OPERATIONS

Tap hedges July, September

TAP Oil has managed to hedge 64,500 barrels of its oil with 37,500bbl of swaps to go to BP Singapore at a fixed price of US$35.50/bbl for July and another 27,000bbl at a fixed price of $36.20/bbl for September.

Tap hedges July, September

  A month ago the offshore Thailand focussed junior worried at its position once its April hedging ended, with no more barrels contracted and cancelled its planned drill program as a result.  It...

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