Hedging 2020-04-01T13:24:58+00:00

HEDGING

Commodity price hedges are used to support longer-term growth by protecting pricing on up to 50% of current production for the next 12 months and up to 25% for 13 to 24 months forward (future production growth is not hedged).  The current hedge position is shown below (excludes price differential contracts which are shown in the financial statements) and protects approximately 36% of forecast production for 2020.

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