RE: Positive results12 Nov 2024 08:27
As PP says, results are a little difficult to compare to previous quarters - I tried reading Q323 and Q324 side by side but layout, different reporting metrics and claiming first half stuff again in Q3 makes it difficult.
However, compared with Q3 23:
Production up
Exit rate up
Next LVL activity up
Couple of new income streams (as per PP's post)
Unit price down (but impact reduced with hedging
Unit costs up (but at an acceptable level)
Once again, reporting of financial derivatives gives the unhelpful overall loss figure!
But - they are now showing that they are doing what they said they would do, which hasn't been the case last few years.
Steady as she goes - which is what I was hoping for.