Ann: Rising oil prices - Hedging Update, page-3

Its a good announcement IMO.



Hedging their oil price so that they reduce price volatility is a wise move IMO. They also still maintain plenty of scope to take advantage of a rising oil price.

I like the update on the drilling of the 3 new wells.

Previous Announcement Versus Current Announcement

Previous

Current




I also like that we are seeing a strong flow in news and announcements.

I think this news flow will continue towards the end of this year and into the new year, which will provide a good catalyst for a rising share price.