AOK
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0.00% 0.3¢ australian oil company limited.

Kpkg, Your numbers are off. You are using WTI oil prices to...

  1. Dis
    3,741 Posts.
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    29/12/14
    09:09
    Post #: 14513125
    Kpkg,

    Your numbers are off.

    You are using WTI oil prices to calculate revenue from BOE.  Austex produces about 60% oil / 40% gas so revenue is lower due to the gas.

    - "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"
    My interpretation is that they have taken the current wells, plotted a decline curve and hedged 80% of the predicted production.  It does not mean then have hedged 80% of total production because some of future production will be from (unhedged) new wells.
    AOK Price at posting: 11.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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