RE: New PPT today from Tullow28 Apr 2020 21:52
Thansk for this PAD.
Now referring to Slide 15, the powerpoint says 30% is hedged for 2021.
From the most recent full year report and results - Tullow had hedged 22,000 barrels for 2021 at 31st december 19, and increased to 40% hedged between january and end of march.
This could only mean one of two things:
- Tullow have got this figure wrong in the presentation
- Production/Revenue guidance has been increased for 2021
You make what you want out of it!