The Africa-focused player posted a loss of $19.4 million compared to a loss of $40.7 million for the first half of 2012, with general and administrative costs of $15.7 million weighing down the bottom line.
Exploration expenditure was 81% higher than last year at $3.8 million. This included a $3.1 million exploration write-off following Ophir’s exit from the Marine IX Block off Congo, as well as a $400,000 inventory write-off and pre-licence exploration costs totaling $300,000.
However,
