MARKETS

ADX hedges 80% of Vienna Basin output with BP

ADX Energy has executed a hedging strategy with BP locking in a cap covering its output from the Gaiselberg and Zistersdorf fields in the Vienna Basin.

File photo: Australian cash

File photo: Australian cash

Pieces will be capped at US$82.60 per barrel of oil and minimum cost of US$73.00bbl from the fields until April 2022. ADX is active in the Vienna upper basin region in Austria.  The new zero collar...

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