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PetroTal Corp ( (TSE:TAL) ) just unveiled an announcement.
PetroTal Corp. announced the purchase and cancellation of 20,372 common shares as part of its share buyback program, reducing the total number of shares in circulation to 913,334,798. This move is part of the company’s strategy to manage its share capital and potentially enhance shareholder value, reflecting its ongoing commitment to financial optimization and stakeholder interests.
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 is known for its 100% working interest in the Bretana oil field in Peru’s Block 95, where it began oil production in June 2018. By early 2022, PetroTal became the largest crude oil producer in Peru. The company is committed to safely and cost-effectively developing the Bretana oil field while promoting community-sensitive energy production.
For a thorough assessment of TAL stock, go to TipRanks’ Stock Analysis page.