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PetroTal Corp ( (TSE:TAL) ) has issued an announcement.
PetroTal Corp has executed a share buyback program, purchasing a total of 21,540 common shares, which will be canceled. This transaction reflects the company’s strategic efforts to enhance shareholder value and manage its capital structure effectively. Following this buyback, PetroTal will have 916,596,116 common shares in issue, which stakeholders can use for calculations concerning their interests under regulatory guidelines.
More about PetroTal Corp
PetroTal Corp is a publicly traded oil and gas development and production company, headquartered in Calgary, Alberta. It focuses on developing oil assets in Peru, with its primary asset being a 100% working interest in the Bretana oil field in Peru’s Block 95. Since its inception of production in June 2018, PetroTal has grown to become the largest crude oil producer in Peru. The management team is experienced in oil exploration and development in Peru, and the Board is committed to safe and cost-effective development while promoting community-sensitive energy production.
YTD Price Performance: 15.00%
Average Trading Volume: 699,115
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$629M
Learn more about TAL stock on TipRanks’ Stock Analysis page.
