F. Company Performance and Shareholder Wealth 
The following table sets out the Company’s performance during the years ended 31 December 2014, 2013, the six month 
period ended 31 December 2012 and the preceding two years ended 30 June in respect of several key financial indicators (in 
US thousands, except where otherwise stated): 
 
Metric 31 December 
2014 
31 December 
2013 
31 December 
2012* 
30 June 
2012 
30 June 
2011 
Revenue 159,793 85,345 17,724 29,787 18,176 
3P Reserves (MBOE) 147,723 92,780 46,501 50,138 25,714 
Production (BOEPD) 6,147 2,956 1,298 1,163 719 
Net profit (loss) after tax 15,321 15,942 76,210 6,012 7,029 
EBITDAX 126,373 52,594 9,223 17,093 9,762 
Earnings per share** 0.03 0.04 0.27 0.02 0.03 
Dividends or other returns on 
capital 
 
Nil 
 
Nil 
 
Nil 
 
Nil 
 
Nil 
Share price A$0.52 A$1.00 A$0.77 A$0.56 A$0.83 
* Six month period ended (all other periods shown are for full year periods) 
** Basic and diluted  
G. Remuneration of Non-Executive Directors 
 
The Non-executive directors receive a basic annual fee for board membership and annual fees for committee service and 
chairmanships. For the Australian non-executive directors this is inclusive of the superannuation guarantee contribution required 
by the Austra lian government, which changed to 9 .50% at 1 July 2014 (previously 9.25%) . In accordance with ASX corporate 
governance principles, they do not receive any other retirement benefits or any performance -related incentive payments by 
means of cash or equity. Some individuals, however, have chosen to contribute part of their salary to superannuation in order to 
access the available favourable tax advantage of doing so (“Salary sacrifice”).  
To align directors' interests with shareholder interests, the directors are required to hold our ordinary shares equal to three times 
their base board fees.  Each Non- Executive Director has five years from their appointment to achieve this shareholding 
requirement.  All remuneration paid to directors and executives is valued in accordance with applicable IFRS accounting rules.  
A review by Meridian was commissioned by the Remuneration and Nominations Committee in November 2014. The 
Remuneration and Nominations Committee found that the NED fee structure was within competitive range of its Australian 
peer companies, and that the remuneration per NED is near the median (46th percentile). 
 
Summary of Non-Executive Director Pay Elements 
Non-executive Directors’ fees are determined within an agg regate Directors’ fee pool limit, which is periodically recommended 
for approval by shareholders.  The maximum currently stands at $950,000 per annum which was approved by shareholders at 
the Annual General Meeting on 28 May 2013. 
  
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