PetroTal Announces 2025 Year-End Oil Reserves

Contributing sentiments towards policy:

58% : Mr. Seminario is a senior geologist with more than 35 years of relevant professional experience in the oil and gas industry.
55% : It should not be assumed that the undiscounted or discounted net present value of future net revenue attributable to reserves estimated by NSAI represent the fair market value of those reserves. 1) The estimated tax rate is 32%. 2) Future net revenue after income taxes includes a 5% workers profit sharing deduction.
54% : * Proved ("1P") and Proved and Probable ("2P") reserves of 66.4 million barrels of oil ("mmbbls") and 110.2 mmbbls, respectively, approximately unchanged YoY; * Replaced 106% and 76% of Bretaña 1P and 2P reserves, respectively, after the field produced 6.9 mmbbls in 2025; * PDP and 1P after-tax reserve value per share (PV10AT) estimated at $0.48/sh (C$0.66, or £0.36) and $0.75/
53% : Net Present Value Discounted at 10% - Before Tax ($ millions) Year-End 2025
51% : Net Present Value Summary The following tables summarize NSAI's estimates of future net revenue attributable to the reserve categories noted below, both before and after income taxes.
51% : After Tax The figures above represent the NPV-10 (after tax) of PetroTal's consolidated reserves, divided by the number of common shares outstanding as of December 31 for the respective year.
48% : Net Present Value Discounted at 10% - After Tax ($ millions) Five Year Crude Oil Price Forecast - NSAI Report The oil price projections used by NSAI are based upon an average of January 1, 2026 and 2025 forecasts of Brent Crude futures prices prepared by three qualified reserves evaluators: GLJ Petroleum Consultants Ltd., McDaniel & Associates Consultants Ltd. and Sproule Associates Limited.
39% : Factors that could cause actual results to differ materially from those set forth in the forward-looking statements include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses; and health, safety and environmental risks), business performance, legal and legislative developments including changes in tax laws and legislation affecting the oil and gas industry and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures, credit ratings and risks, fluctuations in interest rates and currency values, changes in the financial landscape both domestically and abroad, including volatility in the stock market and financial system, wars (including Russia's war in Ukraine and the Israeli-Hamas conflict), regulatory developments, commodity price volatility, price differentials and the actual prices received for products, exchange rate fluctuations, legal, political and economic instability in Peru, access to transportation routes and markets for the Company's production, changes in legislation affecting the oil and gas industry, changes in the financial landscape both domestically and abroad (including volatility in the stock market and financial system) and the occurrence of weather-related and other natural catastrophes.
36% : 3) These estimates are a simplification of current tax laws and were not prepared by a tax accountant or attorney.

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