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The latest update is out from PetroTal Corp ( (TSE:TAL) ).
PetroTal Corp announced that its President and CEO, Manuel Pablo Zuniga-Pflucker, sold 2,000,000 common shares to cover personal tax liabilities related to the vesting of Performance Share Units. This transaction reduces his total beneficial interest in the company to 13,153,063 common shares while he retains 9,885,471 PSUs and DEUs convertible into common shares. The sale is not expected to impact the company’s operations or market position significantly.
More about PetroTal Corp
PetroTal Corp is a publicly traded oil and gas development and production company based in Calgary, Alberta. It focuses on developing oil assets in Peru, with its flagship asset being the Bretaña Norte oil field in Peru’s Block 95. The company has become the largest crude oil producer in Peru since early 2022 and is committed to community-sensitive energy production.
Learn more about TAL stock on TipRanks’ Stock Analysis page.