I see that Tui production was 1mstb, although sales were only...

I see that Tui production was 1mstb, although sales were only 0.5mstb. I expect to see another spike in revenue and income in the Dec qtr. Given the price of TAPIS crude at the moment, I'd expect rev at around $200m next qtr with EBIT of around $120m. Now that wouldn't be bad...

There was also a hint in the Sept Qtr report that with AWE generating heaps of free-cash at the moment, capital management options may be on the cards.
Market may be at the top-end for outright acquisitions...

Another interesting note was the valuation of inventory in the balance sheet. If one rightly assumes that the inventory relates to the 0.5mstb remaining ‘unsold’, then cost is right there for the calculating...not sure what the final net-back is, given NZ petroleum taxes et al, but gross margin at the moment would be around the 80% mark...