The last year saw the Company implementing its growth strategy by broadening the Company’s investment horizons from Australia and New Zealand into South East Asia by way of two new ventures.
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The focus for the past year has remained on maximising return from our existing assets, mainly Tui, and growing the business through exposure to new ventures and high potential exploration wells.
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The Tui Area Oil Project which constitutes three fields, Tui, Amokura and Pateke, started production on 30 July 2007 and by 30 June 2010 had produced 28.2 million barrels (PPP 2,820,000 barrels).
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