As I understand it, they still get $90US/BOO, if the price rises...

As I understand it, they still get $90US/BOO, if the price rises above that, on the hedged quantum. They lose out only to the extent of the margin above that. It is no big deal. We should all concentrate on Schwing 2. If that is successful, it's worth $10mUS /annum in net cash flow, according to their exploration Partner. Holy cow, now that's a big deal. And, I should say, their exploration programme includes a few wildcats of that potential size this next 12 months. This is a very good business given the current market cap. I am sure few get it.