PetroTal Corp. announced that it has mandated Pareto Securities AS to arrange a series of fixed income investor virtual meetings commencing January 14, 2021. Subject to, inter alia, market conditions, a new USD 100 million senior secured three year bond issue (the "Bond Issue") may follow. The proceeds of the potential Bond Issue will be used to settle in full the cumulative oil price difference liability owed to Petroperu (approximately USD 16.6 million – as previously announced); to finance the ongoing development of PetroTal's Bretana oil field in Northern Peru; to provide funds to support the Company's hedging program; and to finance potential synergistic acquisitions. Proceeds from the contemplated Bond Issue will allow PetroTal to resume development drilling at Bretana in March 2021. In anticipation of expected higher oil production, the modular processing equipment for expansion of the second phase of Central Processing Facilities (CPF#2) is complete and is currently en route to Bretana.