Very impressive cost control. This is one of the most essential thing management has to do - Bring down the cost and hence grows the profit. With breakeven cost of US$15 free cashflow, we are all going to be laughing all the way for the years to come. Of course unless no body use oil or gas next few years........it will be very interesting phenomenon if that is the case.
Now the impairment charges come in, we can now move on and concentrate what the future will bring. No reservation is required.
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Ann: Non-cash impairment of Cooper Basin oil assets, page-4
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