PetroTal Corp (TSE:TAL) has released an update.
PetroTal Corp. has recently executed a share buyback, purchasing a total of 22,358 common shares, which will be subsequently cancelled, affecting the company’s total voting rights. The operation, part of a buyback program announced earlier in May, was conducted through Stifel Nicolaus Europe Limited with the prices per share ranging from 39.650 to 39.660 pence in the UK and at 0.690 CAD in Canada. This strategic move follows PetroTal’s growth as a significant oil producer in Peru, with the buyback reflecting management’s focus on value for shareholders and efficient asset development.
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