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PetroTal Corp ( (TSE:TAL) ) has provided an update.
PetroTal Corp. announced the repurchase of 18,155 common shares as part of its share buyback program, with the shares being cancelled after purchase. This move reduces the total number of shares outstanding to 913,207,013, potentially impacting shareholder voting rights and market perception of the company’s stock value.
More about PetroTal Corp
PetroTal Corp. is a publicly traded oil and gas development and production company based in Calgary, Alberta. The company is primarily focused on developing oil assets in Peru, with its flagship asset being the Bretana oil field in Peru’s Block 95. PetroTal became the largest crude oil producer in Peru in early 2022 and is committed to community-sensitive energy production.
Learn more about TAL stock on TipRanks’ Stock Analysis page.