Agoracom: Small Cap Investment - Ivanhoe Energy - Re: BP, Shell profits soar on sky-high oil prices

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BP, Shell profits soar on sky-high oil prices

mysticmike

Apr 29, 2008 05:07AM

Re: BP, Shell profits soar on sky-high oil prices

michaeld

Apr 29, 2008 05:16AM

woogordon

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Re: BP, Shell profits soar on sky-high oil prices

in response to

Re: BP, Shell profits soar on sky-high oil prices

michaeld

posted on Apr 29, 2008 07:47AM

this is from the most recent cc 3/17,and effects earnings i believe fyi imho

gord lancaster says:

In addition, total revenues decreased as a result of a $10.6 million mark-to-market loss on derivative instruments that were required to be put in place by the company's bank loan agreements. Of this amount though, 1.6 was realized. And these are essentially three cost collars that were put in place on our production.

and referring to the same i believe from the cc 3/17:

OMAR DANIAL: Yes. One last question concerning hedging. When do the hedges expire on the actual production today?

GORDON LANCASTER:

It's Gordon Lancaster. The one in China expires in about two and a half years. It's a three year revolver, and the one on the U.S. production expires in April of '09.