All true , but without any hedging they have taken on a big risk with currency and commodity price.
I am surprised their lenders did not insist on some sort of hedging to mitigate risk.
Current production Guidedance is 57 to 64 mmboe , which is not al that much more than what the are currently producing.
The price they are receiving is also probably going to be a lot lower.
Hope for your sake the Price of Oil starts moving north.
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