Houston, TX-based Talara Oil and Gas LLC has changed its name to PetroTal LLC, and appointed GMP Securities as its financial advisor.
"The company changed its name to more accurately reflect the regional focus of our acquisition and development strategy in Latin America," stated Manolo Zuniga, CEO.
"While the focus of our project base will be initially in Peru, the portfolio of opportunities under evaluation has grown significantly in Colombia where we believe the benefit of geographic diversity will further enhance our financial position and complement our Peruvian asset base and operational footprint," he continued.
PetroTal LLC has also signed an engagement letter with GMP Securities to raise additional capital and serve as the company’s financial advisor with respect to the planned acquisitions.
"GMP Securities has significant experience in the resource sectors throughout Latin America, and their experience in capital formation and financial advisory will serve PetroTal in our efforts to accelerate our acquisition strategy," said PetroTal CEO Greg Smith.