Hedging 2019-11-14T13:20:00+00:00

HEDGING

Commodity price hedges are used to support longer-term growth with the objective being to protect pricing on 50% of current sales in any single market for the next 12 months and 25% for 13 to 24 months forward.  Future production growth is not hedged.  The current hedge position (excluding price differential contracts which are shown in the financial statements) protects approximately 41% of forecast production for the fourth quarter of 2019 and 14% of forecast production for 2020.

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