I don't think they will hedge anything. 99% of the time companies that do that do it to get capital to fund infrastructure, which ARV don't need. I think they will sell at spot. If they had capacity to cover a off take and sell open market then possible yeah but they don't have that. If they do a off take it will need to be for product supply tie up but I wouldn't support hedging.
Production Q2 2018, page-5
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