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PetroTal Corp ( (TSE:TAL) ) just unveiled an update.
PetroTal Corp has executed a share buyback program, purchasing 20,120 common shares through Stifel Nicolaus Europe Limited, which will be canceled. This action reduces the total number of shares in circulation to 913,039,213, impacting shareholder voting rights and potentially increasing shareholder value by reducing share dilution.
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. Its flagship asset is the Bretana oil field in Peru’s Block 95, where it holds a 100% working interest. The company became the largest crude oil producer in Peru in early 2022 and is committed to community-sensitive energy production.
For a thorough assessment of TAL stock, go to TipRanks’ Stock Analysis page.