text: Upon vesting, and after a certain administrative period, the RSUs are converted to ordinary shares of the Company. 
  Once converted to ordinary shares, the RSUs are no longer restricted. As the daily closing price of the Company’s 
  ordinary shares approximates its estimated fair value at that time, the Company used the grant date closing price to 
  estimate the fair value of the RSUs. 
  
  The total share based compensation expense for the years ended 31 December 2014 and 2013 was $1.9 million and 
  $1.6 million, respectively. 
  
  **NOTE 32 – RELATED PARTY TRANSACTIONS**
  
  N Martin was previously a partner of Minter Ellison Lawyers and is now a consultant for Minter Ellison Lawyers as 
  well as a Director of the Company. Minter Ellison Lawyers were paid a non material amount for legal services for the 
  year ended 31 December 2014 and $0.2 million for legal services for the years ended 31 December 2013. 
  
  **NOTE 33 – FINANCIAL RISK MANAGEMENT**
  
  **a) Financial Risk Management Policies**
  
  The Group is exposed to a variety of financial market risks including interest rate, commodity prices, foreign 
  exchange and liquidity risk. The Group’s risk management strategy focuses on the volatility of commodity 
  markets and protecting cash flow in the event of declines in commodity pricing. The Group utilises derivative 
  financial instruments to hedge exposure to fluctuations in interest rates and commodity prices. The Group’s 
  financial instruments consist mainly of deposits with banks, short term investments, accounts receivable, 
  derivative financial instruments, finance facility, and payables. The main purpose of non-derivative financial 
  instruments is to raise finance for the Group operations. 