text: **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**
  
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              [html]<thead><tr><td>E 16 − DEVELOPMENT AND PRODUCTION ASSETS</td><td>Year ended 31 December</td><td>2014 US $ 7000</td></tr></thead><tbody><tr><td>2013 US $ 7000</td><td></td><td></td></tr><tr><td>Costs carried forward in respect of areas of interest in :</td><td></td><td></td></tr><tr><td>Development and production assets, at cost :</td><td>Producing assets</td><td>652.035</td></tr><tr><td>297.469</td><td>Wells - in - progress</td><td>___56.043</td></tr><tr><td>_55.636</td><td>Development and production assets, at cost :</td><td>708.078</td></tr><tr><td>353.105</td><td>Accumulated depletion</td><td>( 117.613 )</td></tr><tr><td>( 40.635 )</td><td>Provision for impairment</td><td>_ ( 71.452 )</td></tr><tr><td>____ ( 240 )</td><td>Total Development and Production Expenditure</td><td>_519.013</td></tr><tr><td>_312_230</td><td></td><td></td></tr><tr><td>a ) Movements in carrying amounts :</td><td></td><td></td></tr><tr><td>Development expenditure</td><td>Balance at the beginning of the period</td><td>312.230</td></tr><tr><td>79.729</td><td>Amounts capitalised during the period</td><td>350.196</td></tr><tr><td>219.121</td><td>Amounts transferred from exploration phase</td><td>59.209</td></tr><tr><td>31.999</td><td>Fair value of assets acquired</td><td>-</td></tr><tr><td>54.258</td><td>Allocation of working interest assets acquired</td><td>2.244</td></tr><tr><td>-</td><td>Reclassifications to assets held for sale</td><td>-</td></tr><tr><td>( 10.489 )</td><td>Impairment expense</td><td>( 71.212 )</td></tr><tr><td>-</td><td>Depletion expense</td><td>( 85.357 )</td></tr><tr><td>( 36.294 )</td><td>Development and production assets, net of accumulated</td><td>amortization, sold during the period</td></tr><tr><td>__ [ 48.297 ]</td><td>__ ( 26.094 )</td><td>Balance at end of period</td></tr><tr><td>_519.013</td><td>_312_230</td></tr></tbody>
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