Stockholm, July 29 2013 (Aktietorget: COMQ)
Commodity Quest: Benchmark Oil & Gas has sold a portion of future production by Cargill
Benchmark Oil & Gas has entered into an agreement for the sale of 1,200 barrels per month through December 2013 from 101USD per barrel + LLS premium and 500 barrels per month through December 2014 for 94USD per barrel + LLS premium.
LLS premium has been between 5-20 USD per barrel in the last two years.
“The recent favorable trend for WTI quality has enabled an unusually high price for future production. We believe in larger production increase ahead that means that we will also have sales volumes, which are not secured as above.
We continue to plan future sales of this type contracts. “Says Pål Mörch, president of Commodity Quest AB (publ)