text: **CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME**
  
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              [html]<thead><tr><td>2014</td><td>2013</td><td>For the year ended 31 December</td><td>Note</td></tr></thead><tbody><tr><td>US $ 7000</td><td>US $’ 000</td><td>Oil and natural gas revenue</td><td>3</td></tr><tr><td>159.793</td><td>85.345</td><td>Lease operating and production tax expense</td><td>4</td></tr><tr><td>( 20.489 )</td><td>( 18.383 )</td><td>General and administrative expense</td><td>5</td></tr><tr><td>( 15.527 )</td><td>( 15.297 )</td><td>Depreciation and amortisation expense</td><td>16.19</td></tr><tr><td>( 85.584 )</td><td>( 36.225 )</td><td>Impairment expense</td><td>17</td></tr><tr><td>( 71.212 )</td><td>-</td><td>Exploration expense</td><td>18</td></tr><tr><td>( 10.934 )</td><td></td><td>-</td><td>Finance costs</td></tr><tr><td>( 699 )</td><td>232</td><td>Gain on sale of non - current assets</td><td>6</td></tr><tr><td>48.604</td><td></td><td>7.335</td><td>Gain ( loss ) on derivative financial instruments</td></tr><tr><td>11.009</td><td></td><td>( 554 )</td><td>Other income</td></tr><tr><td>( 481 )</td><td></td><td>( 944 )</td><td>Profit before income tax</td></tr><tr><td>14.480</td><td>21.509</td><td>Income tax benefit /( expense )</td><td>7</td></tr><tr><td>841</td><td></td><td>( 5.567 )</td><td>Profit attributable to owners of the Company</td></tr><tr><td>15.321</td><td></td><td></td><td></td></tr><tr><td>15.942</td><td></td><td></td><td></td></tr><tr><td>Other comprehensive incomeItems that may be reclassified subsequency</td><td></td><td></td><td></td></tr><tr><td>Items that may be reclassified subsequently to profit or loss :</td><td></td><td>Exchange differences arising on translation of foreign operations ( no income tax effect )</td><td>684</td></tr><tr><td>( 421 )</td><td></td><td>Other comprehensive income ( loss )</td><td>______684</td></tr><tr><td>( 421 )</td><td></td><td></td><td></td></tr><tr><td>Total comprehensive income attributable to owners of the Comp</td><td></td><td>_16.005</td><td>_15.521</td></tr><tr><td>Earnings per share ( cents )</td><td></td><td></td><td></td></tr><tr><td>Basic earnings</td><td>10</td><td>2.9</td><td>3.9</td></tr><tr><td>Diluted earnings</td><td>10</td><td>2.9</td><td>3.8</td></tr></tbody>
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