PetroTal Announces Q4 2025 Operations and Financial Updates, and Appointment of Chief Operating Officer

Core Viewpoint - PetroTal Corp. is focused on restoring production and cash flow amid weak oil prices, with recent operational improvements and a positive outlook for 2026 [2][4]. Production and Operations Update - Average group production in Q4 2025 was 15,258 barrels of oil per day (bopd), with 14,766 bopd from the Bretana field and 492 bopd from the Los Angeles field [4][9]. - Cumulative annual production for 2025 was over 7.1 million barrels, reflecting a 9.2% increase from 2024, with an annual average production of 19,473 bopd [4][9]. - The Bretana field achieved a cumulative production milestone of 30 million barrels, with proven reserves increasing from 16.9 million barrels in 2017 to 67 million barrels by the end of 2024 [6]. Cash and Liquidity Update - As of December 31, 2025, PetroTal had a total cash position of $139.1 million, with $112.4 million being unrestricted cash, up from $108.8 million at the end of Q3 2025 [7][9]. - The company had approximately $26.7 million in restricted cash, primarily related to an escrow account for a loan [7]. Leadership Changes - Jorge Osorio was appointed as Chief Operating Officer effective January 12, 2026, bringing extensive experience from Ecopetrol and BP, where he managed significant production and capital expenditures [3][12][11].