sea 2018, page-92

It was a mix of both realised & unrealised oil & FX hedges.

The FX should drop out as the raising & land acquisition took place last FY (Pg19 of the Half Year "There were no foreign currency derivative contracts outstanding at 30 June2018.")

2019 hedging: forecast 21,000-22,000 boe/d = 7.66m - 8.03m boe
Currently hedged for 2019 = 2.07m bbl between $59.77 & $66.18 +1,932,000 Mmbtu of gas (about 351k bbl) so say 2.5m boe hedged

so my guess is about 32% hedged for 2019 in the low $60 range. Not great given the current WTI of US$74.84 but it depends on the timing of the various swaps.

Relevant extracts from the half year report below.

(Loss) gain on commodity derivative financial instruments. ($23.2m)
The Company recognized a net loss on derivative financialinstruments during the six months ended 30 June 2018 consisting of $19.3 million of unrealised losses on commodity derivativecontracts and $3.9 million of realised losses on commodity derivative contracts. The unrealised loss represents the change inthe fair value of the Company’s net derivative position primarily due to the increase in commodity prices since 31 December 2017.

Gain on foreign currency derivative financial instruments. $6.8m
The Company realised a gain of $6.8 million during the six monthsended 30 June 2018 related to derivative contracts put into place to protect the capital commitments made by investors as part of theCompany’s equity raise from changes in the AUD to USD exchange rate during the period from launch of equity raise to receipt offunds.

Pg19 
The Company’s derivative instruments consist of commodity contracts (primarily swaps and collars)

Pg 7

Following is a summary of the Company’s open oil and natural gas derivative contracts at 30 June 2018:

Oil Contracts (Weighted Average)(1) Natural Gas Contracts (Weighted Average)(1)

Contract Year Units (Bbl) Floor (2) Ceiling (2) Units (Mmbtu) Floor (2) Ceiling (2)
Remaining 2018 840,000 $ 64.35 $ 68.94 1,266,000 $ 2.84 $ 3.08
2019 1,217,000 $ 59.77 $ 66.18 1,932,000 $ 2.75 $ 3.18
2020 726,000 $ 52.15 $ 56.92 1,536,000 $ 2.65 $ 2.70
2021 612,000 $ 48.49 $ 59.23 1,200,000 $ 2.66 $ 2.66
2022 528,000 $ 45.68 $ 60.83 1,080,000 $ 2.69 $ 2.69
2023 160,000 $ 40.00 $ 63.10 240,000 $ 2.64 $ 2.64
Total 4,083,000 $ 55.07 $ 63.25 7,254,000 $ 2.71 $ 2.88

(1) The Company’s outstanding derivative positions include swaps totaling 1,721,000 Bbls and 5,550,000 Mcf, which areincluded in both the weighted average floor and ceiling value.
(2) Oil contracts are indexed to West Texas Intermediate (“WTI”), Light Louisiana Sweet (“LLS”) or Brent. Natural gascontracts are indexed to Henry Hub or Houston Ship Channel.

Subsequent to 30 June 2018, the Company contracted an additional 180,000 Bbls, 860,000 Bbls and 540,000 Bbls for 2018, 2019 and2020, respectively. The contracted prices range from $55.00 to $68.23 per Bbl. In addition, the Company entered into propanederivative contracts covering 68,000 Bbls, 312,000 Bbls and 271,000 Bbls for 2018, 2019 and 2020, respectively. The contractedprices range from $0.70 to $0.89 per Bbl.