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16.5¢ sundance energy australia limited

Thanks aussie, you answered the question .Much appreciated.

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Mirabiledictu1

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31/03/20

09:01

Post #: 43788226
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Originally posted by cmonaussie: ↑

Yes, no and may
The cash settled derivative hedges are just just that - "cash settled" - and just using Swap settlement for simplicity

1,850,000 Bbls x $56.50/ Bbl = $104,525,000 of cash flow

If you took an "extreme case" and said zero production (and you buy the equivalent production on market"

1,850,000 Bbls x $26.50/Bbl (taking a random easy to calc price) says

swapping of the "cash flows" = ($56.50 - $26.50) x 1,850,000 = $55,500,000 as cash to SNDE

Now of course SNDE also has MVC contracts with midstream companies to fulfill (and they also have problems as storage fills up). I don't have any visibility there.

Was that the question you were asking?

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Thanks aussie, you answered the question .
Much appreciated.

SEA Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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