PetroTal : August 2025 Investor Presentation

p e t r o t a l c o r p . c o m

Investor Presentation August 2025

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See additional details in the appendix

All figures in USD millions "m" unless otherwise stated

All production in "bopd" or "mmbbls" unless otherwise stated

Introduction to PetroTal

Corporate SummaryPetroTal is a publicly-traded oil and gas company focused on the development of oil assets in Peru.

Our flagship property is the Bretaña oil field located in the Marañon

Basin of northern Peru.

As an invested partner, we're working to help make Peru socially and

economically stronger.

P e t r o T a l C o r p . I n v e s t o r P r e s e n t a t i o n

TSX : TAL

AIM : PTAL

OTC : PTALF

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P e t r o T a l C o r p . I n v e s t o r P r e s e n t a t i o n

Production Financial 2025 Guidance

20,000 - 21,000 bopd

2025 guidance

22,160 bopd

YTD production1

21,039 bopd

Q2 2025 (actual)

17,785 bopd

FY 2024 (actual)

$0.53/share USD

Share Price on July 30, 2025

914M

Basic shares

$484M

Market Cap

$99M

Available Cash2,3

2.0x

EV/2025 Adjusted EBITDA4

$55M (12% yield)

2025 dividends and buybacks

$200-215M

Net operating income

$170-185M

Adjusted EBITDA

$130-145M

After tax funds flow

$80-100M

Capital expenditure budget

1. Average through June 30. 2025 / 2. As of Q2 2025 / 3. See footnotes and disclaimers for financial definitions. / 4. 2025 Adjusted EBITDA of $185 million assumes average H2 Brent oil price of $70.00/bbl. 3

Introduction to PetroTal

PetroTal overview PetroTal operating presence

Lima

Texas, USA Peru, South America

Houston

7th year of operation

$640m

Invested since inception through Q2 2025

28 mmbbls

Produced from Bretana since inception

$645m

Remaining 2P investment

114 mmbbls

Remaining 2P reserves

$5.66/bbl1,2

Remaining booked 2P development costs

P e t r o T a l C o r p . I n v e s t o r P r e s e n t a t i o n

1. Calculated as $64 5 million re ma ining futur e 2 P d eve lopment costs / 11 4 mmbbls of 2P reserves

2. Existing 2P FD&A costs since in cep tion ar e a pproximately $4.51/ bbl

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   Introduction to PetroTal

   P e t r o T a l C o r p . I n v e s t o r P r e s e n t a t i o n

   Experienced leadership

   Executive Leadership Team

   
   
   

   Manolo Zúñiga

   Director, President & Chief Executive Officer

   • Petroleum engineer with over 30 years of experience helping shape and promote oil investments in Peru

   • Former CEO of BPZ Energy

     
     
     

     Camilo McAllister

     Executive Vice President & Chief Financial Officer

   • Financial executive with over 30 years of experience in international energy companies

   • Former CFO of Constellation Offshore and

   Frontera Energy

   Max Torres

   
   
   

   Interim Chief Operating Officer

   • 30 years experience leading exploration projects

     around the world

   • Formerly with Ecopetrol, Repsol

     
     
     

     Sudan I. Maccio

     Chief Legal Counsel and Corporate Secretary

   • Legal executive with over 30 years of experience in global energy environments encompassing commercial, M&A, governance and risk matters

   • Previously General Counsel and Corporate

Secretary for Ecopetrol USA

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