Quarterly report pursuant to Section 13 or 15(d)

Statements Of Consolidated Operations

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Statements Of Consolidated Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Oil and natural gas sales $ 10,976 $ 18,239
Operating costs and expenses:    
Production expense 11,253 9,911
Exploration expense 1 27,459
Depreciation, depletion and amortization 2,241 5,935
General and administrative expense 2,984 4,873
Impairment of proved properties   5,399
Other operating expense 8,881  
General and administrative related to shareholder matters (453)  
Bad debt expense (recovery) and other (7,286) 280
Total operating costs and expenses 17,621 53,857
Other operating loss, net (3) 340
Operating loss (6,648) (35,278)
Other income (expense):    
Interest income 3,202 4
Interest expense (489) (310)
Other, net 524 (56)
Total other income (expense) 3,237 (362)
Loss before income taxes (3,411) (35,640)
Income tax expense 4,652 3,365
Net loss $ (8,063) $ (39,005)
Basic net loss per share $ (0.14) $ (0.67)
Diluted net loss per share $ (0.14) $ (0.67)
Basic weighted average shares outstanding 58,512,657 57,981,347
Diluted weighted average shares outstanding 58,512,657 57,981,347