The company generated A$27.4 million (US$20.5 million) for the 12 months to 30 June, falling 30% from the A$39.1 million generated during previous financial year.
The drop in revenue was reflected by a 29% drop in the average oil price, year-on-year, from A$85.48 per barrel to A$60.80 per barrel.
Adding to the effect of lower prices on revenue was a drop in production from 474,800 barrels to 464,800 barrels.
Despite
