costs a bit higher than I expected at $28.90/barrel, but 250% margin before taxes etc. is pretty impressive.
The pretty substantial FY16 hedges will still give them a 100% margin on those barrels and was the prudent thing to do for the future.
Fan of the report - hoping the market runs with it.
costs a bit higher than I expected at $28.90/barrel, but 250%...
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