| |
Notes |
2013
$’000s |
2012
$’000s |
| Continuing operations |
|
|
|
| Revenue |
|
482,220 |
367,987 |
| Cost of sales |
|
|
|
| Operating costs |
|
(86,272) |
(74,784) |
| Royalty payable |
|
(44,394) |
(30,572) |
| Amortisation of oil and gas properties |
|
(113,029) |
(96,723) |
| Impairment of producing oil and gas properties |
8 |
- |
(6,682) |
| Movement in inventories of oil |
|
13,007 |
(36,403) |
| Total cost of sales |
|
(230,688) |
(245,164) |
| Gross profit |
|
251,532 |
122,823 |
| Exploration expenses: |
|
|
|
| Pre-licence exploration expenses |
|
(7,041) |
(6,744) |
| Exploration costs written off |
7 |
(162,253) |
(44,384) |
| Total exploration expenses |
|
(169,294) |
(51,128) |
| Loss on disposal of assets |
|
(871) |
- |
| Impairment of non-producing assets held for sale |
9 |
- |
(16,554) |
| Administration expenses |
|
(7,290) |
(10,820) |
| Operating profit |
|
74,077 |
44,321 |
| Interest revenue |
|
111 |
193 |
| Finance costs |
4 |
(22,804) |
(27,352) |
| Other financial losses |
5 |
(4,093) |
(6,328) |
| Profit before tax |
|
47,291 |
10,834 |
| Taxation: |
|
|
|
| Current tax |
6 |
(146,756) |
(78,910) |
| Deferred tax |
6 |
(20,310) |
5,786 |
| Total Taxation |
|
(167,066) |
(73,124) |
| Loss after taxation |
|
(119,775) |
(62,290) |
| Loss on cash flow hedges1 |
|
(4,346) |
- |
|
Total comprehensive loss for the year
|
|
(124,121) |
(62,290) |
| |
Notes |
$’s |
$’s |
| Loss per ordinary share |
|
|
|
| Basic and diluted |
|
(0.46) |
(0.32) |
