key items cash ( if one includes investment activities ( belai cluster project of 16 usd million now 42 million usd and this is before the cash has been recieved for most divestments. as Roc suggests money spent on Belai cluster development due to the guarantee of reimbursement bu Petronas is defined as investing activities
Production jump suggests 2012 production will stay above 7000
lower taxes in china means $6 per barrel pre tax savings for chinese oil production.
progress on beibu field suggests more of the capex has bene spent last quarter which is great
21 million ud already spent on decommisoning BMG - should only have about 9 million to go
no more hedging form this quarter going forward, plus high oil prices plus good production rates equals a very strong year ahead
ROC Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
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