LOCHARD ENERGY GROUP PLC 
By AUSTRALIAN SECURITIES EXCHANGE - APPENDIX 4D
Results for announcement to the Market
Half Year Half Year
Ended Ended
31 Dec 12 31 Dec 11
% Change US$ 000's US$ 000's
*restated
Revenue from ordinary
activities Up 100% 18,996 nil
Profit/(loss) from ordinary activities after tax
attributable to members Up 142% 6,203 (14,702)
Net profit /(loss) for the period attributable to
members Up 142% 6,203 (14,702)
Lochard Energy Group PLC will not be declaring an interim dividend
Net tangible assets per
US Cents US Cents
ordinary share (cents) 2.2 (5.9)
*As disclosed in the half year financial statement the Group has elected to adopt US dollars as its presentation and functional currency. Accordingly the comparative information has been restated.
Commentary on Results
The 4D has been completed in accordance with International Financial Reporting Standards and there are no modifications in the auditors review report attached to the Half Year financial statement.
Revenue
The Athena project commenced production in May 2012 and the Group recorded a full six months of oil
sale revenue in the current reporting period.
Profit / Loss
The Group has moved from a loss to a profit in the current reporting period due to:
• US$6.1 million gross profit in the current period as a result of the production and sale of oil from the Athena project;
• Lower administration expenses due to cost savings adopted by the Group including lower consulting and legal fees, and a smaller administrative staff. Recognition of the US$9 million Senergy settlement fee was also included in the comparative reporting period;
• Recognition of a gain on financial liabilities of US$2.8 million offset by interest paid on financial liabilities of US$5.7 million in the current period;
• Reversal of Australian tax assets and liabilities recognised at 30 June 2012 generating a tax benefit of US$4.6 million versus US$1 million expense in the comparative reporting period. The Company has filed its final tax return in Australia and migrated its tax residency to the UK effective 1 July 2012.
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