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PetroTal Corp ( (TSE:TAL) ) has provided an update.
PetroTal Corp announced the repurchase of 21,234 common shares as part of its share buyback program, with the shares subsequently being canceled. This transaction reduces the total number of shares in circulation, potentially increasing the value of remaining shares and reflecting the company’s confidence in its financial position. Following this buyback, the total voting rights in the company stand at 914,449,501, which shareholders can use for regulatory reporting purposes.
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 is known for its flagship asset, the Bretana oil field in Peru’s Block 95, where it holds a 100% working interest. PetroTal became the largest crude oil producer in Peru in early 2022 and is committed to community-sensitive energy production.
See more data about TAL stock on TipRanks’ Stock Analysis page.