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PetroTal Corp ( (TSE:TAL) ) just unveiled an update.
PetroTal Corp. has executed a share buyback program, purchasing 10,000 common shares, which will be cancelled, reducing the total number of shares in circulation to 914,209,265. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting a proactive approach in its financial management.
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 became the largest crude oil producer in Peru in early 2022 and is committed to community-sensitive energy production.
Find detailed analytics on TAL stock on TipRanks’ Stock Analysis page.