Ann: Quarterly Activities and Cashflow Report-SEA.AX, page-20

Finally got around to thinking about this.

Earnings after tax and interest are 9841 - 765 (tax) - 3428 (interest) = 5.648m

Estimated development outflow next quarter is 5m, so profit is really nothing as it all must be re-invested.

Looks like not every barrel is sold into the hedge as otherwise the realised price would be closer to 50, which answers a question I had earlier. Realised price this quarter should be higher, around 47 id imagine, including less of a boost from hedging.

Really need another $10 rise in oil price to make it all worthwhile again. Otherwise its simply debt v assets, and remaining just buoyant.

All my opinion and view of things only.