2014 highlights
Strong operating cash flow of US$924.3 million (2013: US$802.5 million), up 15 per cent
Revenue of US$1.6 billion (2013: US$1.5 billion); loss after tax of US$210.3 million (2013: profit after tax of US$234.0 million), reflecting non-cash post-tax impairments of US$327.8 million due to lower near term oil price assumptions
Record production of 63.6 kboepd (2013: 58.2 kboepd), up 9.3 per cent and above upper end of market guidance
Key milestones reached on development projects: government approval of the Catcher project received, installation of the Solan facilities achieved, FEED completed on the Vette field and a lower capex solution for the Sea Lion project selected
Exploration successes included a 100 mmboe oil and liquids-rich gas discovery at Kuda/Singa Laut in Indonesia
Continued portfolio rationalisation with approximately US$190 million of non-core asset sales announced of which Scott area and Luno II disposals completed during the year
Dividend suspended for full year 2014
