| Segment Activity |
Segment activity for the three months ended March 31, 2016 and 2015 and segment assets at March 31, 2016 and December 31, 2015 are as follows:
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Three Months Ended March 31, 2016
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Equatorial
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Corporate
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(in thousands)
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Gabon
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Angola
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Guinea
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U.S.
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and Other
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Total
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Revenues-oil and gas sales
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$
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10,908
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$
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-
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$
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-
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$
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68
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$
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-
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$
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10,976
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Depreciation, depletion and amortization
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2,143
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3
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-
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21
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74
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2,241
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Impairment of proved properties
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-
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-
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-
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-
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-
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-
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Bad debt expense (recovery) and other
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343
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(7,629)
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-
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-
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-
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(7,286)
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Operating income (loss)
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(11,956)
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7,306
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(48)
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(3)
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(1,947)
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(6,648)
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Interest income (expense), net
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(488)
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3,201
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-
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-
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-
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2,713
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Income tax expense
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1,685
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2,967
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-
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-
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-
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4,652
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Additions to property and equipment
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-
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-
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-
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-
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-
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-
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Three Months Ended March 31, 2015
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Equatorial
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Corporate
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(in thousands)
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Gabon
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Angola
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Guinea
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U.S.
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and Other
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Total
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Revenues-oil and gas sales
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$
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18,100
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$
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-
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$
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-
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$
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139
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$
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-
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$
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18,239
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Depreciation, depletion and amortization
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5,706
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3
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-
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170
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56
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5,935
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Impairment of proved properties
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5,399
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-
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-
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-
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-
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5,399
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Bad debt expense (recovery) and other
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280
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-
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-
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-
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-
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280
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Operating income (loss)
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(4,545)
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(27,866)
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(239)
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248
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(2,876)
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(35,278)
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Interest income (expense), net
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(307)
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-
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-
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-
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1
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(306)
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Income tax expense
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3,365
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-
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-
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-
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-
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3,365
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Additions to property and equipment
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30,561
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583
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-
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65
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-
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31,209
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| Segment Long-lived Assets And Total Assets |
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Equatorial
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Corporate
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(in thousands)
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Gabon
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Angola
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Guinea
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U.S.
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and Other
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Total
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Total assets as of March 31, 2016
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$
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82,582
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$
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20,789
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$
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10,186
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$
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1,299
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$
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1,834
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$
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116,690
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Total assets as of December 31, 2015
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98,858
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10,304
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10,200
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1,470
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3,126
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123,958
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