v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 22,884 $ 47,853
Restricted cash 83 86
Receivables:    
Trade 28,801  
Accounts with joint venture owners, net of allowance of $0.0 million in both periods presented 77 3,587
Other 24 4,331
Crude oil inventory 3,107 3,906
Prepayments and other 4,348 4,215
Total current assets 59,324 63,978
Crude oil and natural gas properties, equipment and other - successful efforts method, net 74,202 37,036
Other noncurrent assets:    
Restricted cash 1,752 925
Value added tax and other receivables, net of allowance of $5.6 million and $2.3 million, respectively 5,618 4,271
Right of use operating lease assets 16,259 22,569
Deferred tax assets 1,511  
Abandonment funding 22,837 12,453
Total assets 181,503 141,232
Current liabilities:    
Accounts payable 5,545 16,690
Accounts with joint venture owners 2,013 4,945
Accrued liabilities and other 34,980 17,184
Operating lease liabilities - current portion 13,288 12,890
Foreign income taxes payable 12,533 860
Current liabilities - discontinued operations 7 7
Total current liabilities 68,366 52,576
Asset retirement obligations 32,633 17,334
Operating lease liabilities - net of current portion 2,968 9,671
Other long-term liabilities   193
Total liabilities 103,967 79,774
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Preferred stock, $25 par value; 500,000 shares authorized, none issued
Common stock, $0.10 par value; 100,000,000 shares authorized, 69,420,003 and 67,897,530 shares issued, 58,585,062 and 57,531,154 shares outstanding, respectively 6,942 6,790
Additional paid-in capital 75,778 74,437
Less treasury stock, 10,834,941 and 10,366,376 shares, respectively, at cost (43,589) (42,421)
Retained earnings 38,405 22,652
Total shareholders' equity 77,536 61,458
Total liabilities and shareholders' equity $ 181,503 $ 141,232

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