PetroTal Corp ( (TSE:TAL) ) has provided an update.
PetroTal Corp announced the repurchase of 125,500 common shares as part of its ongoing share buyback program. The buyback, executed through Stifel Nicolaus Europe Limited, reflects PetroTal’s strategy to manage its capital structure and potentially enhance shareholder value. Following this transaction, the company has a total of 915,765,542 common shares in issue, with 915,382,710 shares having voting rights. This move could impact shareholder calculations regarding their interests in the company, as guided by the FCA’s Disclosure Guidance and Transparency Rules.
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. The company’s flagship asset is the Bretana oil field in Peru’s Block 95, where it holds a 100% working interest. PetroTal began oil production at this site in June 2018 and became the largest crude oil producer in Peru by early 2022. The company is committed to community-sensitive energy production and has a management team with significant experience in the Peruvian oil industry.
YTD Price Performance: 14.72%
Average Trading Volume: 615,632
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$549.7M
Learn more about TAL stock on TipRanks’ Stock Analysis page.