Ann: 2010 Annual Financial Results - Presentation, page-4

re: Ann: 2010 Annual Financial Results - Pres... Asha' write downs re the BMG project going into NPP [non Production Phase] would be some reason and also the $9.5mill Forex expense.

Non cash items of:
*Impairment loss of US$44.2 million for BMG due to entry into the NPP, resulting in reduction of 0.7 MMBBL (net to ROC) of 2P Reserves, all assets being written-off, contractual costs being crystallised and additional costs relating to suspension activities in the field;
*Historic foreign exchange loss on liquidation of subsidiary of US$9.5 million

But I did like the $13.35/BOE production cost if we ignore BMG especially since having just heard that Tapis crude hit $120 overnight.
*Production costs of US$21.87/BOE (excluding BMG, operating costs were US$13.35/BOE).