Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.5.0.2
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2016
Segment Information [Abstract]  
Segment Activity

Segment activity for the three and six months ended June 30, 2016 and 2015 and segment assets at June 30, 2016 and December 31, 2015 are as follows:



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended June 30, 2016



 

 

 

 

 

 

 

Equatorial

 

 

 

 

Corporate

 

 

 

(in thousands)

 

Gabon

 

Angola

 

Guinea

 

U.S.

 

and Other

 

Total

Revenues-oil and gas sales

 

$

 18,764 

 

$

 -

 

$

 -

 

$

 83 

 

$

 -

 

$

 18,847 

Depreciation, depletion and amortization

 

 

 1,833 

 

 

 3 

 

 

 -

 

 

 42 

 

 

 67 

 

 

 1,945 

Impairment of proved properties

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Bad debt expense (recovery) and other

 

 

 171 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 171 

Other operating expense

 

 

 754 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 754 

Operating income (loss)

 

 

 8,424 

 

 

 (299)

 

 

 (87)

 

 

 -

 

 

 (3,465)

 

 

 4,573 

Interest income (expense), net

 

 

 (1,468)

 

 

 -

 

 

 -

 

 

 -

 

 

 (2)

 

 

 (1,470)

Income tax expense

 

 

 2,894 

 

 

 107 

 

 

 -

 

 

 -

 

 

 -

 

 

 3,001 

Additions to property and equipment

 

 

 (2,493)

 

 

 -

 

 

 -

 

 

 140 

 

 

 -

 

 

 (2,353)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended June 30, 2015



 

 

 

 

 

 

 

Equatorial

 

 

 

 

Corporate

 

 

 

(in thousands)

 

Gabon

 

Angola

 

Guinea

 

U.S.

 

and Other

 

Total

Revenues-oil and gas sales

 

$

 26,991 

 

$

 -

 

$

 -

 

$

 146 

 

$

 -

 

$

 27,137 

Depreciation, depletion and amortization

 

 

 9,078 

 

 

 3 

 

 

 -

 

 

 157 

 

 

 61 

 

 

 9,299 

Impairment of proved properties

 

 

 5,821 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 5,821 

Bad debt expense (recovery) and other

 

 

 -

 

 

 -

 

 

 -

 

 

 296 

 

 

 -

 

 

 296 

Operating income (loss)

 

 

 2,266 

 

 

 (978)

 

 

 (418)

 

 

 (663)

 

 

 (1,237)

 

 

 (1,030)

Interest income (expense), net

 

 

 (343)

 

 

 -

 

 

 -

 

 

 -

 

 

 4 

 

 

 (339)

Income tax expense

 

 

 4,273 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 4,273 

Additions to property and equipment

 

 

 17,680 

 

 

 1,135 

 

 

 -

 

 

 (16)

 

 

 86 

 

 

 18,885 





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Six Months Ended June 30, 2016



 

 

 

 

 

 

 

Equatorial

 

 

 

 

Corporate

 

 

 

(in thousands)

 

Gabon

 

Angola

 

Guinea

 

U.S.

 

and Other

 

Total

Revenues-oil and natural gas sales

 

$

 29,672 

 

$

 -

 

$

 -

 

$

 151 

 

$

 -

 

$

 29,823 

Depreciation, depletion and amortization

 

 

 3,976 

 

 

 6 

 

 

 -

 

 

 63 

 

 

 141 

 

 

 4,186 

Impairment of proved properties

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Bad debt expense (recovery) and other

 

 

 514 

 

 

 (7,629)

 

 

 -

 

 

 -

 

 

 -

 

 

 (7,115)

Other operating expense

 

 

 9,635 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 9,635 

Operating income (loss)

 

 

 (3,532)

 

 

 7,007 

 

 

 (135)

 

 

 (3)

 

 

 (5,412)

 

 

 (2,075)

Interest income (expense), net

 

 

 (1,956)

 

 

 3,201 

 

 

 -

 

 

 -

 

 

 (2)

 

 

 1,243 

Income tax expense

 

 

 4,579 

 

 

 3,074 

 

 

 -

 

 

 -

 

 

 -

 

 

 7,653 

Additions to property and equipment

 

 

 (2,493)

 

 

 -

 

 

 -

 

 

 140 

 

 

 -

 

 

 (2,353)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Six Months Ended June 30, 2015



 

 

 

 

 

 

 

Equatorial

 

 

 

 

Corporate

 

 

 

(in thousands)

 

Gabon

 

Angola

 

Guinea

 

U.S.

 

and Other

 

Total

Revenues-oil and natural gas sales

 

$

 45,091 

 

$

 -

 

$

 -

 

$

 285 

 

$

 -

 

$

 45,376 

Depreciation, depletion and amortization

 

 

 14,784 

 

 

 6 

 

 

 -

 

 

 327 

 

 

 117 

 

 

 15,234 

Impairment of proved properties

 

 

 11,220 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 11,220 

Bad debt expense and other

 

 

 -

 

 

 -

 

 

 -

 

 

 576 

 

 

 -

 

 

 576 

Operating loss

 

 

 (2,279)

 

 

 (28,844)

 

 

 (657)

 

 

 (414)

 

 

 (4,114)

 

 

 (36,308)

Interest income (expense), net

 

 

 (650)

 

 

 -

 

 

 -

 

 

 -

 

 

 5 

 

 

 (645)

Income tax expense

 

 

 7,638 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 7,638 

Additions to property and equipment

 

 

 33,419 

 

 

 (1,973)

 

 

 -

 

 

 (16)

 

 

 151 

 

 

 31,581 



Segment Long-lived Assets And Total Assets



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

Equatorial

 

 

 

 

Corporate

 

 

 

(in thousands)

 

Gabon

 

Angola

 

Guinea

 

U.S.

 

and Other

 

Total

Total assets as of June 30, 2016

 

$

 75,259 

 

$

 2,290 

 

$

 10,174 

 

$

 1,314 

 

$

 2,620 

 

$

 91,657 

Total assets as of December 31, 2015

 

 

 98,858 

 

 

 10,304 

 

 

 10,200 

 

 

 1,470 

 

 

 3,126 

 

 

 123,958