text: **Acquisition in 2013**
  On 8 March 2013, the Company acquired 100% of the outstanding shares of Texon Petroleum Ltd ("Texon", whose 
  name was changed to Armadillo Petroleum Ltd), an Australian corporation with oil and gas assets in the Eagle Ford 
  formation in the United States. The Company acquired Texon to gain access to its existing production and drilling 
  inventory in the Eagle Ford formation. As consideration for substantially all of the net assets of Texon, the Company 
  issued 122.7 million ordinary shares (approximately 30.6% of the total outstanding shares immediately subsequent 
  to the acquisition), which had a fair value of $132.1 million on the acquisition date and net cash consideration of 
  $26.3 million for a total purchase price of $158.4 million. The net cash consideration includes a $141.0 million pre- 
  merger purchase by the Company of certain Texon oil and gas properties, offset by $114.7 million of cash acquired 
  at the time of the merger. The current income tax liability, included in accrued expenses, and deferred tax liability 
  of $33.4 million and $16.9 million, respectively, are comprised of tax liabilities assumed as at the acquisition date 
  and an increase in the tax liability related to the incremental acquisition date fair value of the acquired development 
  and production and exploration and evaluation assets as compared to Texon's historical basis. 