AWE reported net profits of A$264 million, or 58.8 cents per share, up from A$35 million, 7.9 cents previously.
Sales revenues rose to A$821 million (US$717.3 million) from A$144.2 million previously over the same period as production jumped to 9.8 million barrels of oil equivalent from 3.9 million boe last year. The figure was boosted by higher than expected output from the Tui field on New Zealand’s offshore Taranaki basin, which produced a gross 14.2
