TIDMPTAL
RNS Number : 4034X
PetroTal Corp.
19 December 2019
PetroTal Appoints Two New Independent Directors
Calgary and Houston - December 19, 2019-PetroTal Corp.
("PetroTal" or the "Company") (TSX-V: TAL and AIM: PTAL) is pleased
to announce the appointment of Eleanor Barker and Roger Tucker as
Independent Non-Executive Directors, effective today.
Ms. Barker has over 25 years' experience in the international
oil and gas business. She is currently the President of Barker Oil
Strategies Inc., an oil and gas investment and consulting company,
and Chair of the Audit Committee and a Director of Serinus Energy
plc (AIM:SENX). Eleanor was previously a Director of Sterling
Resources Ltd. (the company which PetroTal reversed into to effect
its quotation on the TSX-V), the US National Association of
Petroleum Investment Analysts and the former President of the
Canadian Association of Investment Analysts. Ms. Barker has held
roles with Imperial Oil Limited and Gulf Canada Limited. Ms. Barker
holds an Honours B.Sc. in Chemistry from Queen's University in
Canada and an MBA from the University of Western Ontario.
Dr. Tucker has over 30 years' experience in international oil
and gas operations, financing and acquisitions. Roger has held
senior executive positions with a number of companies in the energy
industry, including Senior Vice President of BG Group's European
business, Chief Executive Officer of African Arabian Petroleum
Ltd., Managing Director of Yukos Oil, and President of the Latin
American operations of LASMO plc. Dr. Tucker is a graduate of the
University of Newcastle upon Tyne with a B.Sc. in Geology and a
Ph.D. in Sedimentology and Geochemistry and is a member of the
American Association of Petroleum Geologists and the Geological
Society of London.
These two appointments effectively increase the Board size by
one to seven Directors, following the resignation, as announced on
November 4, 2019, of Mr. Douglas Urch from his role as Board
Chairman to accept the appointment as Executive Vice President and
Chief Financial Officer of the Company. The Board would like to
thank Mr. Urch for his guidance as a Director since the Company's
inception, and continued leadership as a key member of PetroTal's
senior management team.
Mark McComiskey, Chairman of the PetroTal Board of Directors,
commented:
"We are delighted to welcome Eleanor and Roger to the PetroTal
Board. Both bring a considerable level of expertise and a range of
financial and operational capabilities with them. Their
appointments will add further strength to the organisation, as we
continue the development of the Bretaña oil field, and with
assessing additional growth opportunities."
Further information on Ms. Barker and Mr. Tucker as required in
accordance with Schedule 2(g) of the AIM Rules
Eleanor Jean Barker, aged 66
Current Directorships / Partnerships Directorships / Partnerships
held in last 5 years
Barker Oil Strategies Inc. Sterling Resources Ltd
Serinus Energy plc
Ms. Barker was a director of Gordon Capital Corporation ("Gordon
Capital") from 1993 to 1995. In November 1993, Gordon Capital
concluded a settlement agreement under which it agreed to pay CAD
375,000 and CAD 6 million to the Minister of Finance of Ontario and
the Canadian Investor Protection Fund, respectively, for
malfeasance relating to a bond lending scheme that circumvented
collateral requirements. The events giving rise to the settlement
occurred between 1989 and 1991, prior to Ms. Barker joining Gordon
Capital. Ms. Barker was not implicated in any wrongdoing.
Roger Morris Tucker, aged 63
Current Directorships / Partnerships Directorships / Partnerships
held in last 5 years
Pale Rider Limited. Van Damme North Sea Oil and
Gas Limited
Van Damme Holdings Limited
Van Damme Acquisitions Limited
Vanwall Capital LLP
Xplorer PLC
There is no further information to be disclosed pursuant to
Schedule 2(g) of the AIM Rules.
ABOUT PETROTAL
PetroTal is a publicly--traded, dual--quoted (TSXV: TAL and AIM:
PTAL) 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 the Bretaña oil field in Peru's Block
95 where oil production was initiated in June 2018, six months
after acquisition. Additionally, the Company has large exploration
prospects and is engaged in finding a partner to drill the Osheki
prospect in Block 107. The Company's management team has
significant experience in developing and exploring for oil in
Northern Peru and is led by a Board of Directors that is focused on
safely and cost effectively developing the Bretaña oil field. More
information on the Company can be found at
www.PetroTal--Corp.com.
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
Celicourt Communications
Mark Antelme / Jimmy Lea
petrotal@celicourt.uk
T : 44 (0) 208 434 2643
Strand Hanson Limited (Nominated & Financial Adviser)
James Spinney / Ritchie Balmer / Eric Allan
T: 44 (0) 207 409 3494
Numis Securities Limited (Joint Broker)
John Prior / Emily Morris
T: +44 (0) 207 260 1000
Stifel Nicolaus Europe Limited (Joint Broker)
Callum Stewart / Nicholas Rhodes / Ashton Clanfield
Tel: +44 (0) 20 7710 7600
READER ADVISORIES
FORWARD-LOOKING STATEMENTS: This news release contains
forward-looking statements. More particularly, and without
limitation, this news release contains statements concerning
PetroTal's assessment of future plans and operations and the
appointment of new directors of the Company. When used in this
document, the words "will," "anticipate," "believe," "estimate,"
"expect," "intent," "may," "project," "should," and similar
expressions are intended to be among the statements that identify
forward-looking statements. The forward-looking statements are
founded on the basis of expectations and assumptions made by
PetroTal. Although PetroTal believes that the expectations
represented by such forward-looking statements are reasonable,
there can be no assurance that such expectations will be realized.
Any number of important factors could cause actual results to
differ materially from those in the forward-looking statements
including, but not limited to: PetroTal may not obtain the required
approvals from the TSX Venture Exchange and other factors more
fully described from time to time in the reports and filings made
by PetroTal with securities regulatory authorities. Please refer to
the risk factors identified in the Company's annual information
form for the year ended December 31, 2018 and management's
discussion and analysis for the three and six months ended June 30,
2019 which are available on SEDAR at www.sedar.com. The
forward-looking statements contained in this press release are made
as of the date hereof and the Company undertakes no obligation to
update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events
or otherwise, unless so required by applicable securities laws.
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOAUWOARKVAUAUA
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December 19, 2019 02:00 ET (07:00 GMT)
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