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0.3¢ australian oil company limited.

The state of AOK, page-7

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kpkg

4,149 Posts.

15/01/15

12:35

Post #: 14588045
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Originally posted by Dis ↑

"That hedging activity is designed to provide increased certainty on pricing of the sales of approximately 80% (and must be between 70% to 90%) of the Company’s expected production from currently producing wells as they naturally decline over that period."

Kpkg,

re: "hedging current production"

You and I seem to disagree on what this means. My take is that 80% of the expected production of each of their current wells is hedged for 2 years. So that means 1000 BOE may be hedged in Jan, 900 in Feb, 820 in March, 750 in April, etc.

You seem to imply that they are hedging a constant number of barrels for 2 years. Ie if they where producing 1400 BOE, they are hedging 1120 BOE for 2 years. If that's what they told you, it seems contrary to what is written in the announcements.

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Dis with all due respect you should perhaps be making your own enquiries as I suggested previously.

AOK Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.3¢		Change -0.001(14.3%)		Mkt cap ! $2.833M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$60	20K

Buyers (Bids)

No.	Vol.	Price($)
15	19213132	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	5384147	6

View Market Depth

No.	Vol.	Price($)
12	15241799	0.003
8	6084666	0.002
4	51800500	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	5384147	6
0.005	5050245	5
0.006	7077961	7
0.007	4301142	3
0.008	5000000	1

Last trade - 15.22pm 27/09/2024 (20 minute delay)

AOK (ASX) Chart