| Segment Activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2021 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-crude oil and natural gas sales |
|
$ |
47,023 |
|
$ |
— |
|
$ |
— |
|
$ |
47,023 |
Depreciation, depletion and amortization |
|
|
5,786 |
|
|
— |
|
|
24 |
|
|
5,810 |
|
Operating income (loss)
|
|
|
23,419 |
|
|
(102) |
|
|
(4,443) |
|
|
18,874 |
Derivative instruments loss, net |
|
|
— |
|
|
— |
|
|
(9,969) |
|
|
(9,969) |
Income tax expense |
|
|
2,721 |
|
|
— |
|
|
104 |
|
|
2,825 |
Additions to crude oil and natural gas properties and equipment – accrual |
|
|
1,782 |
|
|
— |
|
|
— |
|
|
1,782 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2021 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-crude oil and natural gas sales |
|
$ |
86,797 |
|
$ |
— |
|
$ |
— |
|
$ |
86,797 |
Depreciation, depletion and amortization |
|
|
9,907 |
|
|
— |
|
|
51 |
|
|
9,958 |
Operating income (loss) |
|
|
42,099 |
|
|
(234) |
|
|
(8,648) |
|
|
33,217 |
Derivative instruments loss, net |
|
|
— |
|
|
— |
|
|
(15,923) |
|
|
(15,923) |
Other, net |
|
|
7,525 |
|
|
(1) |
|
|
(3,108) |
|
|
4,416 |
Income tax expense (benefit) |
|
|
7,960 |
|
|
1 |
|
|
(2,050) |
|
|
5,911 |
Additions to crude oil and natural gas properties and equipment – accrual |
|
|
4,297 |
|
|
— |
|
|
— |
|
|
4,297 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 loss, net |
|
|
— |
|
|
— |
|
|
(756) |
|
|
(756) |
Income tax 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 expense and other |
|
|
989 |
|
|
— |
|
|
— |
|
|
989 |
Other operating expense, net |
|
|
(846) |
|
|
— |
|
|
— |
|
|
(846) |
Operating loss |
|
|
(24,579) |
|
|
(194) |
|
|
(2,876) |
|
|
(27,649) |
Derivative instruments gain, 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 |
|
| 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, 2021 |
|
$ |
64,049 |
|
$ |
10,000 |
|
$ |
153 |
|
$ |
74,202 |
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 June 30, 2021
|
|
$ |
150,538 |
|
$ |
10,299 |
|
$ |
20,666 |
|
$ |
181,503 |
As of December 31, 2020 |
|
$ |
101,399 |
|
$ |
10,267 |
|
$ |
29,566 |
|
$ |
141,232 |
Information
|