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PetroTal Corp ( (TSE:TAL) ) has shared an announcement.
PetroTal Corp. announced a share buyback program, purchasing 31,726 common shares through Stifel Nicolaus Europe Limited, which will be canceled. This transaction reduces the total number of shares in circulation to 913,825,570, impacting the company’s voting rights and shareholder notifications under the FCA’s Disclosure Guidance and Transparency Rules. The buyback is part of PetroTal’s strategy to manage its capital structure and potentially enhance shareholder value.
More about PetroTal Corp
PetroTal Corp. is a publicly traded oil and gas development and production company based in Calgary, Alberta. The company focuses on developing oil assets in Peru, with its flagship asset being the Bretana oil field in Peru’s Block 95. PetroTal began oil production in June 2018 and became the largest crude oil producer in Peru by early 2022. The company is committed to community-sensitive energy production, benefiting all stakeholders.
For detailed information about TAL stock, go to TipRanks’ Stock Analysis page.