Ann: Quarterly Activities Report , page-10

Hi ktrianta,
I was also disappointed with the report.

Oil Revenue for March quarter A$21.4 million(net to Carnarvon)
o High margin oil production with significant cash flows
Cash in bank A$77.4 million
o Tax provision of approx A$40 million due at end May 2009
o Nil debt and strong cashflow building a significant cash position
o Development, appraisal and exploration drilling fully funded
o Strong position established to capitalise on growth opportunities
Carnarvon Petroleum added to the S&P/ASX 200 index


It's sad isn't it??????