Hedging proves a winner for Beach

BEACH Petroleum says it is largely protected from declining oil prices for the rest of the financial year, with more than half of its forecast second half production hedged at a minimum of $US60 ($A87.70) a barrel.

Hedging proves a winner for Beach Hedging proves a winner for Beach Hedging proves a winner for Beach Hedging proves a winner for Beach Hedging proves a winner for Beach

At least 57% of its estimated 1.5 million barrels of oil sales from January 1 to June 30, 2009, is underpinned at that minimum price while another 10% is underpinned at a minimum of $US80/bbl.

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