OEL
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4.17% 1.3¢ otto energy limited

hedging of galoc oil

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    168 Posts.
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    29/12/08
    02:26
    Post #: 4640354
    According to the Euroz Securities Report from 29 October 2007.

    "Through the Galoc purchase OEL has inherited put options totalling ~600 kbbls @ US$60/bbl."

    Can anyone help me there, is the hedging for the 600k of oil for all the oil produced from Galoc or is the 600k OEL's share of the total hedging from Galoc Produktion? Are there any other referencing in other announcements to this hedging?

    Thanks in advance
    OEL Price at posting: 13.2¢ Sentiment: Hold Disclosure: Held
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