• Petroperu has started selling 1.8 mmbbl of oil delivered by PetroTal in 2019 and 2020. These volumes are part of the contingent YE20 derivative liabilities. They carry an average initial price of only US$44/bbl but could be sold at >US$60/bbl, assuming the Brent forward curve from April 2021. On these assumptions, the incremental overall value of these volumes is US$36 mm.
• An initial sale of 0.36 mm bbl by Petroperu will take place in April with a realized price at a discount of only US$2.0 ....
01 Apr 2021
PetroTal Corp (AIM: PTAL): Positive developments on all fronts
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PetroTal Corp (AIM: PTAL): Positive developments on all fronts
• Petroperu has started selling 1.8 mmbbl of oil delivered by PetroTal in 2019 and 2020. These volumes are part of the contingent YE20 derivative liabilities. They carry an average initial price of only US$44/bbl but could be sold at >US$60/bbl, assuming the Brent forward curve from April 2021. On these assumptions, the incremental overall value of these volumes is US$36 mm.
• An initial sale of 0.36 mm bbl by Petroperu will take place in April with a realized price at a discount of only US$2.0 ....