Ann: Senex executes H1 FY17 hedging program, page-3

Very astute move by management (& sharp taking advantage of the uplift window) – SXY are now buffered until EoY "provides downside risk protection and allows the Company to cover its operating and corporate cash costs as well as lock in a margin on its oil sales" Hang in there holders, I'm with Esh - in time 50c is materialise, this move now offers the headroom required to float through to the end of 2016 , with any upward lift in POO seeing SXY still able to benefit.