[QUOTE=Bilo;220409]
You should be able to see that Tui could be at least twice as large as currently booked. Future decline? We haven't seen much of it yet.:D
Quite right Bilo-tui is growing !
Tui Oil Production since 1 July 2008:
1 July-27 August: Approx 2.1 million barrels. NZOG's share of production approx 260,000 barrels
Or nzo gross income from tui in first 8 weeks of this financial year=$38.8 million dollars.
We are going to hear great financials tomorrow.
No doubt nzo will remain giving conservative predictions but really is tui only going to produce another 6.9 million barrels over the next 44 weeks (9 million predicted ) or do they need to upgrade yet again production rates
Average nz dollar price at $185 a barrel is also way up on last year .
Dont forget this year we will have interest credit (on 300m ) rather than interest costs .
Its on the cards that this years net income will be as good as last years -additionally might be another windfall if prc is sold .
Its strange the market appears blind to tui ,s production figures but reacts strongly to changes in POO