I thought CFO said Royalties were included in All in Cost of $31. He talks about how Royalties previously were $10-$11/bbl, but now with POO dropping, its about $5-$6/bbl. I will listen to interview again later.
re hedging, ID gave opinion that bigger s/h of SXY were of view that they did not want hedging, because they were in SXY to get exposure to movements of oil pricing in a producer (or something like that). make of that what you will.
yep, I thought $20m cash on one side of ledger, but not in Capex figures is strange. $20m CSG P&A was definitely not in their Capex figures.
SXY Price at posting:
27.0¢ Sentiment: None Disclosure: Held