Public market insider selling at PetroTal (TAL)

Public market insider selling at PetroTal (T:TAL)

Manuel Pablo Zuniga Pflucker, a Senior Officer and Director, disposed of 6,800,000 Common Shares on a direct ownership basis at a price of $0.413GBP on July 8th, 2022. This represents a $4,377,670 divestment of the company's shares and an account share holdings change of -59.3%.

PetroTal is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

PetroTal Corp. is an oil and gas company. The Company is focused on the exploration, appraisal and development of crude oil and natural gas in Peru, South America. Through its two subsidiaries in Peru, the Company is engaged in the ongoing development of hydrocarbons in Block 95 with a focus on the development of, and production from the Bretana oil field. In addition to further leads in Block 95, the Company also has exploration prospects and leads in Block 107. The Bretana oil field is located in the Maranon basin of northern Peru. The Company has a 100% working interest in the Bretana oil field. Approximately 70% of the oil in the Maranon basin has been produced from the Vivian formation and approximately 30% from the Chonta formation. It also has a 100% working interest in approximately 623,280-acre block, of which the Osheki prospect is estimated to have 278.4 million barrels of prospective recoverable oil resources.