Commodity Hedging

The Company’s commodity hedging arrangements at 30 June 2010 are:

Period

Commodity

Total Quantity HedgedSwap Price (US$)
6 months to 31 December 10

Oil

35,400 BO66.85
6 months to 31 December 10

Oil

35,400 BO66.50
12 months to 31 December 11

Oil

96,300 BO70.00
6 months to 31 December 10

Gas

134,400 mmbtu6.00
12 months to 31 December 11

Gas

139,500 mmbtu6.80
   Collar – Cap (US$)
6 months to 31 December 10

Oil

18,176 BO65.00 – 83.50
12 months to 31 December 11

Oil

62,640 BO65.00 – 90.50
12 months to 31 December 12

Oil

142,176 BO65.00 – 96.20
6 months to 30 June 13

Oil

64,902 BO65.00 – 100.10
6 months to 31 December 10

Gas

94,524 mmbtu4.00 – 5.35
12 months to 31 December 11

Gas

97,116 mmbtu4.00 – 7.55
12 months to 31 December 12

Gas

165,756 mmbtu4.00 – 8.95
6 months to 30 June 13

Gas

67,866 mmbtu4.00 –9.90