PetroTal Corp., a prominent oil and gas development and production company based in Calgary, Alberta, made a significant announcement regarding its share buyback program on the London Stock Exchange. The company disclosed that it had engaged in the repurchase of a substantial number of its own common shares through Stifel Nicolaus Europe Limited. This transaction, in line with PetroTal’s buyback program initiated in May 2024, saw the company acquire a specific quantity of common shares, subsequently to be canceled.

The share buyback, executed on March 26, 2025, involved the procurement of 10,235 common shares on the AIM and TSX exchanges, totaling 20,470 shares. The prices per share ranged from 37.400 pence to 0.69 CAD, with a volume-weighted average price of 37.400 pence and 0.69 CAD. Following the completion of this buyback and the subsequent cancellation of repurchased shares, PetroTal will have no common shares in treasury, with a total of 915,975,870 common shares in issue, excluding treasury shares. This figure will also represent the total voting rights within the company.

The disclosed details of the individual trades conducted by Stifel under the buyback program provide transparency to shareholders and the market. This information, in compliance with relevant regulations, outlines the specifics of each transaction, including the number of shares purchased, transaction prices, and trading venues.

PetroTal’s strategic move to repurchase its own shares signifies a proactive approach to capital management and signals confidence in the company’s financial position and future prospects. By reducing the number of outstanding shares, PetroTal aims to enhance shareholder value and optimize its capital structure. This buyback initiative aligns with the company’s broader financial strategy and commitment to creating sustainable value for its stakeholders.

Founded in Calgary, PetroTal focuses on oil asset development in Peru, particularly in the Bretana oil field within Block 95. With a strong management team boasting extensive experience in the Peruvian oil industry, PetroTal has established itself as a key player in the region. The company’s emphasis on safe and efficient operations, coupled with its community-centric approach to energy production, underscores its commitment to responsible and sustainable business practices.

For investors and industry observers, PetroTal’s announcement of the share buyback on the London Stock Exchange serves as a notable development that reflects the company’s financial acumen and strategic decision-making. As PetroTal continues to expand its operations and strengthen its position in the market, such initiatives contribute to shaping its financial landscape and signaling its confidence in future growth opportunities.