ELK elk petroleum limited
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News: ELK Elk Petroleum Says Co Optimises Hedging To Increase CY19 Oil Price Exposure

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    19/07/18
    12:35
    Post #: 34447620

    July 19 (Reuters) - Elk Petroleum Ltd (ELK) :

    • OPTIMISED ANETH OIL PRICE HEDGING TO GET EXPOSURE TO HIGHER CRUDE OIL PRICES IN 2019 ON 4,000 BBL/DAY OF PRODUCTION FROM ANETH OIL FIELD
    • IN RECENT TRANSACTION SOLD FORWARD PUTS AND CALLS TO FINANCE PURCHASE OF A $53.80 - $60.00 CALL SPREAD IN 2019 ON 4,000 BBL/DAY
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