Australian Worldwide reports strong jump in profits

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Mon, Aug 25, 2008
Oil Company News
Post by Mike Rodger, Oil Reporter

AUSTRALIAN Worldwide Exploration reported a staggering 647 per cent jump in its annual profit.

Managing director Bruce Wood said:

The result was driven by an amazing performance at the Tui oilfield in New Zealand and record oil prices, which set the scene for a perfect storm.

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