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An update from PetroTal Corp ( (TSE:TAL) ) is now available.
PetroTal Corp. has executed a share buyback program, purchasing 32,224 common shares through Stifel Nicolaus Europe Limited. This action leaves the company with 904,802,111 common shares in issue, which will serve as the denominator for shareholder interest calculations under the FCA’s rules. The buyback reflects PetroTal’s strategic focus on enhancing shareholder value and could potentially impact its market positioning by demonstrating financial stability and confidence in its operations.
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 a 100% working interest in the Bretana oil field in Peru’s Block 95. The company began oil production in June 2018 and became the largest crude oil producer in Peru in early 2022. PetroTal is committed to community-sensitive energy production and is led by a management team with significant experience in the Peruvian oil sector.
See more data about TAL stock on TipRanks’ Stock Analysis page.