good profit result, page-2

Ktrianta,

Only had a quick look b4 close so far. Tax/SRB was much better than I feared, even a little better than I hoped.

Otherwise at first glance no obvious suprises. My back of envelope est.s for half yearly revenue to likely only go up from here, costs likely to hold, looks like we have a very attractively priced sweet spot in the oil patch from which to grow. Wished I'd picked up a few more this week, but was being cautious with the oil/overall market in case the tax was a nasty suprise.

Would now be happy to add a few more if we got a pullback to 26 again.

One of those rare protected (by low cost + progressive tax) money machines in this market. Being onshore with multiple pretty independent wells means no worry of turret mooring failures etc shutting the whole field down either.

Still a great story,
EL