Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.20.2
Segment Information (Tables)
9 Months Ended
Sep. 30, 2020
Segment Information [Abstract]  
Segment Activity

Three Months Ended September 30, 2020

(in thousands)

Gabon

Equatorial Guinea

Corporate and Other

Total

Revenues-crude oil and natural gas sales

$

18,256

$

$

$

18,256

Depreciation, depletion and amortization

1,946

266

2,212

Operating income (loss)

6,957

(95)

(2,184)

4,678

Income tax expense (benefit)

(2,464)

1

(296)

(2,759)

Additions to crude oil and natural gas properties and equipment – accrual

(306)

(9)

(315)

Nine Months Ended September 30, 2020

(in thousands)

Gabon

Equatorial Guinea

Corporate and Other

Total

Revenues-crude oil and natural gas sales

$

54,619

$

$

$

54,619

Depreciation, depletion and amortization

7,790

326

8,116

Impairment of proved crude oil and natural gas properties

30,625

30,625

Bad debt expense and other

1,140

1,140

Other operating expense, net

(883)

(883)

Operating loss

(17,622)

(289)

(5,060)

(22,971)

Derivative instruments gain, net

6,583

6,583

Income tax expense

19,302

1

9,167

28,470

Additions to crude oil and natural gas properties and equipment – accrual

10,305

(9)

10,296

Three Months Ended September 30, 2019

(in thousands)

Gabon

Equatorial Guinea

Corporate and Other

Total

Revenues-crude oil and natural gas sales

$

17,603

$

$

$

17,603

Depreciation, depletion and amortization

1,437

72

1,509

Operating income (loss)

6,048

(54)

(4,493)

1,501

Derivative instruments gain, net

2,267

2,267

Income tax expense

4,774

2,907

7,681

Additions to crude oil and natural gas properties and equipment – accrual

6,112

6,112

Nine Months Ended September 30, 2019

(in thousands)

Gabon

Equatorial Guinea

Corporate and Other

Total

Revenues-crude oil and natural gas sales

$

62,598

$

$

$

62,598

Depreciation, depletion and amortization

4,751

220

4,971

Other operating expense, net

(4,436)

35

(4,401)

Operating income (loss)

24,541

(370)

(10,754)

13,417

Derivative instruments gain, net

2,266

2,266

Interest income, net

4

577

581

Other, net

(333)

(4)

(184)

(521)

Income tax expense

15,134

12

4,496

19,642

Additions to crude oil and natural gas properties and equipment – accrual

8,386

(187)

220

8,419

Long-lived Assets From Continuing Operations

(in thousands)

Gabon

Equatorial Guinea

Corporate and Other

Total

Long-lived assets from continuing operations:

As of September 30, 2020

$

28,614

$

10,000

$

231

$

38,845

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 September 30, 2020

$

87,954

$

10,116

$

37,367

$

135,437

As of December 31, 2019

$

151,686

$

10,087

$

49,764

$

211,537