PetroTal Corp. executed definitive agreement to acquire Block 131 in Peru from Compañía Española de Petróleos, S.A. for $5 million.

PetroTal Corp. (TSX:TAL) executed definitive agreement to acquire Block 131 in Peru from Compañía Española de Petróleos, S.A. for $5 million on May 8, 2024. The transaction is subject to regulatory approval.

Evercore Group L.L.C. and Strand Hanson Limited acted as financial advisor and Stikeman Elliott LLP acted as legal advisor to PetroTal Corp.