Davey FI hadn;t really looked at the Tapis Rate lately but...

Davey F

I hadn;t really looked at the Tapis Rate lately but having a look this arvo, for the first time in quite a while it is lagging the WTI and with a stronger AUD that is not the best scenario for us.

As a result we are only getting $80 per barrel at present which is alot lower than the $90 a month or so ago.

I wonder why the Tapis rate is now lagging. Does anyone know.

The quearterly will be interesting as we have had higher oil flows for the quarter and much more stable price. Revenue should be up and going higher.

Would love to see the WTI price at $100.