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 AnnouncementPreviousCurrentI 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.