Hedge DisclosuresMy guy in Canada says the Hedge Book disclosure in Canada under IFRS is not sufficient.
Prime has the hedges. Africa Oil owns 50% of Prime and is the reporting entity.
So what we are looking for is specific disclosure on who the counter party is, and the specific volumes and prices of the product in the "hedge book." And Africa Oil does not provide it!
They say the cargoes are hedged! Well then which cargoes in which time frames of delivery and what prices are each "cargoe" hedged at. This is material financial information to the public market.
And now there is possibly some inconsistencies from June Q to September Q in the filed financial statments for Africa Oil about the price and volume summary information for 2022 hedges.