Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 41,986 $ 45,917
Restricted cash 82 911
Receivables:    
Trade 6,080 14,335
Accounts with joint venture owners, net of allowance of $0.0 million and $0.5 million, respectively   2,714
Foreign income taxes receivable 1,124  
Other 81 1,517
Crude oil inventory 781 1,072
Prepayments and other 4,264 3,292
Total current assets 54,398 69,758
Crude oil and natural gas properties, equipment and other - successful efforts method, net 38,845 68,258
Other noncurrent assets:    
Restricted cash 925 925
Value added tax and other receivables, net of allowance of $2.1 million and $1.0 million, respectively 3,684 3,683
Right of use operating lease assets 25,700 33,383
Deferred tax assets   24,159
Abandonment funding 11,885 11,371
Total assets 135,437 211,537
Current liabilities:    
Accounts payable 4,702 15,897
Accounts with joint venture owners 5,984  
Accrued liabilities and other 14,426 29,773
Operating lease liabilities - current portion 12,696 11,990
Foreign income taxes payable   5,740
Current liabilities - discontinued operations 15 350
Total current liabilities 37,823 63,750
Asset retirement obligations 17,105 15,844
Operating lease liabilities - net of current portion 12,993 21,371
Deferred tax liabilities 2,802  
Other long term liabilities 43 852
Total liabilities 70,766 101,817
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, 67,819,242 and 67,673,787 shares issued, 57,456,139 and 58,024,571 shares outstanding, respectively 6,782 6,767
Additional paid-in capital 74,061 73,549
Less treasury stock, 10,363,103 and 9,649,216 shares, respectively, at cost (42,419) (41,429)
Retained earnings 26,247 70,833
Total shareholders' equity 64,671 109,720
Total liabilities and shareholders' equity $ 135,437 $ 211,537