Just looking to refine my calcs further
This gives 55% hedged at $51.20 and 45% at $65 =$57/bbl vs $42/bbl in Dec qtr
- 238,690 bbls hedged for 12 months at $51.20
- Production was 111m bbls NRI in 3 months (and expected to increase with GC21) ~ 440m bbls
So inc hedging and NRI would expect an additional 111m bbls x $15 (47 -42) = $1.7M revenue
Add that to the $7.8M generated = $9.5M (based on existing production)....
Ann: Quarterly Activities and Cashflow Report, page-225
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