Originally Posted by
Sehnsucht888
I get 30 odd million if the price reaches: 256US.
187,600*(256-92)
- Being "lost" income due to the hedge... But if we are selling another million barrels at 250 odd, getting $250million in income, thats a big chunk, but a small price to pay in the long run to actually become a producer.
I would expect some of the hedging would have been taken up earlier on when the price wasn't expect to go so high...
187,600 barrels is a small percent of the total they will produce. 13% of this years only, and descreasing as we go forward.