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CONDENSED INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
---------------------------------------------------------------------------- Three months ended Nine months ended(unaudited) Dec 31, Dec 31,(thousands of U.S. dollars, except per share amounts) 2012 2011 2012 2011----------------------------------------------------------------------------Oil and natural gas revenue 159,694 249,877 (note 8) 46,515 74,789Production and operating (26,410) (29,221) expenses (8,199) (10,116)Depletion and depreciation (112,597) (86,026) expense (note 5) (30,979) (27,055)Exploration and evaluation (151,232) (116,383) expenses (note 9) (61,932) (57,112)Gain (loss) on short-term (558) (6,184) investments (282) 2,384Asset impairment (note 4) (28,911) (143) (67,830) (74)Other income (expenses) - 6,453 311 6,453Share-based compensation expense (8,011) (31,778) (note 7) (1,109) (5,158)General and administrative (4,990) (5,763) expenses (note 10) (668) (1,760)---------------------------------------------------------------------------- (85,565) (17,718) (211,623) (19,099)----------------------------------------------------------------------------Finance income 166 2,102 1,019 2,704Finance expense (note 11) (9,636) (8,135) (26,812) (23,876)Foreign exchange gain (loss) (1,602) (4,787) (2,570) (12,030)----------------------------------------------------------------------------Net finance expense (11,072) (10,820) (28,363) (33,202)--------------------------------------------------------------------------------------------------------------------------------------------------------Loss before income taxes (96,637) (28,538) (239,986) (52,301)----------------------------------------------------------------------------Current income tax reduction / 1,300 (3,048) (expense) (792) 1,241Minimum alternate tax (expense) (1,839) (6,221) (6,249) (19,019)Deferred income tax reduction / 30,531 (64,936) (expense) 5,559 (6,887)----------------------------------------------------------------------------Income tax reduction (expense) 2,928 (11,867) 25,582 (87,003)--------------------------------------------------------------------------------------------------------------------------------------------------------Net loss (93,709) (40,405) (214,404) (139,304)----------------------------------------------------------------------------Foreign currency translation (1,286) 9,953 gain / (loss) 3,197 (4,479)----------------------------------------------------------------------------Comprehensive loss for the (215,690) (129,351) period (90,512) (44,884)----------------------------------------------------------------------------Loss per share: (note 12) Basic and diluted (1.64) (0.78) (4.01) (2.70)The accompanying notes are an integral part of these financial statements.
