GREY:WFREF - Post by User
Post by
Atomicboy1on May 11, 2015 9:10pm
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Post# 23717367
For April to December 2015, approx 70% of oil hedged
For April to December 2015, approx 70% of oil hedgedAs noted below, LRE has locked in 70% of there oil production. Has anyone done the math to figure out what the earnings per share will be for the rest of the year? As part of our ongoing risk management program, the Company continues to add financial hedges in order to further mitigate commodity price risk. For April to December 2015, approximately 70% of our oil production is hedged (50% hedged with an average WTI floor price of US$85.21/Bbl; 20% hedged at an average WTI price of C$73.17/Bbl). For April to December 2015, approximately 65% of our natural gas production is hedged with an average AECO floor price of $3.30/GJ. For 2016, we have hedged approximately 10% of our oil production with an average WTI price of C$77.53/Bbl and approximately 40% of our natural gas production with an average AECO price of $3.01/GJ. Read more at https://www.stockhouse.com/news/press-releases/2015/05/06/long-run-exploration-ltd-announces-2015-first-quarter-results#D43VjcEgHjAXxz9U.99