Cairns posts PAT at Rs 29.33 cr for Q3

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Mumbai, Oct 29 (UNI) Cairns India has posted profit after tax (PAT) of Rs 29.33 crore for its third quarter (Q3) FY-2008 ended as on September 30, as against Rs 23.2 crore during the corresponding period last year.

The consolidated revenue of the company for Q3 FY-08 was Rs 32.06 crore, as against Q3 figure of Rs 26.58 crore a year ago, a company release said here today.

Gross production of the operating units was 65,566 barrels of oil equivalent per day (boepd) during Q3 FY-08 against 75,280 boepd in Q3 FY-2007 with the average price realisation per barrel of oil equivalent (boe) being USD 87.3 in Q3 FY-2008, as against USD 58.4 in Q3 the previous fiscal.

''We will continue to focus on driving forward... the Rajasthan upstream and mid-stream developments and remain on track with adequate financial liquidity to deliver first oil from Mangala in H2 2009,'' stated Cairns Chief Executive Officer Rahul Dhir.

UNI ZC SSS SKB1743

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