The company generated US$20.8 million over the three months to 30 September, down 28.3% on the more than US$29 million generated in the June quarter.

The drop in revenue came as quarterly output slipped 3.6%, to 354,063 barrels of oil equivalent, with a rise in production from the Maari and Manaia fields off New Zealand being offset by a drop in output from Block 22/12 in the Beibu Gulf, off China.

During