PetroTal Executes Share Buyback to Optimize Capital

PetroTal Corp (TSE:TAL) has released an update.

PetroTal Corp. has executed a share buyback program, purchasing 18,149 common shares at a consistent price of 36.500 pence per share, which will be canceled, leaving a total of 912,796,937 shares in circulation. This strategic move is part of the company’s efforts to manage its capital effectively, potentially enhancing shareholder value. The company’s primary focus remains on developing its flagship Bretana oil field in Peru.

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