Cairns posts PAT at Rs 29.33 cr for Q3

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.

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