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.
- Forums
- ASX - By Stock
- The state of AOK
Yep what Dis said hedge is out to 2016 for approx. 1460 barrels...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AOK (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $2.833M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $60 | 20K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 19213132 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 5384147 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 15241799 | 0.003 |
8 | 6084666 | 0.002 |
4 | 51800500 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 5384147 | 6 |
0.005 | 5050245 | 5 |
0.006 | 7077961 | 7 |
0.007 | 4301142 | 3 |
0.008 | 5000000 | 1 |
Last trade - 15.22pm 27/09/2024 (20 minute delay) ? |
Featured News
AOK (ASX) Chart |