The recent Swap hedging of 300k+ barrels at A$96 a barrel for this financial year is looking like a masterstroke right now.
The old US$55 Puts could also be in the money pretty soon and provide a solid floor for this financial year as they were for 500k+ barrels.
With the Swaps and the Puts that pretty much hedges all the remaining production this financial year.
Ann: Gemba-1 Gas exploration well, page-25
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