Yep what Dis said hedge is out to 2016 for approx. 1460 barrels per day. Make your own opinion re hedging price but from ann 23/10 ann states....
Hedging in place at average price of $86.89 per barrel of oil for 80% of current production through 2016.
I have confirmed this with the company since and asked for a little more clarity in future ann.
The current oil collapse is mostly irrelevant to Aok and the 20% production that is unhedged is possibly being offset by significant reductions in costs, as the service industries struggle within the sector.
As I estimate the current hedge against future production is worth approx. $30million to the company and basically allows it to sail straight through all the current turmoil and most likely take advantage of cheap acres as they hit the market.
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