PetroTal Advises of Earthquake in Northern Peru

RNS Number : 8506T

PetroTal Corp.

29 November 2021

 

PetroTal Advises of Strong Earthquake in Northern Peru

PetroTal reports no damage or injuries

Calgary, AB and Houston, TX - November 29, 2021- PetroTal Corp. ("PetroTal" or the "Company") (TSX-V: TAL, AIM: PTAL and OTC: PTALF) advises that a 7.5 magnitude earthquake hit northern Peru early Sunday November 28, 2021 with the epicenter approximately 98km from the town of Santa Maria de Nieva and 400km from Bretana. 

PetroTal's production facilities were not damaged, and the Company reported no injuries related to the earthquake.  Earthquakes are relatively common in Peru and PetroTal's development platform and related facilities are designed to withstand earthquakes of equal or greater scale. 

The social unrest disruption, as reported by the Company on November 24, 2021 remains ongoing, with production rates being managed to align with remaining storage capacity.  Further updates will be provided as and when known.

ABOUT PETROTAL

PetroTal is a publicly traded, tri‐quoted (TSXV: TAL, AIM: PTAL and OTC: 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 2020, Petrotal became the second 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) 208 434 2643

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

Tel: [phone]

Auctus Advisors LLP (Joint Broker)

Jonathan Wright

T: [phone]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

 

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