Lnc link,
too right that the oil production is hedged and there is negligible impact on income.This hedge was not PB brain wave it was put in place to protect the lenders against a price erosion in the oil price to ensure the company could make interest payments. This hedge obviously expires when the loan expires. You were too quick to get a beer as you forgot to get the main answer to the question ? How does the oil price affect negotiations for the sale of the oil and gas assets? Probably just as well you both had a beer instead !!!!
Lnc link, too right that the oil production is hedged and there...
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