| Segment Activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2020 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-crude oil and natural gas sales |
|
$ |
17,974 |
|
$ |
— |
|
$ |
— |
|
$ |
17,974 |
Depreciation, depletion and amortization |
|
|
2,772 |
|
|
— |
|
|
29 |
|
|
2,801 |
Other operating expense, net |
|
|
(815) |
|
|
— |
|
|
— |
|
|
(815) |
Operating income (loss) |
|
|
1,704 |
|
|
(69) |
|
|
(2,601) |
|
|
(966) |
Derivative instruments gain (loss), net |
|
|
— |
|
|
— |
|
|
(756) |
|
|
(756) |
Income tax expense (benefit) |
|
|
(273) |
|
|
— |
|
|
(1,976) |
|
|
(2,249) |
Additions to crude oil and natural gas properties and equipment – accrual |
|
|
1,190 |
|
|
— |
|
|
— |
|
|
1,190 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2020 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-crude oil and natural gas sales |
|
$ |
36,363 |
|
$ |
— |
|
$ |
— |
|
$ |
36,363 |
Depreciation, depletion and amortization |
|
|
5,844 |
|
|
— |
|
|
60 |
|
|
5,904 |
Impairment of proved crude oil and natural gas properties |
|
|
30,625 |
|
|
— |
|
|
— |
|
|
30,625 |
Bad debt recovery and other |
|
|
989 |
|
|
— |
|
|
— |
|
|
989 |
Other operating expense, net |
|
|
(846) |
|
|
— |
|
|
— |
|
|
(846) |
Operating income (loss) |
|
|
(24,579) |
|
|
(194) |
|
|
(2,876) |
|
|
(27,649) |
Derivative instruments gain (loss), net |
|
|
— |
|
|
— |
|
|
6,583 |
|
|
6,583 |
Income tax expense |
|
|
21,766 |
|
|
— |
|
|
9,463 |
|
|
31,229 |
Additions to crude oil and natural gas properties and equipment – accrual |
|
|
10,611 |
|
|
— |
|
|
— |
|
|
10,611 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2019 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-crude oil and natural gas sales |
|
$ |
25,230 |
|
$ |
— |
|
$ |
— |
|
$ |
25,230 |
Depreciation, depletion and amortization |
|
|
1,835 |
|
|
— |
|
|
74 |
|
|
1,909 |
Other operating expense, net |
|
|
(4,399) |
|
|
— |
|
|
— |
|
|
(4,399) |
Operating income (loss) |
|
|
8,963 |
|
|
(130) |
|
|
(2,463) |
|
|
6,370 |
Derivative instruments gain (loss), net |
|
|
— |
|
|
— |
|
|
1,911 |
|
|
1,911 |
Income tax expense |
|
|
7,869 |
|
|
2 |
|
|
1,337 |
|
|
9,208 |
Additions to crude oil and natural gas properties and equipment – accrual |
|
|
1,593 |
|
|
— |
|
|
29 |
|
|
1,622 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2019 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-crude oil and natural gas sales |
|
$ |
44,995 |
|
$ |
— |
|
$ |
— |
|
$ |
44,995 |
Depreciation, depletion and amortization |
|
|
3,314 |
|
|
— |
|
|
148 |
|
|
3,462 |
Impairment of proved crude oil and natural gas properties |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
Bad debt recovery and other |
|
|
(24) |
|
|
— |
|
|
— |
|
|
(24) |
Other operating expense, net |
|
|
(4,436) |
|
|
— |
|
|
— |
|
|
(4,436) |
Operating income (loss) |
|
|
18,493 |
|
|
(316) |
|
|
(6,261) |
|
|
11,916 |
Derivative instruments gain (loss), net |
|
|
— |
|
|
— |
|
|
(1) |
|
|
(1) |
Income tax expense |
|
|
10,360 |
|
|
12 |
|
|
1,589 |
|
|
11,961 |
Additions to crude oil and natural gas properties and equipment – accrual |
|
|
2,274 |
|
|
(187) |
|
|
220 |
|
|
2,307 |
|
| Long-lived Assets From Continuing Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Long-lived assets from continuing operations: |
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2020 |
|
$ |
31,080 |
|
$ |
10,000 |
|
$ |
268 |
|
$ |
41,348 |
As of December 31, 2019 |
|
$ |
57,930 |
|
$ |
10,000 |
|
$ |
328 |
|
$ |
68,258 |
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Total assets from continuing operations: |
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2020 |
|
$ |
118,369 |
|
$ |
10,086 |
|
$ |
19,202 |
|
$ |
147,657 |
As of December 31, 2019 |
|
$ |
151,686 |
|
$ |
10,087 |
|
$ |
49,764 |
|
$ |
211,537 |
|