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CONSOLIDATED STATEMENT OF INCOME - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019
Income Statement [Abstract] |  |  |
REVENUE | $ 688,543,000 | $ 393,692,000 | $ 628,907,000
Commodity risk management contracts (loss) gain | (109,191,000) | 8,081,000 | (22,523,000)
Production and operating costs | (212,790,000) | (125,072,000) | (168,964,000)
Geological and geophysical expenses | (7,891,000) | (14,951,000) | (18,593,000)
Administrative expenses | (46,828,000) | (50,315,000) | (60,818,000)
Selling expenses | (8,730,000) | (5,844,000) | (14,113,000)
Depreciation | (88,969,000) | (118,073,000) | (105,532,000)
Write-off of unsuccessful exploration efforts | (12,262,000) | (52,652,000) | (18,290,000)
Impairment loss for non-financial assets, net | (4,334,000) | (133,864,000) | (7,559,000)
Other expenses | (11,739,000) | (11,665,000) | (1,840,000)
OPERATING PROFIT (LOSS) | 185,809,000 | (110,663,000) | 210,675,000
Financial expenses | (64,112,000) | (64,582,000) | (41,070,000)
Financial income | 1,652,000 | 3,166,000 | 2,360,000
Foreign exchange gain (loss) | 5,049,000 | (13,008,000) | (2,446,000)
PROFIT (LOSS) BEFORE INCOME TAX | 128,398,000 | (185,087,000) | 169,519,000
Income tax expense | (67,271,000) | (47,863,000) | (111,762,000)
PROFIT (LOSS) FOR THE YEAR | 61,127,000 | (232,950,000) | 57,757,000
Attributable to: |  |  |
Owners of the Company | $ 61,127,000 | $ (232,950,000) | $ 57,757,000
Earnings (Losses) per share (in US$). Basic | $ 1.00 | $ (3.84) | $ 0.96
Earnings (Losses) per share (in US$). Diluted | $ 0.99 | $ (3.84) | $ 0.92

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