fundamentals
1. half year operational earning is almost equal to full year 2006/2007. very good.

2. big interim bonus to dispatch its exceptional earning from divestments shows a very share-holder considerate management. very good.

3. industry for business is on its historical peak. very good.

4. share price have been hiking up a lot. P/E based on continuous operation is about 19x. neutual.

5. share trading volume is low. negative.

overall: if you already bought it and have been holding it for a while, i congrate and suggest maintain HOLD. but for new buyer, the price is already very high, and the up potential is limited, unless you think the oil sector will not experience any business cycle in the future.

but i do trust on business cycle and historical prices due the risk control reason, i give buy rating for short term, but neutrual in long term.