PetroTal Corp. (AIM:PTAL) | RNS | PetroTal Corp. - Risk Management Update
- 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 hed...