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PetroTal Corp ( (TSE:TAL) ) has shared an announcement.
PetroTal Corp. has executed a share buyback program, purchasing 31,188 common shares which will be canceled, reducing the total number of shares in circulation to 913,888,858. This move is part of the company’s strategy to manage its capital structure and could potentially enhance shareholder value by reducing the number of shares outstanding.
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 and has become the largest crude oil producer in Peru since early 2022. PetroTal is committed to community-sensitive energy production, benefiting all stakeholders.
Find detailed analytics on TAL stock on TipRanks’ Stock Analysis page.