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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Hedging
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Re: Hedging - sharky

in response to
Re: Hedging
by
sharky
posted on Jan 25, 2010 09:45AM

Hi sharky;

Here are the latest hedges from the CLL website:

At January 6, 2010, Connacher had the following WTI crude oil price-hedging contracts in place:

  • Calendar year 2010 – 2,500 bbl/d – WTI US$78.00/bbl.
  • February 1, 2010 – April 30, 2010 – 2,500 bbl/d – WTI US$79.02/bbl;
  • May 1, 2010 – December 31, 2010 – 2,500 bbl/d – minimum of WTI US$75.00/bbl and a maximum of WTI US$95.00/bbl, which also expires at year-end 2010.

Best Wishes; Scott

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