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PetroTal Corp ( (TSE:TAL) ) has shared an announcement.
PetroTal Corp. announced the repurchase of 20,870 common shares as part of its share buyback program, with the shares being cancelled. This transaction leaves the company with 913,144,191 common shares in issue, impacting the total voting rights and potentially influencing shareholder interest notifications under the FCA’s rules. The buyback reflects PetroTal’s strategic financial management and could strengthen its market position by optimizing capital structure.
More about PetroTal Corp
PetroTal Corp. is a publicly traded oil and gas development and production company based in Calgary, Alberta, with a focus on developing oil assets in Peru. The company holds a 100% working interest in the Bretana oil field in Peru’s Block 95, which began oil production in June 2018. PetroTal became the largest crude oil producer in Peru in early 2022 and is committed to community-sensitive energy production.
For detailed information about TAL stock, go to TipRanks’ Stock Analysis page.