SYDNEY (AFX-ASIA) – Novus Petroleum Ltd said first half earnings were impacted by a fall in revenues on lower production levels and oil prices, while the company also incurred A$61.4 million in significant items primarily related to the write-off of exploration costs. (US$1=A$1.8). Earlier Novus reported a first half net loss of A$.6 million, compared…
AUSTRALIA: Novus Peteroleum H1 hit by exploration writedowns, lower oil price
Posted on September 13, 2002 by EnergyAsia