THE WOODLANDS, Texas, Nov. 25, 2024  — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the addition of a new senior technical executive.

Mr. James J. Parr joins Ring as Executive Vice President, Exploration and Geosciences. Mr. Parr is an experienced petroleum geologist with over 30 years of energy leadership in all aspects of the upstream petroleum business in multiple global organizations. As a key member of the executive team, Ring Energy is enhancing its ability for further value creation through identification, capture, and execution of both organic and inorganic growth opportunities. Preng & Associates assisted in this search.

Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, “I have had the pleasure of working closely with James in the past, who is a respected oil finder with an established history of successful capital allocation and portfolio management resulting in impactful, low-cost reserve additions, and related positive contributions to the bottom line. We look forward to leveraging James’ extensive technical background and industry experience to help grow our opportunity set of highly attractive drilling prospects targeted to further maximize the Company’s cash flow, improve the balance sheet, and drive increased value for our stockholders.”

About Mr. Parr

Prior to joining Ring, from June 2022, Mr. Parr served as Vice President, Global New Ventures for Woodside Energy, where he was responsible for core exploration and business development activities worldwide while also supporting upstream M&A. Preceding BHP’s merger with Woodside in 2022, Mr. Parr served as Head of Growth, Petroleum for BHP Petroleum from 2021. Mr. Parr served as Director of International Exploration for Anadarko Petroleum Corporation from 2018 until acquisition by OXY at the end of 2019. From 2011 to 2018, Mr. Parr was Vice President, International New Ventures and Gulf of Mexico for APA (formerly Apache) Corporation. Before joining Apache, from 2004 to 2011, Mr. Parr served as Director, Exploration and Business Development for Cabot Oil & Gas Corporation after serving in several roles of increasing responsibility with Anadarko, ARCO and BP.

Mr. Parr earned a B.S. degree in Geological Sciences (Honors) from the University of Aston (Birmingham, England) followed by doctoral studies in Earth Sciences at the University of Cambridge (Cambridge, England). Additionally, Mr. Parr has participated in executive management programs at Thunderbird School of Executive Management (Arizona State University), Wharton Business School (University of Pennsylvania), and Cox School of Business (Southern Methodist University in Dallas, Texas). Mr. Parr is a Texas Certified Professional Geologist (#5600).

About Ring Energy, Inc.

Ring Energy, Inc. is an oil and gas exploration, development, and production company with current operations focused on the development of its Permian Basin assets. For additional information, please visit www.ringenergy.com.

Source Link: https://www.ringenergy.com/investors/news-events/press-releases/detail/224/ring-energy-announces-addition-to-management-team

HAMPTON, NH, Oct. 30, 2024 (GLOBE NEWSWIRE) — Unitil Corporation (NYSE:UTL) (unitil.com) today announced that its Board of Directors has elected Jane Lewis-Raymond to the Board. The addition of a new director is part of the Board’s normal succession planning process in anticipation of the upcoming retirements of directors reaching the mandatory retirement age of 75. Unitil partnered with Preng & Associates to successfully identify and secure top executive talent for a Board role in the utilities industry. Ms. Lewis-Raymond will stand for election to the Board by the shareholders of the Company at the next annual meeting of shareholders, which will be held in April 2025.

Ms. Lewis-Raymond is principal of Hilltop Strategies, LLC (“Hilltop”), which provides strategic consulting services to senior executives in a wide variety of industries. At Hilltop she brings vast experience as a natural gas utility executive, including deep knowledge of corporate governance, community relations, cybersecurity oversight, as well as data privacy, safety, and corporate ESG programs. Prior to Hilltop, Ms. Lewis-Raymond was a partner in the corporate and energy groups at the firm of Parker Poe Adams and Bernstein (“Parker Poe”). Prior to Parker Poe, she served as senior vice president and chief legal, compliance and external relations officer at Piedmont Natural Gas Company, Inc. (“Piedmont”), which is now a wholly owned subsidiary of Duke Energy. Prior to Piedmont, she held the position of vice president of regulatory affairs at the American Gas Association. Ms. Lewis-Raymond also currently serves on the Board of Southwest Gas Holdings, Inc. Ms. Lewis-Raymond earned a Bachelor of Arts degree in Government and Politics and East Asian Language and Literature from the University of Maryland, and a J.D. from the University of Maryland School of Law, Order of the Coif.

“We are delighted that Jane Lewis-Raymond will be joining the Unitil Board,” said Thomas P. Meissner, Jr., Unitil’s chairman and chief executive officer. “Jane is a proven leader having served as an attorney and an executive in the natural gas industry for nearly three decades. She brings a broad portfolio of skills that will enhance and complement our Board’s existing skill set and strengthen our commitment to safety, growth and sustainability.”

About Unitil Corporation
Unitil Corporation provides energy for life by safely and reliably delivering electricity and natural gas in New England. We are committed to the communities we serve and to developing people, business practices, and technologies that lead to the delivery of dependable, more efficient energy. Unitil Corporation is a public utility holding company with operations in Maine, New Hampshire and Massachusetts. Together, Unitil’s operating utilities serve approximately 108,500 electric customers and 88,400 natural gas customers. For more information about our people, technologies, and community involvement please visit unitil.com.

CAPE TOWN, South Africa, October 17, 2024/APO Group/ — International executive search firm Preng & Associates has joined the African Energy Week (AEW): Invest in African Energy 2024 conference as an Associate Sponsor. In this capacity, Preng & Associates will support industry engagement as companies and stakeholders convene in Cape Town to discuss the future of Africa’s energy industry.

As the African energy market continues to grow with new investments and partnerships driving the sector forward, finding the right talent to lead these initiatives is paramount. Preng & Associates, with over 40 years of experience, has successfully placed top executives and industry leaders in key roles across the energy value chain. Their participation at AEW: Invest in African Energy 2024 underscores the company’s role as a trusted partner for Africa’s energy industry through world-class executive recruitment and consulting services.

BISMARCK, ND, August 14, 2024 The North Dakota Industrial Commission named Nathan Anderson as the next director of the Department of Mineral Resources (DMR). Anderson succeeds former Director Lynn Helms who retired on June 30 after 26 years of service. Preng & Associates assisted the State of North Dakota in this search for an experienced leader to oversee the State’s mineral resources. Anderson’s start date will be Sept. 16.

Anderson has worked in the oil and gas industry for 25 years, with roles spanning most petroleum engineering disciplines, as well as regulatory leadership roles in Texas, Ohio and Colorado. Anderson most recently served as PDC Energy’s senior asset director from 2018 to 2023, and continued as a senior advisor after the company was acquired by Chevron in 2023.

“We are pleased to welcome Nathan to the Industrial Commission and the Department of Mineral Resources,” said the Commission in a joint statement. The Commission consists of Gov. Doug Burgum as chair, Attorney General Drew Wrigley and Agriculture Commissioner Doug Goehring. “This role is critical for our state as it fosters the continued growth of the industry responsible for over 63% of our state’s revenues. Nathan’s deep background in industry and his strong understanding of the complete life cycle of an oil and gas asset make him exceptionally well-positioned to lead DMR, and we are confident that he will serve our state well.”

A Minot native, Anderson earned a bachelor’s degree from North Dakota State University. He has also served on several regulatory committees, including the Texas and the Ohio Oil and Gas Associations. While in Texas, Anderson’s team drilled some of the first U-laterals in the state.

“I am honored to be chosen for this role and am excited to be able to serve the DMR, its employees, the energy industry and the people of the great state of North Dakota,” Anderson said. “I look forward to getting started in the near future.”

About The North Dakota Department of Mineral Resources

In 2005, DMR was formed under the Industrial Commission by merging the Oil and Gas Division and the North Dakota Geological Survey into one department. The Oil and Gas Division was created in 1981 to serve as the regulatory agency tasked with permitting and overseeing oil and gas development. The Geological Survey was created in 1895 and is tasked with mapping North Dakota’s geologic resources and overseeing non-oil and gas mineral development. In 2018, DMR was also tasked with regulating Carbon Capture, Utilization and Storage (CCUS) when North Dakota became the first state to achieve primacy over the Class VI Underground Injection Control Program from the U.S. Environmental Protection Agency.

About Preng & Associates

Preng & Associates, founded in 1980, is the only retainer-based international executive search firm specializing solely in the energy industry. The firm’s experience spans the entire energy value chain – from the well head to the wall socket. Their subsector verticals have specific expertise in Oil and Gas (Upstream, Midstream and Downstream), Oilfield Equipment and Services, Power & Utilities, Renewables, Engineering and Construction, and Industrials. Preng & Associates has conducted more than 4,000 engagements for over 880 companies and placed individuals for board, executive management, and professional positions in 92 countries.

Source link: https://www.ndic.nd.gov/news/industrial-commission-names-nathan-anderson-director-department-mineral-resources

Ring Energy, Inc. (NYSE: REI) (“Ring” or the “Company”) today announced a management team update, including the addition of a new senior executive. Mr. Phillip Feiner has joined Ring as Vice President, General Counsel. With more than 25 years of energy industry experience, including with both public and private companies, Mr. Feiner is responsible for leading Ring’s legal and human resources efforts. Preng & Associates, a leading global executive search firm, was retained to assist with the search.

Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, “We are pleased to have Phillip join the Company given his substantial background and industry experience. This role is key to the execution of our long-term strategy, and I – along with the rest of the team – look forward to working closely with Phillip as we continue to focus on maximizing the Company’s cash flow, improving the balance sheet, and driving increased value for our stockholders.”

Prior to joining Ring, Mr. Feiner most recently served as General Counsel for Nacero Inc., a renewable fuels company. Prior to Nacero, Phillip served as General Counsel for HSB Solomon Associates, a global consulting and benchmarking firm serving the upstream, midstream, and downstream energy space. From 2011 to 2019, Mr. Feiner worked at Kosmos Energy as Assistant General Counsel where he was promoted to Vice President, Legal and HR and subsequently to Vice President and Deputy General Counsel. Prior to Kosmos Energy, Phillip served as Vice President and General Counsel for Cano Petroleum. Mr. Feiner received a B.A. degree from the University of North Carolina at Wilmington and a J.D. degree from Wake Forest University School of Law.

About Ring Energy, Inc.

Ring Energy, Inc. is an oil and gas exploration, development, and production company with current operations focused on the development of its Permian Basin assets. For additional information, please visit www.ringenergy.com.

About Preng & Associates

Preng & Associates, founded in 1980, is the only retainer-based international executive search firm specializing solely in the energy industry. The firm’s experience spans the entire energy value chain – from the well head to the wall socket. Their subsector verticals have specific expertise in Oil and Gas (Upstream, Midstream and Downstream), Oilfield Equipment and Services, Power & Utilities, Renewables, Engineering and Construction, and Industrials. Preng & Associates has conducted more than 4,000 engagements for over 900 companies and placed individuals for board, executive management, and professional positions in 92 countries.

Source link: https://www.ringenergy.com/news-presentations-events/press-releases/detail/218/ring-energy-provides-management-team-update

Kimmeridge, an alternative asset manager focused on the energy sector, has appointed David Lawler as Chief Executive Officer of its affiliate, Kimmeridge Texas Gas (“KTG”), effective immediately. Mr. Lawler will advance KTG’s efforts to become a fully integrated provider of LNG from well-head to water – providing reliable, secure and clean energy to global markets. Preng & Associates, a leading global executive search firm, was retained to assist with the search.

Mr. Lawler brings more than 30 years of experience in the energy sector, with a distinguished track record across each of the positions he has held. Most recently, he served as Chairman and President of BP America, which accounted for nearly 40% of corporate global revenue. While at BP America, Mr. Lawler spearheaded the formation and implementation of an integrated strategy to achieve net-zero production by 2050. In addition, Mr. Lawler served as CEO of BPX Energy, BP’s onshore unconventional and midstream business. He led the $10.5 billion acquisition of BHP’s onshore assets, BP’s largest acquisition in more than 20 years, and built a world class operating team that delivered significant year-on-year improvements, including growing production over 125% while significantly reducing emissions in the Permian Basin.

To further accelerate KTG’s growth trajectory, Kimmeridge announced the closing of a follow-on control investment in Commonwealth LNG (“Commonwealth”). The funding will support a 9.5 million tons per annum (mtpa) LNG export facility in Cameron, Louisiana, through anticipated final investment decision (FID) in 1H 2025, and will raise Kimmeridge’s equity ownership in Commonwealth to over 90%.

Ben Dell, Managing Partner of Kimmeridge and Director at KTG, said, “We welcome David to the KTG team as it enters a compelling new era of growth, while accelerating carbon neutrality through the development of environmentally responsible, low-cost energy assets. David has shaped and led large-scale, best-in-class operations that align with Kimmeridge’s commitment to enhancing capital efficiency and reaching net-zero operations. Additionally, we would like to thank Mike Wieland for all his contributions as CEO of KTG since September 2022, helping to build it into the high-quality, scaled asset it is today.”

Mr. Dell continued, “We are excited to take a controlling interest in Commonwealth LNG as we integrate our business from well-head to water, and look forward to the completion of a best-in-class LNG export facility in Louisiana.”

Farhad Ahrabi, Commonwealth CEO and President, said, “We are delighted to integrate into the Kimmeridge team as we work towards FID in 2025. Kimmeridge shares our vision of bringing a differentiated offering to the LNG market, and we look forward to commencing delivery to our customers in 2028.”

David Lawler, CEO of KTG, said, “I am very pleased to join the KTG team and look forward to advancing the Company’s plans of becoming a fully integrated provider of LNG from well-head to water, including through our expanded partnership with Commonwealth, with an option for net zero cargoes. When produced responsibly, LNG is a reliable, easily accessible energy source. In the future, KTG will export clean energy across the world, helping economies accelerate their transition ambitions.”

About David Lawler

In addition to his roles at BP and BPX, Mr. Lawler served as Executive Vice President and Chief Operating Officer at SandRidge Energy, a US-based oil and gas independent. Prior to SandRidge, he was Chief Executive Officer and President of PostRock Energy Corporation. He also worked for Shell E&P Co. as an engineering and operations manager with full P&L and HSE responsibility for the South Tex and Mobile Bay E&P assets. Mr. Lawler began his career as a Production Engineer with Conoco and as a Drilling Engineer with Burlington Resources.

Mr. Lawler graduated from the Colorado School of Mines with a Bachelor of Science in Petroleum Engineering in 1990 before earning an MBA from Tulane University in 2003. He is also a Trustee of the Colorado School of Mines, appointed by Colorado Governor Jared Polis in 2022.

About Kimmeridge

Founded in 2012 by Ben Dell, Dr. Neil McMahon and Henry Makansi, Kimmeridge is an alternative asset manager focused on the energy sector. The firm is differentiated by its direct investment approach, deep technical knowledge, active portfolio management, proven sustainability track record and proprietary research and data gathering.

About Kimmeridge Texas Gas

Kimmeridge Texas Gas is a conventional producer of natural gas committed to accelerating carbon neutrality by developing environmentally responsible, low-cost energy assets. With approximately 148,000 net acres in Texas overlaying the dry gas window of the Eagle Ford Shale within Webb, La Salle, McMullen and Karnes counties, the Company produces approximately 400 million cubic feet equivalent of natural gas and oil per day, selling into the South Texas market with access to Mexican export channels, to LNG terminals for global sales, and into pipelines directly servicing Gulf Coast petrochemical facilities.

About Commonwealth LNG

Commonwealth LNG is a 9.5 mtpa liquefied natural gas (LNG) export terminal project located on the Calcasieu River at the Gulf of Mexico near Cameron, Louisiana. The project’s leadership team is committed to building a world-class LNG facility by staying relentlessly focused on managing risk and lowering capital cost.

About Preng & Associates

Preng & Associates, founded in 1980, is the only retainer-based international executive search firm specializing solely in the energy industry. The firm’s experience spans the entire energy value chain – from the well head to the wall socket. Their subsector verticals have specific expertise in Oil and Gas (Upstream, Midstream and Downstream), Oilfield Equipment and Services, Power & Utilities, Renewables, Engineering and Construction, and Industrials. Preng & Associates has conducted more than 4,000 engagements for over 880 companies and placed individuals for board, executive management, and professional positions in 92 countries.

Source link: https://www.prnewswire.com/news-releases/kimmeridge-texas-gas-appoints-david-lawler-as-ceo-kimmeridge-closes-follow-on-control-investment-in-commonwealth-lng-302182153.html?

Lapis Energy, an integrated carbon management company, announced today that Rusty Desormeaux is joining their Executives team as Chief Operating Officer. Preng & Associates assisted in this search for an executive leader in the carbon management industry.

With over 25 years of global experience in the energy industry, Rusty has a proven track record in leading operations, production, drilling, and engineering teams, most recently serving as the Director of CCS Capital Projects at Talos Energy. Previously, he worked at Murphy Oil and Kerr McGee Oil and Gas working as various engineering and operational management roles in Offshore and Onshore Oil and Gas production. Rusty Graduated from the University of Louisiana at Lafayette with a Bachelor of Science in Petroleum Engineering.

Rusty’s expertise and leadership will be instrumental as Lapis Energy continues to advance its industry-leading portfolio of CCS projects. Lapis is confident that Rusty will drive forward our mission to be the partner of choice delivering customized CCS solutions.

ABOUT LAPIS ENERGY

Lapis connects major CO2 emitters with the best CO2 storage sites. The Lapis team comprises leading industry experts with multiple decades of relevant technical, commercial and project experience with the biggest companies in the world. Backed by private equity finance infrastructure development specialists, Cresta Fund Management, Lapis is positioned to become a market leader in the rapidly evolving world of industrial decarbonization through CCS.

As the energy industry undergoes a fundamental restructuring, Lapis represents the bridge between the best traditional solutions and structures and the next generation to ensure effective and efficient project development and delivery of commercially viable investments. For more information about Lapis Energy, please visit https://www.lapisenergy.com/

Source Link: https://www.linkedin.com/posts/lapis-energy_exciting-news-from-lapis-we-are-delighted-activity-7208496620147990528-TCvU/

Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) announced that it has appointed Leon Chad as Senior Vice President, Commercial, effective June 3, 2024. Preng & Associates assisted in this search. This appointment serves as the replacement for the Company’s Senior Vice President – Global Business Lines who departed in March 2024.

With over three decades of both domestic and international experience in the energy and chemistry industries, Mr. Chad brings invaluable expertise that will further enhance the Company’s strategy to drive market share gains through its differentiated chemistry and data solutions.

Ryan Ezell, Chief Executive Officer, said “I am thrilled to welcome Leon as the newest member of our leadership team at a time when we continue to aggressively execute accretive initiatives aimed at building a resilient business that can sustain profitability through the volatility inherent in our industry. Mr. Chad’s proven track record of developing and implementing successful business strategies around sales, marketing and commercial operations across the globe in the energy and chemistry industries will be instrumental in helping the Company to execute its strategy.”

Prior to joining Flotek, Mr. Chad served as Product Line Director at Baker Hughes, where he led the chemicals service delivery operation for the North America Offshore region. Prior to this, he was Director and Vice President at Locus Fermentation Solutions, a bio-chemical startup focused on green chemistry, where he was responsible for market growth and business development strategy and execution within the oilfield sector. Earlier, Mr. Chad was Head of Marketing and Global Head of Business Development for Clariant Oil Services, where he directed new market entry strategies, market expansion and technology-focused value-based growth initiatives. Mr. Chad’s extensive career also includes 20 years at Nalco Energy Services, where he held various sales, marketing, and commercial leadership roles. During his tenure at Nalco, he was based in diverse locations, including the UK, Houston, TX, and Dubai, where he led the MENA Region. Mr. Chad is fluent in Arabic and French and holds a Maitrise es Sciences in chemistry from the Lebanese University.

ABOUT FLOTEK INDUSTRIES

Flotek Industries, Inc. is an advanced technology-driven, green chemical and data analytics company providing unique and innovative completion solutions that have a proven, positive impact on sustainability and reducing the overall environmental impact of energy on air, land, water and people. Flotek has an intellectual property portfolio of over 170 patents and a global presence in more than 59 countries throughout North America, Latin America, the Middle East and North Africa. Flotek has established collaborative partnerships focused on sustainable and optimized chemistry and data solutions which improve well performance and allow its customers to generate higher returns on invested capital.

Source Link: https://www.flotekind.com/flotek-enhances-executive-leadership-team-with-addition-of-leon-chad-as-senior-vice-president-commercial/

PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) (“PetroTal” or the “Company“) is pleased to announce leadership team enhancements, the renewal of its normal course issuer bid (the “NCIB“) of approximately US$3 million per quarter (up to a maximum of US$12 million), following approval by the Toronto Stock Exchange (“TSX“), and other corporate updates.

Leadership Team Enhancements

Effective May 15, 2024, Mr. Sudan I. Maccio joined PetroTal Corp as Chief Legal Counsel and Corporate Secretary. Preng & Associates assisted in this search. Mr. Maccio brings over 30 years of extensive legal expertise in global energy, encompassing a wide range of legal, commercial, and leadership roles, including strategic projects, advising the board on corporate governance, risk management strategy, high-exposure litigation, cross-border matters, and internal investigations.

Mr. Maccio recently served as General Counsel and Corporate Secretary of Ecopetrol USA Inc., based in Houston Texas. Before Ecopetrol, Mr. Maccio was in private practice where he provided legal support to multibillion dollar M&A transactions in the refining and petrochemical sectors. His prior roles included serving as Assistant General Counsel at Eni US Operating Company, as well as in-house roles with Valerus Compression Services LP, BJ Services Company, Baker Hughes Inc., and Harvest Natural Resources, where he developed a strong track record supporting US domestic and international (Latin America) oil and gas transactions and operations.

Mr. Maccio is a candidate for an Executive MBA from Mays Business School at Texas A&M University, holds an LL.M. from the University of Illinois College of Law, and a law degree from the Táchira Catholic University School of Law. He is a member of the Texas Bar (2008).

In addition, effective March 31, 2024 Mr. Jose Contreras was promoted to Chief Operating Officer from his previous role as Senior Vice President, Operations. Mr. Contreras will oversee all of PetroTal’s operations and lead the overall operational growth strategy for the Company. Mr. Contreras was placed by Preng & Associates in 2023.

Renewal of Normal Course Issuer Bid

PetroTal expects that the NCIB will continue to provide an additional tool to enhance total long-term shareholder returns. The Company believes that, at times, the prevailing share price does not reflect the underlying value of its common shares (“Common Shares“) and the repurchase of Common Shares for cancellation represents an attractive opportunity to improve PetroTal’s per share metrics and thereby increase the value of the Common Shares.

Based on internal approvals, PetroTal intends to purchase up to 14,600,000 Common Shares, representing approximately 2% of its issued and outstanding Common Shares as at May 10, 2024, over a 12-month period commencing on May 24, 2024 and ending no later than May 23, 2025. Under the NCIB, purchases of Common Shares may be made through the facilities of the TSX, alternative trading systems in Canada, if eligible, and AIM, a market operated by the London Stock Exchange in accordance with applicable regulatory requirements. Purchases under the NCIB will be made through open market transactions at market price, as well as by other means as may be permitted under applicable securities laws. The actual number of Common Shares that may be purchased under the NCIB and the timing of any such purchases will be determined by management of the Company. Any Common Shares purchased under the NCIB will be cancelled.

Under the TSX rules, the total number of Common Shares PetroTal is permitted to purchase on the TSX is subject to a daily purchase limit of 128,666 Common Shares (representing 25% of the average daily trading volume of 514,665 Common Shares on the TSX calculated for the six months ended April 30, 2024); provided that PetroTal may make one block purchase per calendar week that exceeds such limits.

In connection with the NCIB, the Company renewed a buyback agreement with Stifel Nicolaus Europe Limited (“Stifel“), who will continue to conduct the NCIB on PetroTal’s behalf and entered into an automatic purchase plan (the “ASPP“) with Stifel. The ASPP allows for the purchase of Common Shares under the NCIB at times when PetroTal would ordinarily not be permitted to purchase Common Shares due to regulatory restrictions and self-imposed blackout periods. Under the ASPP, before entering into a blackout period, PetroTal may, but is not required to, instruct Stifel to make purchases under the NCIB within specified parameters. Such purchases would be at the discretion of Stifel based on parameters provided by the Company prior to the blackout period in accordance with the terms of the ASPP and in compliance with the rules and regulations of the TSX, AIM and applicable securities laws. Any purchase of Common Shares on the TSX or alternate trading systems in Canada will continue to be completed by Stifel Nicolaus Canada Inc. acting as agent for Stifel. The ASPP has been pre-cleared by the TSX. All purchases made pursuant to the terms of the ASPP will be included in computing the number of Common Shares purchased under the NCIB. Outside any blackout period, Common Shares may be purchased under the NCIB based on the discretion of the Company’s management in compliance with applicable exchange rules and securities laws.

The Company was permitted to repurchase up to 44,230,205 Common Shares under its current NCIB that ran from

May 18, 2023 to May 17, 2024. As at May 14, 2024, the Company had repurchased an aggregate 17,702,694 Common Shares under the expiring NCIB on the open market at a volume weighted average price per Common Share of approximately $0.58USD per share.

Ex Dividend Date for Q2 2024 Dividend

Based on new shortened security settlement rules in effect on May 27, 2024, which apply to Canadian securities industries, PetroTal is issuing an adjusted dividend timetable for its upcoming Q2 2024 dividend:

Ex dividend date: May 31, 2024 (previously May 30, 2024)
Record date: May 31, 2024 (unchanged)
Payment date: June 14, 2024 (unchanged)

2024 Virtual and in Person AGM

The Company is pleased to announce its 2024 annual general and special meeting of shareholders (“AGM“) will be held on June 19, 2024 (10:00am MT/15:00 UK) at the offices of Stikeman Elliott LLP in Calgary, Alberta. The Company’s Management Information Circular and Proxy Statement in respect of the AGM is available at www.sedarplus.ca and the Company’s website (www.petrotalcorp.com). Interested attendees can click on the virtual link below.

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.

Source Link: https://www.newsfilecorp.com/release/210045/PetroTal-Announces-Renewal-of-Share-Buyback-Program-and-Other-Corporate-Updates

PetroTal Corp.(TSE:TAL) (AIM:PTAL)  has announced Emilio T. Acin Daneri has joined as Vice President, Business Development. Preng & Associates assisted in completing this search.

Emilio Acin Daneri brings over 30 years of experience in several global oil companies, working in a variety of business development, commercial and financial executive roles. He has been instrumental in multiple merger, acquisition and divestiture transactions, primarily in Latin America.

Prior to PetroTal, Mr. Acin Daneri served as a Senior Commercial Advisor at CNOOC International, having key roles in developing transactions and alliances across Latin America. Prior to CNOOC, Mr. Acin Daneri was a Director at Repsol where he held several positions of increasing responsibility, including Director of Business Development for Europe, Asia and Africa and later Latin America, and Deputy CFO for the JV with Sinopec in Brazil. Prior to Repsol, he held commercial and finance positions at Madagascar Oil, Pioneer Natural Resources, El Paso Corporation and Santa Fe Energy Resources.

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 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.

Source Link:https://www.newsfilecorp.com/release/206607/PetroTal-Announces-Corporate-Updates