Ann: Business Update, page-28

I am pleased to report that I have been reliably informed that, as expected, there is NO RISK of any sort with the oil hedge counterparty. It is one of the biggest players in the market and there is no chance that they will not honour the oil hedging arrangements with BYE.
BYE's deliveries into the hedge positions are totally safe and secure and will continue as planned. There is absolutely nothing to worry about on that score. BYE management is completely comfortable with these arrangements while we await developments over the next four months for SM58.