| Segment Activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2021 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-crude oil and natural gas sales |
|
$ |
39,774 |
|
$ |
— |
|
$ |
— |
|
$ |
39,774 |
Depreciation, depletion and amortization |
|
|
4,121 |
|
|
— |
|
|
27 |
|
|
4,148 |
Operating income (loss) |
|
|
18,680 |
|
|
(132) |
|
|
(4,205) |
|
|
14,343 |
Derivative instruments gain, net |
|
|
— |
|
|
— |
|
|
(5,954) |
|
|
(5,954) |
Other, net |
|
|
7,681 |
|
|
(2) |
|
|
(3,099) |
|
|
4,580 |
Income tax expense (benefit) |
|
|
5,239 |
|
|
1 |
|
|
(2,154) |
|
|
3,086 |
Additions to crude oil and natural gas properties and equipment – accrual |
|
|
2,515 |
|
|
— |
|
|
— |
|
|
2,515 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2020 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-crude oil and natural gas sales |
|
$ |
18,389 |
|
$ |
— |
|
$ |
— |
|
$ |
18,389 |
Depreciation, depletion and amortization |
|
|
3,072 |
|
|
— |
|
|
31 |
|
|
3,103 |
Impairment of proved crude oil and natural gas properties |
|
|
30,625 |
|
|
— |
|
|
— |
|
|
30,625 |
Bad debt expense and other |
|
|
810 |
|
|
— |
|
|
— |
|
|
810 |
Operating loss |
|
|
(26,283) |
|
|
(125) |
|
|
(275) |
|
|
(26,683) |
Derivative instruments loss, net |
|
|
— |
|
|
— |
|
|
7,339 |
|
|
7,339 |
Income tax expense |
|
|
22,039 |
|
|
— |
|
|
11,439 |
|
|
33,478 |
Additions to crude oil and natural gas properties and equipment – accrual |
|
|
9,421 |
|
|
— |
|
|
— |
|
|
9,421 |
|
| Long-lived Assets From Continuing Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Long-lived assets from continuing operations: |
|
|
|
|
|
|
|
|
|
|
|
|
As of March 31, 2021 |
|
$ |
68,016 |
|
$ |
10,000 |
|
$ |
176 |
|
$ |
78,192 |
As of December 31, 2020 |
|
$ |
26,832 |
|
$ |
10,000 |
|
$ |
204 |
|
$ |
37,036 |
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Total assets from continuing operations: |
|
|
|
|
|
|
|
|
|
|
|
|
As of March 31, 2021 |
|
$ |
154,130 |
|
$ |
10,426 |
|
$ |
12,581 |
|
$ |
177,137 |
As of December 31, 2020 |
|
$ |
101,399 |
|
$ |
10,267 |
|
$ |
29,566 |
|
$ |
141,232 |
|