PetroTal Reports 2Q:18 Financial Results

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(PetroTal Corp., 23.Aug.2018) — PetroTal Corp. provided a summary of its financial and operating results as of June 30, 2018.

Selected financial and operational information is outlined below and should be read in conjunction with the company’s unaudited consolidated financial statements, and management’s discussion and analysis (MD&A) for the quarter ended June 30, 2018, which are available on SEDAR at www.sedar.com and the company’s website at www.petrotal-corp.com. All figures referred to in this press release are denominated in U.S. dollars.

2018 SECOND QUARTER HIGHLIGHTS

— Initiated oil production at the Bretaña field on June 1 to begin commissioning facilities

— Produced approximately 6,300 barrels of oil during commissioning phase in June

— Produced approximately 24,700 bbls in July as expected under restricted choke

— Installation of full water handling facilities is ahead of schedule

— PetroTal has been qualified by Perupetro as a 100 percent working interest operator

FINANCIAL HIGHLIGHTS

The following table summarizes key financial highlights associated with the company’s financial performance for the second quarter ended June 30, 2018.

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