woodside reults, page-7

I have not yet listened to the webcast, but the result is very pleasing. Some highlights

1. Gearing is 11%, down from 28%
2. Total debt has fallen by $800m

The bal sheet is very healthy, ready for the next growth phase, which based on the capex guidance, is Leviathan, which will consume 42% of capex this year.

If Pluto 2 does come to fruition, then the cash is there to fund it.

For some reason, they were paid $523m for PRRT. Interesting. Am I reading this correctly?

The depn expense was 88% higher than last year, due, I presume to Pluto.

Will add more comments after I have listened to the webcast.

HT1