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PetroTal Announces Q1 2025 Dividend Declaration

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PetroTal Corp (TSX: TAL, AIM: PTAL, OTCQX: PTALF) has declared a Q1 2025 cash dividend of USD $0.015 per common share, based on Q4 2024 financial results. The dividend payment schedule is as follows: Ex-Dividend date for AIM is February 27, 2025, Ex-Dividend date for TSX is February 28, 2025, Record date is February 28, 2025, and Payment date is March 14, 2025.

The dividend qualifies as an eligible dividend under the Income Tax Act (Canada). The company notes that future dividends may fluctuate according to their return of capital policy. International shareholders are advised to consult their brokers regarding appropriate tax election forms.

PetroTal Corp (TSX: TAL, AIM: PTAL, OTCQX: PTALF) ha dichiarato un dividendo in contante per il primo trimestre del 2025 di USD $0.015 per azione ordinaria, basato sui risultati finanziari del quarto trimestre del 2024. Il programma di pagamento del dividendo è il seguente: la data di stacco del dividendo per AIM è il 27 febbraio 2025, la data di stacco del dividendo per TSX è il 28 febbraio 2025, la data di registrazione è il 28 febbraio 2025 e la data di pagamento è il 14 marzo 2025.

Il dividendo è qualificato come un dividendo idoneo ai sensi della Legge sul reddito (Canada). L'azienda osserva che i dividendi futuri potrebbero variare in base alla loro politica di ritorno di capitale. Gli azionisti internazionali sono invitati a consultare i propri broker riguardo ai moduli di elezione fiscale appropriati.

PetroTal Corp (TSX: TAL, AIM: PTAL, OTCQX: PTALF) ha declarado un dividendo en efectivo para el primer trimestre de 2025 de USD $0.015 por acción ordinaria, basado en los resultados financieros del cuarto trimestre de 2024. El calendario de pago del dividendo es el siguiente: La fecha ex-dividendo para AIM es el 27 de febrero de 2025, la fecha ex-dividendo para TSX es el 28 de febrero de 2025, la fecha de registro es el 28 de febrero de 2025 y la fecha de pago es el 14 de marzo de 2025.

El dividendo califica como un dividendo elegible bajo la Ley del Impuesto sobre la Renta (Canadá). La empresa señala que los dividendos futuros pueden fluctuar de acuerdo con su política de retorno de capital. Se aconseja a los accionistas internacionales que consulten a sus corredores sobre los formularios de elección fiscal apropiados.

PetroTal Corp (TSX: TAL, AIM: PTAL, OTCQX: PTALF)는 2025년 1분기 현금 배당금으로 주당 USD $0.015를 선언했습니다. 이는 2024년 4분기 재무 결과를 기준으로 합니다. 배당금 지급 일정은 다음과 같습니다: AIM의 배당락일은 2025년 2월 27일, TSX의 배당락일은 2025년 2월 28일, 기록일은 2025년 2월 28일, 지급일은 2025년 3월 14일입니다.

이 배당금은 소득세법(캐나다)에서 적격 배당금으로 인정됩니다. 회사는 향후 배당금이 자본 환급 정책에 따라 변동할 수 있음을 언급했습니다. 국제 주주들은 적절한 세금 신고 양식에 대해 중개인과 상담할 것을 권장합니다.

PetroTal Corp (TSX: TAL, AIM: PTAL, OTCQX: PTALF) a annoncé un dividende en espèces pour le premier trimestre 2025 de USD $0.015 par action ordinaire, basé sur les résultats financiers du quatrième trimestre 2024. Le calendrier de paiement du dividende est le suivant : la date ex-dividende pour AIM est le 27 février 2025, la date ex-dividende pour TSX est le 28 février 2025, la date d'enregistrement est le 28 février 2025, et la date de paiement est le 14 mars 2025.

Le dividende est éligible en tant que dividende admissible selon la Loi de l'impôt sur le revenu (Canada). La société note que les dividendes futurs peuvent fluctuer selon leur politique de retour de capital. Les actionnaires internationaux sont invités à consulter leurs courtiers concernant les formulaires d'élection fiscale appropriés.

PetroTal Corp (TSX: TAL, AIM: PTAL, OTCQX: PTALF) hat eine Bargelddividende für das erste Quartal 2025 von USD $0.015 pro Stammaktie erklärt, basierend auf den finanziellen Ergebnissen des vierten Quartals 2024. Der Zahlungsplan für die Dividende ist wie folgt: Ex-Dividenden-Datum für AIM ist der 27. Februar 2025, Ex-Dividenden-Datum für TSX ist der 28. Februar 2025, Stichtag ist der 28. Februar 2025 und Zahlungstermin ist der 14. März 2025.

Die Dividende qualifiziert sich als förderfähige Dividende gemäß dem Einkommensteuergesetz (Kanada). Das Unternehmen weist darauf hin, dass zukünftige Dividenden je nach ihrer Kapitalrückerstattungspolitik schwanken können. Internationale Aktionäre wird geraten, ihre Broker bezüglich der geeigneten Steuerwahlformulare zu konsultieren.

Positive
  • Declared Q1 2025 dividend of USD $0.015 per share
  • Maintains consistent dividend payment schedule
Negative
  • None.

USD $0.015/share dividend payable March 14, 2025

Calgary, Alberta and Houston, Texas--(Newsfile Corp. - February 20, 2025) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce that its Board of Directors has declared a cash dividend of USD $0.015 per common share for the first quarter of 2025.

The Q1 2025 dividend is based on Q4 2024 financial results and will be paid according to the following timetable:

  • Ex-Dividend date (AIM): February 27, 2025

  • Ex-Dividend date (TSX): February 28, 2025

  • Record date: February 28, 2025

  • Payment date: March 14, 2025

The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada) and investors should note that future dividends may be subject to fluctuations up or down in accordance with the Company's return of capital policy. Shareholders outside of Canada should contact their respective brokers or registrar agents for the appropriate tax election forms regarding this dividend.

Since May 27, 2024, the settlement cycle in Canada and U.S. securities industries has been shortened from trade date plus two business days (T+2) to trade date plus one business day (T+1); as a result, PetroTal lists ex-dividend dates for both AIM and TSX shareholders.

ABOUT PETROTAL

PetroTal is a publicly traded, tri‐quoted (TSX: TAL) (AIM: PTAL) (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.sedarplus.ca, or below:

Camilo McAllister
Executive Vice President and Chief Financial Officer
Cmcallister@PetroTal-Corp.com
T: (713) 253-4997

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) 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: +44 (0) 20 7710 7600

Peel Hunt LLP (Joint Broker)
Richard Crichton / David McKeown / Georgia Langoulant
T: +44 (0) 20 7418 8900

READER ADVISORIES

FORWARD-LOOKING STATEMENTS: This press release contains certain statements that may be deemed to be forward-looking statements. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "believe", "expect", "plan", "estimate", "potential", "will", "should", "continue", "may", "objective", "intend" and similar expressions. The forward-looking statements provided in this press release are based on management's current belief, based on currently available information, as to the outcome and timing of future events. The forward-looking statements are based on certain key expectations and assumptions made by the Company, including, but not limited to, expectations and assumptions concerning the ability of existing infrastructure to deliver production and the anticipated capital expenditures associated therewith, the ability to obtain and maintain necessary permits and licenses, the ability of government groups to effectively achieve objectives in respect of reducing social conflict and collaborating towards continued investment in the energy sector, reservoir characteristics, recovery factor, exploration upside, prevailing commodity prices and the actual prices received for PetroTal's products, including pursuant to hedging arrangements, the availability and performance of drilling rigs, facilities, pipelines, other oilfield services and skilled labour, royalty regimes and exchange rates, the impact of inflation on costs, the application of regulatory and licensing requirements, the accuracy of PetroTal's geological interpretation of its drilling and land opportunities, current legislation, receipt of required regulatory approval, the success of future drilling and development activities, the performance of new wells, future river water levels, the Company's growth strategy, general economic conditions and availability of required equipment and services. PetroTal cautions that forward-looking statements relating to PetroTal are subject to all of the risks, uncertainties and other factors, which may cause the actual results, performance, capital expenditures or achievements of the Company to differ materially from anticipated future results, performance, capital expenditures or achievement expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those set forth in the forward-looking statements include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses; and health, safety and environmental risks), business performance, legal and legislative developments including changes in tax laws and legislation affecting the oil and gas industry and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures, credit ratings and risks, fluctuations in interest rates and currency values, changes in the financial landscape both domestically and abroad, including volatility in the stock market and financial system, wars (including Russia's war in Ukraine and the Israeli-Hamas conflict), regulatory developments, commodity price volatility, price differentials and the actual prices received for products, exchange rate fluctuations, legal, political and economic instability in Peru, access to transportation routes and markets for the Company's production, changes in legislation affecting the oil and gas industry, changes in the financial landscape both domestically and abroad (including volatility in the stock market and financial system) and the occurrence of weather-related and other natural catastrophes. Readers are cautioned that the foregoing list of factors is not exhaustive. Please refer to the annual information form for the year ended December 31, 2023 and the management's discussion and analysis for the three months ended March 31, 2024 for additional risk factors relating to PetroTal, which can be accessed either on PetroTal's website at www.petrotal-corp.com or under the Company's profile on www.sedarplus.ca. 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.

FOFI DISCLOSURE: This press release contains future-oriented financial information and financial outlook information (collectively, "FOFI") about PetroTal's prospective results of operations and production results, 2025 drilling program and budget, well investment payback, cash position, liquidity and components thereof, all of which are subject to the same assumptions, risk factors, limitations and qualifications as set forth in the above paragraphs. FOFI contained in this press release was approved by management as of the date of this press release and was included for the purpose of providing further information about PetroTal's anticipated future business operations. PetroTal and its management believe that FOFI has been prepared on a reasonable basis, reflecting management's best estimates and judgments, and represent, to the best of management's knowledge and opinion, the Company's expected course of action. However, because this information is highly subjective, it should not be relied on as necessarily indicative of future results. PetroTal disclaims any intention or obligation to update or revise any FOFI contained in this press release, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law. Readers are cautioned that the FOFI contained in this press release should not be used for purposes other than for which it is disclosed herein. All FOFI contained in this press release complies with the requirements of Canadian securities legislation, including NI 51-101. Changes in forecast commodity prices, differences in the timing of capital expenditures, and variances in average production estimates can have a significant impact on the key performance measures included in PetroTal's guidance. The Company's actual results may differ materially from these estimates.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241575

FAQ

What is the Q1 2025 dividend amount announced by PetroTal (PTALF)?

PetroTal announced a Q1 2025 cash dividend of USD $0.015 per common share.

When is the payment date for PetroTal's (PTALF) Q1 2025 dividend?

The payment date for PetroTal's Q1 2025 dividend is March 14, 2025.

What are the ex-dividend dates for PetroTal's (PTALF) Q1 2025 dividend?

The ex-dividend dates are February 27, 2025 for AIM-listed shares and February 28, 2025 for TSX-listed shares.

Is PetroTal's (PTALF) Q1 2025 dividend eligible for Canadian tax purposes?

Yes, the dividend is considered an eligible dividend under the Income Tax Act (Canada).

What financial period is PetroTal's (PTALF) Q1 2025 dividend based on?

The Q1 2025 dividend is based on Q4 2024 financial results.

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