PetroTal Announces Q3 2024 Dividend Payment & Grant of Performance Share Units for Dividend Equivalents
PetroTal Corp. (TSX: TAL, AIM: PTAL, OTCQX: PTALF) has confirmed its Q3 2024 dividend payment and the grant of performance share units (PSUs) for dividend equivalents. The company paid a dividend of US$0.015 per share on September 13, 2024, to shareholders of record as of August 30, 2024. This dividend represents a 12.8% annualized yield based on a US$0.47 share price.
Additionally, PetroTal issued 546,053 PSUs as dividend equivalents, with 359,990 granted to officers and 186,063 to employees. The company now has a total of 17,411,838 PSUs outstanding. This issuance aligns with PetroTal's performance and restricted share unit plan, demonstrating the company's commitment to aligning employee interests with shareholder value.
PetroTal Corp. (TSX: TAL, AIM: PTAL, OTCQX: PTALF) ha confermato il pagamento del dividendo per il terzo trimestre 2024 e l'assegnazione delle unità di azioni legate al rendimento (PSUs) come equivalenti del dividendo. L'azienda ha pagato un dividendo di 0,015 US$ per azione il 13 settembre 2024, agli azionisti registrati al 30 agosto 2024. Questo dividendo rappresenta un rendimento annualizzato del 12,8% basato su un prezzo dell'azione di 0,47 US$.
Inoltre, PetroTal ha emesso 546.053 PSUs come equivalenti del dividendo, con 359.990 assegnati a dirigenti e 186.063 ai dipendenti. L'azienda ha ora un totale di 17.411.838 PSUs in circolazione. Questa emissione è in linea con il piano di performance e unità azionarie riservate di PetroTal, dimostrando l'impegno dell'azienda nell'allineare gli interessi dei dipendenti con il valore per gli azionisti.
PetroTal Corp. (TSX: TAL, AIM: PTAL, OTCQX: PTALF) ha confirmado el pago de dividendos para el tercer trimestre de 2024 y la concesión de unidades de acciones de rendimiento (PSUs) como equivalentes a dividendos. La compañía pagó un dividendo de 0,015 US$ por acción el 13 de septiembre de 2024, a los accionistas registrados a partir del 30 de agosto de 2024. Este dividendo representa un rendimiento anualizado del 12,8% basado en un precio de acción de 0,47 US$.
Además, PetroTal emitió 546.053 PSUs como equivalentes a dividendos, con 359.990 asignadas a directivos y 186.063 a empleados. La compañía ahora tiene un total de 17.411.838 PSUs en circulación. Esta emisión está en línea con el plan de rendimiento y unidades de acciones restringidas de PetroTal, demostrando el compromiso de la empresa de alinear los intereses de los empleados con el valor para los accionistas.
PetroTal Corp. (TSX: TAL, AIM: PTAL, OTCQX: PTALF)는 2024년 3분기 배당금 지급 및 배당식과 같은 성과 주식 단위(PSUs) 부여를 확인했습니다. 회사는 2024년 9월 13일, 2024년 8월 30일 기준 주주들에게 주당 0.015 미국 달러의 배당금을 지급했습니다. 이 배당금은 연환산 수익률 12.8%로, 주가가 0.47 미국 달러 기준입니다.
추가로, PetroTal은 546,053 PSUs를 배당금에 상응하는 주식으로 발행했으며, 이 중 359,990주는 임원에게, 186,063주는 직원에게 부여되었습니다. 회사는 현재 17,411,838 PSUs가 유통 중입니다. 이번 발행은 PetroTal의 성과 및 제한 주식 단위 계획과 일치하며, 직원의 이해관계를 주주 가치를 기준으로 조율하려는 회사의 노력을 보여줍니다.
PetroTal Corp. (TSX: TAL, AIM: PTAL, OTCQX: PTALF) a confirmé le paiement de son dividende pour le troisième trimestre 2024 ainsi que l'octroi d'unités d'actions de performance (PSUs) comme équivalents de dividende. L'entreprise a versé un dividende de 0,015 $US par action le 13 septembre 2024, aux actionnaires enregistrés au 30 août 2024. Ce dividende représente un rendement annualisé de 12,8% basé sur un prix de l'action de 0,47 $US.
De plus, PetroTal a émis 546.053 PSUs comme équivalents de dividende, dont 359.990 ont été accordées à des dirigeants et 186.063 à des employés. L'entreprise dispose maintenant d'un total de 17.411.838 PSUs en circulation. Cette émission est conforme au plan de performance et d'unités d'actions interdites de PetroTal, démontrant l'engagement de l'entreprise à aligner les intérêts des employés avec la valeur pour les actionnaires.
PetroTal Corp. (TSX: TAL, AIM: PTAL, OTCQX: PTALF) hat die Ausschüttung der Dividende für das dritte Quartal 2024 sowie die Vergabe von Performance-Aktieneinheiten (PSUs) als Dividendenäquivalente bestätigt. Das Unternehmen zahlte am 13. September 2024 eine Dividende von 0,015 US$ pro Aktie an Aktionäre, die zum 30. August 2024 im Aktienregister standen. Diese Dividende spiegelt eine annualisierte Rendite von 12,8% basierend auf einem Aktienkurs von 0,47 US$ wider.
Darüber hinaus gab PetroTal 546.053 PSUs als Dividendenäquivalente aus, wobei 359.990 an Führungskräfte und 186.063 an Mitarbeiter vergeben wurden. Das Unternehmen hat nun insgesamt 17.411.838 PSUs ausstehend. Diese Ausgabe entspricht dem Leistungs- und Beschränkungsplan für Aktien von PetroTal und zeigt das Engagement des Unternehmens, die Interessen der Mitarbeiter mit dem Wert für die Aktionäre in Einklang zu bringen.
- Dividend payment of US$0.015 per share, representing a 12.8% annualized yield
- Issuance of 546,053 PSUs as dividend equivalents, aligning employee interests with shareholder value
- None.
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - September 16, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to confirm its Q3 2024 dividend payment, along with the grant of performance share units ("PSUs") to employees and officers of the Company, in accordance with the Company's performance and restricted share unit plan.
Q3 2024 Dividend Payment
As previously announced on August 8, 2024, the Company confirms that a dividend payment of US
Issuance of Dividend Equivalent PSUs
In accordance with PetroTal's PSU plan, the Company's September 13, 2024 dividend distribution resulted in an additional 546,053 PSUs being issued, of which 359,990 were to Officers. The remaining 186,063 PSUs were issued to employees, and will vest according to their original grant date.
| Manuel Pablo Zuniga-Pflucker | President and CEO | 281,167 |
| Camilo McAllister | Executive Vice President and CFO | 14,480 |
| Jose Contreras | Chief Operating Officer | 58,703 |
| Sudan Maccio | Chief Legal Counsel | 5,640 |
The Company has a total of 17,411,838 PSUs outstanding.
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
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. Such statements relate to possible future events, including, but not limited to: oil production levels and production capacity; PetroTal's 2024 program for drilling, completions and other activities; plans and expectations with respect to the OCP and Ecuador export pilot (including the expectation that pilot oil will travel approximately 1,000 km by barge to Block 19); and PetroTal's expectations with respect to projects and key initiatives to be financed with contributions from the Social Trust Fund. 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.
OIL REFERENCES: All references to "oil" or "crude oil" production, revenue or sales in this press release mean "heavy crude oil" as defined in National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101").
SHORT TERM RESULTS: References in this press release to peak rates, initial production rates, current production rates, 30-day production rates and other short-term production rates are useful in confirming the presence of hydrocarbons, however such rates are not determinative of the rates at which such wells will commence production and decline thereafter and are not indicative of long-term performance or of ultimate recovery. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production of PetroTal. The Company cautions that such results should be considered to be preliminary.
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, 2024 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/223366
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