Ann: FY24 Third Quarter Activities Report, page-9

Really there are only a few options, 28% down in sales rev isn't great news, but what are the other options besides BPT for oil plays?

You could get a small cap like BAS, which is riskier and very borderline on profits and losses, then their is HZO, very profitable, but they are JVing with CNOOC in Chinese waters (which you may or may not be okay with), then there is KAR with their operations offshore Brazil, and then you have WDS and STO which are multiples of BPT's mc. So we really don't have that many good options on the ASX, when it comes to o&g plays that can turn a profit.

There are better places to put money out there in other sectors imo, but the risk here is you miss a spike in O&G prices and this is one of the more stable sectors, which is what I am trying to weigh up.