Oil price hedging 2012-2015

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Noreco uses put options to protect cash flow against downside risk in oil price

Period

70 $/bbl

75 $/bbl

Q3 2012

 

0.23 mill bbl

Q4 2012

 

0.10 mill bbl

Q1 2013

 

0.15 mill bbl

Q2 2013

 

0.12 mill bbl

Q3 2013

0.17 mill bbl

 

Q4 2013

0.17 mill bbl

 

Q1 2014

0.12 mill bbl

 

Q2 2014

0.12 mill bbl

 

Q3 2014

0.12 mill bbl

 

Q4 2014

0.12 mill bbl

 

Q1 2015

0.135 mill bbl 

 

Last updated 19 March 2013

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