PetroTal Corp. Grant of Performance Share Units (6534R)
07 Julio 2022 - 1:00AM
UK Regulatory
TIDMPTAL
RNS Number : 6534R
PetroTal Corp.
07 July 2022
PetroTal Announces Grant of Performance Share Units
Calgary, AB and Houston, TX - July 7, 2022- PetroTal Corp.
("PetroTal" or the "Company") (TSX-V: TAL, AIM: PTAL and OTCQX:
PTALF) announces the grant of performance share units ("PSUs") to
new employees of the Company.
2022 PSU Issuance
PetroTal granted an aggregate of 172,058 PSUs, to new employees
of the Company in accordance with the provisions of the Company's
PSU plan. The PSUs vest annually, on an equal basis, over the next
three years and each PSU will entitle the holder to acquire, for
nil cost, between zero and two common shares of the Company
("Shares"), subject to the achievement of performance conditions
relating to the Company's total shareholder return, net asset value
and certain production and operational milestones. The Corporate
Governance and Compensation Committee of the Board is charged with
overseeing the PSU plan.
Further details regarding the PSU plan are set out in the
management information circular of the Company dated May 13, 2021,
which is available on SEDAR at www.sedar.com .
Following this grant, the Company has a total of 27,873,890 PSUs
outstanding
ABOUT PETROTAL
PetroTal is a publicly traded, tri--quoted (TSXV: TAL, AIM: PTAL
and OTC: PTALF) operationally prudent and sustainable Peruvian oil
operator that owns 100% working interest in Blocks 95 and 107 with
its current development focus at the Bretana oilfield in Block 95.
The Company is headquartered in Houston, Texas with operational and
legal offices in Lima, Peru and Calgary, Alberta Canada,
respectively. Over a period of four years, starting in late 2017,
the PetroTal team was able to take a greenfield resource project
and transform it into Peru's largest crude oil producer reaching
over 20,000 bopd in December 2021. PetroTal now has a substantial
and de-risked repeatable drilling inventory to provide investors
with free cash flow and growth for many years ahead while actively
building new initiatives to champion ESG development. 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
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) 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: +44 (0) 20 7710 7600
Auctus Advisors LLP (Joint Broker)
Jonathan Wright
T: +44 (0) 7711 627449
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END
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July 07, 2022 02:00 ET (06:00 GMT)
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