Reports FY15 after tax loss -$1.65B v +$475M y/y, R$946M v $1.64B y/y
- Net production excluding Barda Rash of 31,819 bopd, slightly below the full year guidance range of between 32,000 - 36,000 bopd
- Lower oil prices significantly impacted the business at the start of 2015 resulting in a review of the Company's capital structure, liquidity, funding requirements and business plan
- Financial results impacted by material impairment charge of US$1.1 billion due to the fall in oil prices and curtailment of capital expenditure and US$0.9 billion in respect of the write-off of Barda Rash reserves