Ann: Company Insight MD on recent USD265 million , page-22

re: Ann: Company Insight MD on recent USD265 ...
S T H

Thank you for your questions.


1)The redundancies are expected to save an estimated $4,500,000 per annum. Total staff numbers across the Group
decreased to 430 as at 30 June 2012 (2011: 464).
Total administration and corporate costs for the period increased from $57,550,000 to $74,743,000 reflecting the significant
increase in staff costs detailed above and administrative costs as a result of the continued global expansion of the business,
particularly in the United States with the acquisition.


2)LNC USA has increased oil production from 3000 bpd to 4000 pbd these are gross numbers.

Q for u .

Have you considered the impact of the higher interest rate charges FY 2012 to 2012?