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BRIEF-Tap Oil Ltd Enters Commodity Swap With BP Singapore

Published 05/07/2019, 07:29 pm
Updated 05/07/2019, 07:30 pm
© Reuters.  BRIEF-Tap Oil Ltd Enters Commodity Swap With BP Singapore
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July 5 (Reuters) - Tap Oil Ltd TAP.AX :

* ENTERED COMMODITY SWAP WITH BP (LON:BP) SINGAPORE COVERING 30,000 BARRELS OF MANORA CRUDE AT US$61.00/BBL

* IN TOTAL COMBINED, 58,125 BARRELS OF MANORA CRUDE JULY CARGO HEDGED REPRESENTING 72% OF COVER

* COVER WILL PROVIDE PRICE CERTAINTY AGAINST ANY DOWNTURN IN PRICES THAT MAY OCCUR DURING JULY 2019

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