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PetroTal Corp ( (TSE:TAL) ) has provided an update.
PetroTal Corp. announced the repurchase and cancellation of 20,664 common shares as part of its share buyback program, reducing the total number of outstanding shares to 913,745,322. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting its strong market position and commitment to its stakeholders.
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.
See more insights into TAL stock on TipRanks’ Stock Analysis page.