35,000 barrels per month hedged around $35
10,000 barrels per month hedged at $50
hedge reduces by 16,000 barrels per month starting July
anything above 45,000 per month they're making a handsome profit on
cost per barrel around $31
targetting at least 750,000 barrels this year and 1,000,000 next year - indications are they'll exceed this years target.
I've crunched the numbers and it looks like undervalued to me
stuart up 8c, page-2
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