Petrotal Provides Risk Management Update News Today : Breaking News, Live Updates & Top Stories | Vimarsana

-      Further to the Company s press release dated
March 31, 2021, the remaining 1.4 million barrels of oil in the North Peruvian Pipeline ( ONP ) have now been hedged by Petroperu, thereby securing future total true-up revenue payments of approximately
USD$31 million for the original 1.8 million barrels;
-      At the corporate level, over 1.2 million barrels in total are now hedged, representing 32% of forecast oil production for
April 2021 to
December 2021.  PetroTal completed a second layer of its oil hedging program for 2021.  Approximately 338,000 barrels have been hedged (representing 9% of forecast oil production covering
August 2021 to
December 2021) in a Put structure with a
$60/bbl strike.  In addition, 284,000 barrels have been hedged (representing 8% of forecast oil production covering ....

United States , James Spinney , Callum Stewart Simon Mensley , Jonathan Wright , Harry Baker , Mark Antelme , Ashton Clanfield , Jimmy Lea , Manuel Pablo Zuniga Pflucker , Ritchie Balmer , National Instrument , Celicourt Communications , Stifel Nicolaus Europe Limited Joint Broker , Strand Hanson Limited Nominated Financial Adviser , Auctus Advisors , Intercontinental Exchange , Regulation Services Provider , Venture Exchange , Petrotal Corp , Petrotal Provides Risk Management Update , North Peruvian Pipeline , Peruvian Sol , Pablo Zuniga Pflucker , Chief Executive Officer , Vice President , Chief Financial ,