The company's profit was boosted by a $258.4 million net gain relating to the sale of licence interests to AGL.
Excluding significant items, net profit came in at $207.5 million, up 4% on the 2005 result, and a record for the company.
The result was achieved despite lower production due mainly to a number of operating disruptions in PNG. 2006 oil and gas production was 10.2
