CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 
 
             
 
For the year ended 31 December 
 
Note 
2014 
US$’000  
2013 
US$’000 
    
Oil and natural gas revenue 3  159,793        85,345 
Lease operating and production tax expense 4 (20,489) (18,383) 
General and administrative expense 5 (15,527) (15,297) 
Depreciation and amortisation expense 16, 19 (85,584) (36,225) 
Impairment expense 17 (71,212) - 
Exploration expense 18 (10,934) - 
Finance costs  (699) 232 
Gain on sale of non-current assets 6 48,604 7,335 
Gain (loss) on derivative financial instruments  11,009 (554) 
Other income         (481)              (944) 
    
Profit before income tax  14,480 21,509 
    
Income tax benefit/(expense) 7          841     (5,567) 
    
Profit attributable to owners of the Company  15,321 15,942 
      
Other comprehensive income     
Items that may be reclassified subsequently to 
profit or loss: 
 
  
Exchange differences arising on translation    
   of foreign operations (no income tax effect)           684        (421) 
Other comprehensive income (loss)           684        (421) 
    
Total comprehensive income    
   attributable to owners of the Company     16,005         15,521  
    
Earnings per share (cents)     
Basic earnings  10 2.9 3.9  
Diluted earnings  10  2.9 3.8  
    
   
 
 
 
 
 
 
The accompanying notes are an integral part of these consolidated financial statements 
 
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