We all need to understand and quote the actual hedgesFrom the news release:
"Ithaca’s updated oil hedge position post Q1-2015 after taking account of the price impact of the value acceleration is summarised as follows: 9,000 bopd hedged at an average $76/bbl from April 2015 to June 2016, with the volumes and prices for the period July 2016 to June 2017 unchanged (4,000 bopd at an average price of $69/bbl)."