Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

v2.4.1.9
Segment Information (Tables)
12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Segment Activity

 

2014

 

Gabon

 

 

Angola

 

 

Equatorial

Guinea

 

 

USA

 

 

Corporate

and Other

 

 

Total

 

Revenues

 

$

126,322

 

 

$

-

 

 

$

-

 

 

$

1,369

 

 

$

-

 

 

$

127,691

 

Depreciation, depletion and amortization

 

 

19,079

 

 

 

12

 

 

 

-

 

 

 

901

 

 

 

94

 

 

 

20,086

 

Operating income (loss)

 

 

(42,105

)

 

 

(3,798

)

 

 

(1,525

)

 

 

(119

)

 

 

(6,859

)

 

 

(54,406

)

Interest income

 

 

42

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

33

 

 

 

75

 

Income taxes

 

 

22,486

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

22,486

 

Bad debt and other expenses

 

 

2,400

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2,400

 

Impairment of proved properties

 

 

98,341

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

98,341

 

Additions to properties and equipment

 

 

83,170

 

 

 

3,117

 

 

 

-

 

 

 

8

 

 

 

816

 

 

 

87,111

 

Long lived assets

 

 

76,247

 

 

 

14,645

 

 

 

10,000

 

 

 

6,359

 

 

 

873

 

 

 

108,124

 

Total assets

 

 

192,957

 

 

 

22,305

 

 

 

10,197

 

 

 

6,611

 

 

 

16,779

 

 

 

248,849

 

 

2013

 

Gabon

 

 

Angola

 

 

Equatorial

Guinea

 

 

USA

 

 

Corporate

and Other

 

 

Total

 

Revenues

 

$

167,386

 

 

$

-

 

 

$

-

 

 

$

1,891

 

 

$

-

 

 

$

169,277

 

Depreciation, depletion and amortization

 

 

15,310

 

 

 

28

 

 

 

-

 

 

 

1,528

 

 

 

63

 

 

 

16,929

 

Operating income (loss)

 

 

98,795

 

 

 

(3,018

)

 

 

(768

)

 

 

(11,869

)

 

 

(5,915

)

 

 

77,225

 

Interest income

 

 

40

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

33

 

 

 

73

 

Income taxes

 

 

34,115

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

34,115

 

Bad debt and other expenses

 

 

1,764

 

 

 

1,562

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

3,326

 

Additions to properties and equipment

 

 

53,015

 

 

 

629

 

 

 

-

 

 

 

-

 

 

 

47

 

 

 

53,691

 

Long lived assets

 

 

109,597

 

 

 

11,540

 

 

 

10,000

 

 

 

7,235

 

 

 

152

 

 

 

138,524

 

Total assets

 

 

256,033

 

 

 

12,204

 

 

 

10,059

 

 

 

9,660

 

 

 

20,211

 

 

 

308,167

 

 

2012

 

Gabon

 

 

Angola

 

 

Equatorial

Guinea

 

 

USA

 

 

Corporate

and Other

 

 

Total

 

Revenues

 

$

192,489

 

 

$

-

 

 

$

-

 

 

$

2,798

 

 

$

-

 

 

$

195,287

 

Depreciation, depletion and amortization

 

 

15,954

 

 

 

28

 

 

 

-

 

 

 

3,872

 

 

 

59

 

 

 

19,913

 

Operating income (loss)

 

 

147,985

 

 

 

(3,293

)

 

 

(754

)

 

 

(48,940

)

 

 

(8,405

)

 

 

86,593

 

Interest income

 

 

60

 

 

 

(1

)

 

 

-

 

 

 

-

 

 

 

86

 

 

 

145

 

Income taxes

 

 

81,813

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

81,813

 

Bad debt and expenses

 

 

-

 

 

 

1,621

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,621

 

Impairment of proved properties

 

 

-

 

 

 

-

 

 

 

-

 

 

 

7,620

 

 

 

-

 

 

 

7,620

 

Additions to properties and equipment

 

 

22,731

 

 

 

-

 

 

 

10,000

 

 

 

13,558

 

 

 

77

 

 

 

46,366

 

Long lived assets

 

 

71,225

 

 

 

10,938

 

 

 

10,000

 

 

 

14,279

 

 

 

166

 

 

 

106,608

 

Total assets

 

 

190,652

 

 

 

11,405

 

 

 

10,000

 

 

 

17,314

 

 

 

38,585

 

 

 

267,956