RE:RE:RE:RE:RE:RE:Condensate was $82.28 todayI don't exactly know how impairments work either. I think that with some financial instruments you have bought an asset(like a put or call option) that goes up or down in value. Hedged commodity prices are just a contract at a fixed price so if the commodity goes up all that is lost is the opportunity for a higher realised price. However that opportunity cost must be written off as a loss, but you don't actually pay any money. I may be way out in left field here so if there are any accountants out there to straighten this out it would be appreciated.