OTCPK:VGIPF - Post by User
Post by
paljoeyon Dec 27, 2012 12:14pm
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Post# 20774452
Time to lock in remaining hedge
Time to lock in remaining hedge Oil is over $90.
Already 3000 bpd locked in at $93.20 per barrel.
Locking in another 3000 bpd at $90 per barrel will add another $11+ per barrel to cash flows or about another $30 million which can be used to boost production or pay down debt.
Perhaps they have already done so.
Full production update in January.