Although 23/10 ann states.... Hedging in place at average price...

Although 23/10 ann states....​

Hedging in place at average price of $86.89 per barrel of oil for 80% of current production through 2016.
Consistent with market practice, the term loan requires the Company to hedge between 70% and 90% of its expected future production from wells currently online for at least 2 years. Through a combination of existing hedges and newly added protection, AusTex is now approximately 80% hedged through the end of 2016. The protection through the end of 2016 on oil consists of 46.8% swaps at a weighted average price of $94.71 and 53.2% puts with a strike price of US$ $80.00.