Amer - I can help a little (as an accountant) but I'm not a...

Amer - I can help a little (as an accountant) but I'm not a corporate one (merely public).

Depreciation expenses was actually from the accounts only %52,606 - however in the sumamry - they have included amortisation (read write-off) of Petroleum assets ($1,156,993) as well as some other imparements and writeoffs (can't reconcile the rest).

Exploration costs written off - would be a writedown in the recoverable value of the tennemants. Expenditure is normally capitalised, and then expensed against production. However a writeoff of the amoutn, would bring the asset back to a 'recoverable' value of the tennemant if you want to put it that way. Page 26 of the report under Petroleum assets states "Amortisation of petroleun and gas licences, prodcution facilities, field equipment and buildings are determined based on the proven and probably hydrocarbon reserves."

Hope that is helped in part to answer some of your queries. If i have time later I'll make additonal comments too.