BYE 1.64% 6.0¢ byron energy limited

I see 91.6k barrels oil was hedged for 9 months last year. They...

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    I see 91.6k barrels oil was hedged for 9 months last year. They had no hedges in place from 31/3 through the 30/06

    from Byron’s latest update it appears as though they will need to hedge 376k barrels over the next 24 months. For next 6 months looks like 123k oil or 675bopd will need to be hedged, over 12 months this will equate to 209k barrels oil or roughly 230% of last years hedging.

    In short they are hedging significantly more oil compared to last year for a significantly longer period …..
 
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