• FY24 production and YE24 net cash have already been reported. • The FY25 production guidance of 5.0-6.2 mboe/d is unchanged. However the highlight of the press release is the upcoming programme in Vietnam. • The FY25 capex guidance has increased to US$37–66 mm, up from the previous US$33 mm. The minimum programme includes drilling the TGT appraisal commitment well (18X) and procuring long-lead items for three TGT infill wells and two CNV wells (one appraisal well, 5X, and one infill well), sc ....