Ummm ... Qtrly average Buc, that would be the relevant measure not max for the Qtr or even exit rate.
39,791 hedged at $92.61 for Jan - Dec 2015. Do you know if these are say 109 bopd hedges or 3,316 bo/mth for the year rolling hedges or can they be closed off anytime - which would be your half being sold at $92 (45 days at 884 bopd).
I guess we'll read about it by April 30 and May 15 unless the operational advisory tells more.
SSN Price at posting:
1.5¢ Sentiment: None Disclosure: Not Held