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(Expressed in thousands of United States dollars) 

## 7. Inventories 

<img src='content_image/250330.jpg'>

The inventory amounts expensed for the year ended December 31, 2011 totalled $149.1million which includes $148.5 million in fuel and lube costs, $0.3 million in vehicle fuel and $0.3 million in line spares. The inventory amounts expensed for the year ended December 31, 2010 totalled $112.3 million which includes $111.8 million in fuel and lube costs, $0.3 million in vehicle fuel and $0.2 million in line spares. 

