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Operations with Strong Cash Generative

Assets

(1) Operating cash flow before working capital changes.

Revenues

($m)

139

183

262

271

156

2011 2012 2013 2014 2015

Operating

Cash Flow

per

boe ($)

(1)

73

80

77

63

25

2011 2012 2013 2014 2015

105

107

106

96

50

2011 2012 2013 2014 2015

Average

Realised

Price per

boe ($)

95

131

190

182

79

2011 2012 2013 2014 2015

Operating

Cash Flow

($m)

(1)

69% 72% 72% 67% 51%

OCF

margin

High Margin Production

Strong Cash Flow Generation

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