Yep what Dis said hedge is out to 2016 for approx. 1460 barrels...

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.