Source Pravda.Ru

Callon’s Great Natural Gas Hedges

Callon Petroleum Co. has hedged an additional 2.5 billion cubic feet of its natural gas production during the six-month period from November 2002 through April 2003. The hedges were implemented through a combination of derivative transactions, in the form of no-cost collars, and commitments for physical deliveries at applicable index prices, with floors and ceilings specified for the monthly index prices.

The new hedges cover 500 million cubic feet per month for November 2002 through February 2003, providing for a floor price of $3.75 per thousand cubic feet and an average ceiling price of $5.00 per thousand cubic feet. In addition, hedges covering 250 million cubic feet per month for March and April 2003 provide for a floor price of $3.75 per thousand cubic feet and a ceiling price of $4.60 per thousand cubic feet.

Previous hedging transactions by the company cover 2 billion cubic feet of its natural gas production for the eight-month period March through October 2003. These hedges, in the form of no-cost collars, apply to 250 million cubic feet per month and provide for a floor price of $3.50 per thousand cubic feet and an average ceiling price of $4.76 per thousand cubic feet. ©

&to=http://www.callon.com' target=_blank>Callon Petroleum

On December 10, 1948 the Universal Declaration of Human Rights was adopted by the United Nations General Assembly, its thirty articles enshrining basic and fundamental rights guaranteeing dignity of the human person and equality for all, regardless of race, color, creed or gender. A pipe dream?

Human Rights Day: Let us hang our heads in shame
Comments
Russian general says allegations of his involvement in MH17 crash are stupid
Pentagon can not accept Russia's victory over terrorists in Syria
Human Rights Day: Let us hang our heads in shame
USA looking for reason to see nuclear weapons in action
USA looking for reason to see nuclear weapons in action
Israel refuses to recognise Crimea part of Ukraine
Russian general says allegations of his involvement in MH17 crash are stupid
USA looking for reason to see nuclear weapons in action
USA looking for reason to see nuclear weapons in action
USA looking for reason to see nuclear weapons in action
USA looking for reason to see nuclear weapons in action
USA looking for reason to see nuclear weapons in action
USA looking for reason to see nuclear weapons in action
USA looking for reason to see nuclear weapons in action
Turkish President Erdogan issues ultimatum to Washington and Brussels
Russian general says allegations of his involvement in MH17 crash are stupid
Putin makes first comment on Trump's Jerusalem decision
Turkish President Erdogan issues ultimatum to Washington and Brussels
Putin makes first comment on Trump's Jerusalem decision
Putin makes first comment on Trump's Jerusalem decision
Elon Musk sells old ideas to NASA under the guise of unprecedented innovations