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CALGARY/HOUSTON - PetroTal Corp. (TSX:TAL, AIM: PTAL, OTCQX: PTALF) announced Tuesday that its President and Chief Executive Officer, Manuel Pablo Zuniga-Pflucker, has sold 2 million common shares over a four-day period from August 13 to August 18, 2025.
The shares were sold at an average price of C$0.668818 per share, with the company stating the transaction was primarily to fund normal course personal tax liabilities associated with the vesting of Performance Share Units (PSUs).
Following the transaction, Zuniga-Pflucker retains a beneficial interest of 13,153,063 common shares in the company. He also continues to hold 9,885,471 PSUs and DEUs that are convertible into common shares.
PetroTal is an oil and gas development and production company focused on assets in Peru. The company’s primary asset is its 100% working interest in the Bretaña Norte oil field in Peru’s Block 95, where oil production began in June 2018. By early 2022, PetroTal had become the largest crude oil producer in Peru, according to the company’s press release.
The notification of the share disposal was made in accordance with regulatory requirements for director dealings.
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