| Segment Activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2021 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-crude oil and natural gas sales |
|
$ |
55,899 |
|
$ |
— |
|
$ |
— |
|
$ |
55,899 |
Depreciation, depletion and amortization |
|
|
6,953 |
|
|
— |
|
|
17 |
|
|
6,970 |
Operating income (loss) |
|
|
22,834 |
|
|
(271) |
|
|
(2,533) |
|
|
20,030 |
Derivative instruments loss, net |
|
|
— |
|
|
— |
|
|
(5,147) |
|
|
(5,147) |
Income tax expense (benefit) |
|
|
436 |
|
|
— |
|
|
(17,619) |
|
|
(17,183) |
Additions to crude oil and natural gas properties and equipment – accrual |
|
|
6,696 |
|
|
— |
|
|
— |
|
|
6,696 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2021 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-crude oil and natural gas sales |
|
$ |
142,696 |
|
$ |
— |
|
$ |
— |
|
$ |
142,696 |
Depreciation, depletion and amortization |
|
|
16,860 |
|
|
— |
|
|
68 |
|
|
16,928 |
Bad debt expense and other |
|
|
814 |
|
|
— |
|
|
— |
|
|
814 |
Other operating expense, net |
|
|
(440) |
|
|
— |
|
|
— |
|
|
(440) |
Operating income (loss) |
|
|
64,933 |
|
|
(505) |
|
|
(11,181) |
|
|
53,247 |
Derivative instruments loss, net |
|
|
— |
|
|
— |
|
|
(21,070) |
|
|
(21,070) |
Other, net |
|
|
7,207 |
|
|
(2) |
|
|
(3,117) |
|
|
4,088 |
Income tax expense (benefit) |
|
|
8,396 |
|
|
1 |
|
|
(19,669) |
|
|
(11,272) |
Additions to crude oil and natural gas properties and equipment – accrual |
|
|
10,993 |
|
|
— |
|
|
— |
|
|
10,993 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
Bad debt expense and other |
|
|
151 |
|
|
— |
|
|
— |
|
|
151 |
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 |
|
| 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, 2021 |
|
$ |
63,966 |
|
$ |
10,000 |
|
$ |
136 |
|
$ |
74,102 |
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 September 30, 2021 |
|
$ |
149,188 |
|
$ |
10,430 |
|
$ |
46,642 |
|
$ |
206,260 |
As of December 31, 2020 |
|
$ |
101,399 |
|
$ |
10,267 |
|
$ |
29,566 |
|
$ |
141,232 |
Information
|