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PetroTal Corp ( (TSE:TAL) ) has issued an announcement.
PetroTal Corp. announced the repurchase of 31,562 common shares as part of its share buyback program, with the shares being cancelled. This transaction reduces the total number of shares in circulation, potentially increasing the value of remaining shares and signaling the company’s confidence in its financial health. The total voting rights in the company now stand at 913,857,296, which shareholders can use for interest calculations under regulatory guidelines.
More about PetroTal Corp
PetroTal Corp. is a publicly traded oil and gas development and production company based in Calgary, Alberta. The company is 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.