Source - SMW
Jadestone Energy has entered into a commodity hedge with BP Singapore Pte to hedge a total of 350,000 barrels of crude oil production over the period from 2 Jan to the end of June (1,944 barrels per day), using Brent ICE crude as the commodity reference price, and at a fixed price of US$64.60.

This hedged volume represents approximately 60% of the mid-point of Jadestone's target Stag production for H2 2017 of 3,000 to 3,500 bpd and approximately 43% of the mid-point of Jadestone's target total production for H2 2017 of 4,300 to 4,800 boepd.