text: **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**
  
  **NOTE 12 – TRADE AND OTHER RECEIVABLES**
  
  **2014**
  **US$’000** **2013**
  **US$’000** **Year ended 31 December**
  
  Oil, natural gas and NGL sales 
  Joint interest billing receivables 
  Commodity hedge contract receivables 
  Other 
  
   13,246 
  11,587 
   1,153 
   8 
   25,994   23,364 
  5,353 
   - 
   31 
   28,748   Total trade and other receivables 
  
  As at 31 December 2013, the Group had a receivable balance of $11.7 million, which was outside normal trading 
  terms (the receivable was past due but not impaired), offset by a payable balance of $16.7 million to the same debtor 
  company (see Note 20 for additional information). The Company’s remaining Bakken assets were sold to the debtor 
  company in July 2014, for approximately $14.0 million, including the settlement of the net liability due to the debtor 
  company. 
  
  Due to the short-term nature of trade and other receivables, their carrying amounts are assumed to approximate 
  fair value. No receivables were outside of normal trading terms as at 31 December 2014. 