Ann: Investor Roadshow Presentation, page-32

VH
I agree that acquisitions may not always add value , however to compare dollars spent to market cap at a time when the SP are at multi year low is not correct . If you compared BPT acquisition of ITC which gave them 40% of PEL91 amongst other things, and looked at revenue generated from this over the last 3-4 years it will easily eclipses the value of what was paid which was 80m from memory. Similar story with the Delphi assets. So my point is today's market cap is not a good proxy of whether acquisitions were good , revenue generated VS price paid is much better

Good to see oil held up despite market falls and in AUD terms was up ! The AUD Price on the hedged production is around 86 and 69 for the unhedged