3rd Sep 2026 07:00
Director Dealing
Calgary, AB and Houston, TX - September 3, 2026 - PetroTal Corp. ("PetroTal" or the "Company") (TSX: TAL, AIM: PTAL and OTCQX: PTALF) announces that Manuel Pablo Zuniga-Pflucker, President and Chief Executive Officer, disposed of 2,200,000 Common Shares of PetroTal over a two-day period from August 31 to September 1 inclusive, at an average price of C$0.51541/share. The sale was primarily to fund normal course personal tax liabilities associated with the vesting of Performance Share Units ("PSUs").
As a result of these transactions, Mr. Zuniga-Pflucker's total beneficial interest in the Company is now 10.8 million Common Shares. Mr. Zuniga-Pflucker also holds 10.5 million PSUs, which are convertible into Common Shares.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Manuel Pablo Zuniga-Pflucker | ||||
2 | Reason for the notification | |||||
a) | Position/status | President and Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | PetroTal Corp | ||||
b) | LEI | 21380047ER33PRH4XH56 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument Identification code |
PetroTal Corp Common Shares ISIN: CA71677J1012 | ||||
b) | Nature of the transaction | The sale of Common Shares of no par value each in the Company. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
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2,200,000 $0.51541 | ||||
e) | Date(s) of the transaction | August 31 - September 1, 2026 | ||||
f) | Place of the transaction | TSX | ||||
ABOUT PETROTAL
PetroTal is a publicly traded, tri‐quoted (TSX: TAL, AIM: PTAL and 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 the Bretaña Norte 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 Bretaña 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
T: (713) 253-4997
Manolo Zuniga
President and Chief Executive Officer
T: (713) 609-9101
PetroTal Investor Relations
Celicourt Communications
Mark Antelme / Jimmy Lea / Charles Denley-Myerson
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 / Georgia Langoulant
T: +44 (0) 20 7418 8900
The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.
Related Shares:
PetroTal