I've just spoken with the company regarding the hedge. The way it was explained to me is that the hedge can be regarded as a gross hedge on gross production, as the Company has stated, or as a net hedge on net production. Byron has stated they have put in a 475 barrels of oil hedge on approximately a gross production of 1600 barrels of oil. It is equally accurate to express the hedge in terms of net barrels of oil on net production. The % hedge is the same therefore, if Byron average NRI is, for example 80%, then the hedge requirement is 380 net barrels against a net production of 1,280 barrels of oil.
I guess the Company thought it was simpler to express it in gross terms. This seems to me to be a better deal than having 475 barrels hedged against the net production of 1280 barrels of oil.
- Forums
- ASX - By Stock
- Ann: Financial Report for the Year Ended 30 June 2023
I've just spoken with the company regarding the hedge. The way...
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BYE (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.9¢ |
Change
-0.001(1.67%) |
Mkt cap ! $63.64M |
Open | High | Low | Value | Volume |
5.8¢ | 6.0¢ | 5.8¢ | $2.047K | 34.94K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 97687 | 5.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 331777 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 97687 | 0.059 |
3 | 411580 | 0.058 |
4 | 635714 | 0.056 |
2 | 1200000 | 0.055 |
3 | 1838999 | 0.054 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 331777 | 2 |
0.066 | 78500 | 1 |
0.067 | 40000 | 1 |
0.070 | 25555 | 2 |
0.073 | 14000 | 1 |
Last trade - 15.56pm 06/05/2024 (20 minute delay) ? |
|
|||||
Last
5.8¢ |
  |
Change
-0.001 ( 1.69 %) |
|||
Open | High | Low | Volume | ||
5.8¢ | 5.8¢ | 5.8¢ | 10526 | ||
Last updated 12.21pm 06/05/2024 ? |
Featured News
BYE (ASX) Chart |
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, CEO
Steven Gourlay
CEO
Previous Video
Next Video
SPONSORED BY The Market Online