Oil volume saw a dip of 3% YoY to 6.2bcm, while gas production volume increased 2.2% to 6.1bcm. Net oil realization improved to US$66.7/bbl vs US$54.9//bbl, in line with our estimate. We are keeping oil production growth flattish at 25.5mmt & 4% growth in gas to 25.5bcm against company's guidance of 25.9mmt/25.5bcm. We expect its net oil realization to rise to US$60/bbl for FY19/FY20E from US$57.3 in FY18. We cut TP to Rs214 from Rs227. Maintain BUY. Key Highlights and Investment Rationale Higher expenses, dry well write-offs hurt PAT growth...