in discovering a husband or wife to drill the Osheki prospect in Block 107. The Firm’s administration crew has important working experience in establishing and discovering for oil in Northern Peru and is led by a Board of Administrators that is focused on safely and cost successfully establishing the Bretaña oil discipline.

For additional data, you should see the Company’s web-site at www.petrotal-corp.com, the Firm’s filed documents at www.sedar.com, or beneath:

Douglas Urch
Government Vice President and Main Economical Officer
[email protected]
T: (713) 609-9101

Manolo Zuniga
President and Chief Executive Officer
[email protected]
T: (713) 609-9101

Celicourt Communications
Mark Antelme / Jimmy Lea
[email protected]
T : 44 () 208 434 2643

Strand Hanson Restricted (Nominated & Economic Adviser)
James Spinney / Ritchie Balmer
T: 44 () 207 409 3494

Stifel Nicolaus Europe Restricted (Joint Broker)
Callum Stewart / Simon Mensley / Ashton Clanfield
Tel: +44 () 20 7710 7600

Auctus Advisors LLP (Joint Broker)
Jonathan Wright / Rupert Holdsworth Hunt / Harry Baker
T: +44 () 7711 627449

READER ADVISORIES

Ahead-On the lookout STATEMENTS: This press release consists of sure statements that might be deemed to be forward-wanting statements. These statements relate to probable future functions, together with, but not restricted to: PetroTal’s organization tactic, goals, energy and concentrate drilling, drinking water and completion activities and the predicted costs and effects of this sort of functions the capability of the Company to realize drilling achievements consistent with management’s anticipations expected long term generation and profits foreseeable future progress and advancement potential customers and the timing of launch of the AIF. All statements other than statements of historical fact could be forward-seeking statements. In addition, statements relating to predicted generation, reserves, recovery, charges and valuation are considered to be forward-seeking statements as they entail the implied assessment, based on specific estimates and assumptions that the reserves described can be profitably created in the long term. Ahead-wanting statements are often, but not constantly, recognized by the use of text these kinds of as “foresee”, “feel”, “count on”, “strategy”, “estimate”, “prospective”, “will”, “ought to”, “continue on”, “might”, “aim” and similar expressions. The forward-wanting statements are primarily based on selected vital expectations and assumptions produced by the Business, including, but not minimal to, expectations and assumptions relating to the capacity of current infrastructure to produce output and the predicted funds expenses linked therewith, reservoir attributes, restoration aspect, exploration upside, prevailing commodity prices and the true rates obtained for PetroTal’s products, the availability and performance of drilling rigs, amenities, pipelines, other oilfield companies and skilled labour, royalty regimes and exchange premiums, the application of regulatory and licensing demands, the accuracy of PetroTal’s geological interpretation of its drilling and land chances, present-day laws, receipt of essential regulatory approval, the achievement of future drilling and development things to do, the effectiveness of new wells, the Company’s expansion tactic, standard financial problems and availability of expected equipment and services. Although the Corporation thinks that the expectations and assumptions on which the ahead-searching statements are based are acceptable, undue reliance really should not be put on the ahead-wanting statements for the reason that the Firm can give no assurance that they will verify to be right. Because forward-on the lookout statements handle long term functions and conditions, by their quite nature they involve inherent risks and uncertainties. True effects could differ materially from all those at present expected because of to a number of factors and risks. These contain, but are not restricted to, hazards affiliated with the oil and fuel business in general (e.g., operational hazards in progress, exploration and generation delays or changes in options with respect to exploration or improvement assignments or funds expenditures the uncertainty of reserve estimates the uncertainty of estimates and projections relating to output, expenses and charges and health, protection and environmental risks), commodity selling price volatility, cost differentials and the real costs obtained for goods, exchange fee fluctuations, lawful, political and financial instability in Peru, access to transportation routes and marketplaces for the Firm’s production, alterations in legislation influencing the oil and gasoline market and uncertainties resulting from opportunity delays or alterations in programs with respect to exploration or improvement projects or cash expenses. In addition, the Enterprise cautions that existing global uncertainty with respect to the unfold of the COVID-19 virus and its outcome on the broader global economy may perhaps have a significant detrimental influence on the Enterprise. Although the specific affect of the COVID-19 virus on the Company continues to be unidentified, rapid unfold of the COVID-19 virus could carry on to have a product adverse outcome on world wide economic exercise, and may perhaps continue to final result in volatility and disruption to world supply chains, operations, mobility of men and women and the financial marketplaces, which could influence interest costs, credit history ratings, credit rating hazard, inflation, business enterprise, economical conditions, effects of operations and other things suitable to the Organization. You should refer to the chance things identified in the Company’s annual information variety for the calendar year ended December 31, 2019 and management’s dialogue and analysis for the year ended December 31, 2020 and for the 3 and nine months ended September 30, 2020 which are readily available on SEDAR at www.sedar.com. The ahead-searching statements contained in this press release are designed as of the date hereof and the Business undertakes no obligation to update publicly or revise any ahead-hunting statements or info, irrespective of whether as a final result of new information, long run occasions or normally, until so demanded by relevant securities laws.

Neither the TSX Undertaking Exchange nor its Regulation Solutions Provider (as that time period is described in the policies of the TSX Venture Trade) accepts duty for the adequacy or precision of this press launch.

To see the supply version of this press launch, you should stop by https://www.newsfilecorp.com/launch/75688