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Financial And Operations Highlights
Units
2014
2015
Change
Percentage
Financial Performance
Sales revenue
US$ million
270.8
155.6
-43%
Cost of sales
US$ million
140.5
129.1
-8%
Operating cash flow
US$ million
182.1
79.0
-57%
Net profit/(loss)
US$ million
42.7
(62.4)
-246%
Capital Expenditure
Property, Plant & Equipment
US$ million
209.3
239.0
14%
Exploration & Evaluation Assets
(1)
US$ million
56.8
10.8
-81%
Total Capital Expenditures
US$ million
266.1
249.8
-6%
Financial Position
Total Assets
US$ million
935.5
860.4
-8%
Total Debt
US$ million
360.3
368.4
2%
Shareholder Equity
US$ million
407.7
349.3
-14%
Earnings / (loss) per Share
US cents
13.0
(19.1)
-247%
Reserves and Production
Average Daily WI Production
boepd
25,252
25,000
-1%
Proven & Probable WI Reserves
(2)
mmboe
671
818
22%
Total Wells Drilled
Exploration
Number of
wells
6
2
-67%
Development & Appraisal
Number of
wells
48
47
-2%
1. Exploration & Evaluation Assets included Iraq Block 9 in 2014. In 2015 it has moved to Property, Plant & Equipment.
2. Reserves are audited by GCA.
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