• About us
  • Company Profile
  • Management Team
  • Corporate Strategy
  • Our Home
  • Contact Us

• Operations
  • Ghana
  • Indonesia

• Environment

• New Technologies

• Corporate Governance
  • Corporate Governance
  • Health and Safety
  • Accounting Standards
  • Remuneration Committee
  • Audit Committee

• News

Corporate Governance Health and Safety Accounting Standards Remuneration Committee Audit Committee

Accounting Standards

The group's financial statements will be prepared in accordance with International Financial Reporting Standards. IFRS currently contains no specific guidance on accounting for oil and gas exploration companies. The group’s accounts will be prepared under the historical cost convention and in accordance with the Oil Industry Accounting Committee Statement of Recommended Practice "Accounting for oil and gas exploration, development, production and de-commissioning activities" and applicable accounting standards. The group's financial statements will be prepared in Euros.