PetroTal Corp. Executes Share Buyback to Optimize Capital Structure

PetroTal Corp ( (TSE:TAL) ) has provided an update.

PetroTal Corp. announced the repurchase of 20,050 common shares as part of its ongoing share buyback program. This transaction, executed through Stifel Nicolaus Europe Limited, reflects the company’s efforts to manage its capital structure and potentially enhance shareholder value. Following the repurchase, PetroTal’s total voting rights stand at 915,037,038 shares, which stakeholders can use as a reference for regulatory disclosures.

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 the 100% owned Bretana oil field in Peru’s Block 95. The company became the largest crude oil producer in Peru in early 2022 and emphasizes community-sensitive energy production.

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