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Sunday, 20 July, 2008, 22:20 GMT | more prices >>

Incremental makes mark



By Upstream staff 

Australian producer Incremental Petroleum said it had produced 500,000 barrels of oil in its first full year of production, earning revenue of A$40.7 million (US$30.9 million).

The company reported net earnings of A$12 million or A$0.18 per share.

Incremental said it had invested $A$11.9 million in its Selmo oilfield in Turkey, where it operates 22 producing wells.


Tuesday, 27 February, 2007, 23:59 GMT  | last updated: Tuesday, 27 February, 2007, 23:59 GMT

Aspiring: Australian startup Incremental Petroleum operates Turkey's Selmo field
 

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