Petrobras has delayed the financial report twice as it tries to deal with corruption and money-laundering charges involving construction contracts worth a reported $22 billion. Some 30 people are being investigated.
The company has said it will disclose its third-quarter financial statements during the month of January, but the statements would not be examined by the external auditor.
In another statement released Tuesday, the company said that the break-even price the company planned on when it approved the pre-salt production projects was “around $45 per barrel,” which includes taxes but not natural gas transportation infrastructure. Adding spending on for natural gas transportation raises the cost by $5 to $7 per barrel.
The company also said its break-even price assumes well flows of 15,000 to 25,000 barrels per day with the current average for pre-salt wells at 20,000 barrels per day.
Since posting a high of over $72 a share in May 2008, shares have fallen nearly 92% to close on Tuesday at $6.02 after posting a 52-week low of $5.79 earlier in the day. The 52-week high on the shares is $20.94. Average daily volume is more than 48 million shares traded.
The stock traded up more than 2% Wednesday morning at $6.15 on the news of the agreement.
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