Business
PetroTal Announces Grant of Performance Share Units for Dividend Equivalents
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - June 17, 2024) - PetroTal Corp.  (TSX...
About this update from Petrotal Corp.
[{"type":"text","content":"PetroTal Announces Grant of Performance Share Units for Dividend EquivalentsCalgary, Alberta and Houston, Texas--(Newsfile Corp. - June 17, 2024) - PetroTal Corp.  (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) (\"PetroTal\" or the \"Company\") announces 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.Q1 2024 dividend declaration and PSU Dividend Equivalents. As announced on May 9, 2024, the Company is pleased to confirm that a total dividend payment of approximately US$13.7 million, representing US$0.015/share, was paid on June 14, 2024 to shareholders on record at May 31, 2024. This equates to a 10.9% annualized yield based on a US$0.56/share trading price. Shareholders should confirm with their brokers to verify their ownership status on May 31, 2024. In accordance with PetroTal's PSU plan (\"PSU\"), the Company's June 14, 2024 dividend distribution resulted in an additional 522,120 PSUs being issued, of which 315,276 PSUs are to Officers. The remaining 206,844 PSUs are issued to employees, and all will vest according to their original grant date. Manuel Pablo Zuniga-PfluckerPresident and CEO250,163Camilo McAllisterExecutive Vice President and CFO12,883Jose ContrerasChief Operating Officer52,230 The Company has a total of 10,598,317 PSUs outstanding.ABOUT PETROTALPetroTal 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 McAllisterExecutive Vice President and Chi...