Ann: Commodity Hedging Program, page-8

Yes good price on half their production. Shares IMO still look way under valued even with the many negative comments posted. The hedge is for half their share of production so if the price for POO holds for the year TAP cash flow would be about A$68,565,784.00 this is against the current m/c of A$28.9m and I think they must still have cash of about $4m after paying off debt. Just imagine if the current well comes in, I see very little to stop a rise to 20 cents. DYO.