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PetroTal Corp ( (TSE:TAL) ) has shared an update.
PetroTal Corp has executed a share buyback program, repurchasing 20,068 common shares through Stifel Nicolaus Europe Limited. These shares will be canceled, reducing the total number of shares in circulation to 913,294,608. This move 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 a 100% working interest in 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.
For detailed information about TAL stock, go to TipRanks’ Stock Analysis page.