PetroTal Corp. (TAL:CA) Q4 2025 Guidance Call January 20, 2026 10:00 AM EST

Company Participants

Manuel Zuniga Pflucker - President, CEO & Director Camilo McAllister - Executive VP & CFO

Presentation

Operator

Good afternoon. Thank you for joining PetroTal’s 2026 Guidance webcast. Your presenters today are Manolo Zuniga, President and CEO; and Camilo McAllister, CFO. Questions can be submitted via the platform, and we’ll do our best to answer as many as possible in the available time.

I’ll now hand over to Manolo and Camilo. Thank you.

Manuel Zuniga Pflucker President, CEO & Director

Thank you, Mark, and good morning, everyone, and thank you for joining PetroTal’s 2026 budget and Guidance webcast. As mentioned by Mark, my name is Manolo Zuniga, and I am the President and CEO of PetroTal. And joining me today is Camilo McAllister, our Executive Vice President and Chief Financial Officer. If you join via the link in this morning’s press release, you should see our 2026 budget presentation on your screen.

Before we begin, I would note that there are customary disclaimers at the end of the presentation, which I encourage you to review after our prepared remarks. This year’s webcast is a bit different from prior years. Rather than presenting a growth-oriented budget, we’re outlining what we view as a disciplined reset, one that is designed to protect liquidity, structurally reset our cost base and preserve the option value of the Bretana asset while oil prices remain under pressure.

With that context, let me begin on Slide 2, where we summarize the key production and financial metrics underlying our 2026 guidance. Starting with production, our 2026 guidance assumes an annual average of approximately 12,000 barrels of oil per day, which reflects the reality that any material production additions are unlikely to occur until late in the year. For context, production averaged