OPERATIONS

Flooding to hit VicPet's revenue

VICTORIA Petroleum expects roads to its Growler and Snatcher oil fields will not reopen until June-July and September respectively due to ongoing disruptions caused by flooding.

This was indicated by aerial inspection and the arrival of floodwaters at Growler. The company said the increase in time of deferment was disappointing and is expected to cut production by 40% for the...

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