| Segment Activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2018
|
|
(in thousands)
|
|
Gabon
|
|
Equatorial Guinea
|
|
Corporate and Other
|
|
Total
|
|
Revenues-oil and natural gas sales
|
|
$
|
104,938
|
|
$
|
—
|
|
$
|
5
|
|
$
|
104,943
|
|
Depreciation, depletion and amortization
|
|
|
5,176
|
|
|
—
|
|
|
420
|
|
|
5,596
|
|
Bad debt expense and other
|
|
|
(77)
|
|
|
—
|
|
|
—
|
|
|
(77)
|
|
Operating income (loss)
|
|
|
61,930
|
|
|
(470)
|
|
|
(10,173)
|
|
|
51,287
|
|
Other, net
|
|
|
92
|
|
|
(4)
|
|
|
4,244
|
|
|
4,332
|
|
Interest expense, net
|
|
|
(396)
|
|
|
—
|
|
|
251
|
|
|
(145)
|
|
Income tax benefit
|
|
|
(26,670)
|
|
|
—
|
|
|
(16,584)
|
|
|
(43,254)
|
|
Additions to oil and natural gas properties and equipment - accrual
|
|
|
38,430
|
|
|
187
|
|
|
17
|
|
|
38,634
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2017
|
|
(in thousands)
|
|
Gabon
|
|
Equatorial Guinea
|
|
Corporate and Other
|
|
Total
|
|
Revenues-oil and natural gas sales
|
|
$
|
76,978
|
|
$
|
—
|
|
$
|
47
|
|
$
|
77,025
|
|
Depreciation, depletion and amortization
|
|
|
6,196
|
|
|
—
|
|
|
261
|
|
|
6,457
|
|
Bad debt expense and other
|
|
|
452
|
|
|
—
|
|
|
—
|
|
|
452
|
|
Operating income (loss)
|
|
|
28,488
|
|
|
(122)
|
|
|
(8,415)
|
|
|
19,951
|
|
Other, net
|
|
|
3,142
|
|
|
15
|
|
|
(1,044)
|
|
|
2,113
|
|
Interest expense, net
|
|
|
(1,414)
|
|
|
—
|
|
|
—
|
|
|
(1,414)
|
|
Income tax expense (benefit)
|
|
|
11,638
|
|
|
—
|
|
|
(1,260)
|
|
|
10,378
|
|
Additions to oil and natural gas properties and equipment - accrual
|
|
|
1,576
|
|
|
—
|
|
|
126
|
|
|
1,702
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2016
|
|
(in thousands)
|
|
Gabon
|
|
Equatorial Guinea
|
|
Corporate and Other
|
|
Total
|
|
Revenues-oil and natural gas sales
|
|
$
|
59,460
|
|
$
|
—
|
|
$
|
324
|
|
$
|
59,784
|
|
Depreciation, depletion and amortization
|
|
|
6,531
|
|
|
—
|
|
|
395
|
|
|
6,926
|
|
Impairment of proved properties
|
|
|
—
|
|
|
—
|
|
|
88
|
|
|
88
|
|
Bad debt expense and other
|
|
|
1,222
|
|
|
—
|
|
|
—
|
|
|
1,222
|
|
Operating income (loss)
|
|
|
3,901
|
|
|
(384)
|
|
|
(7,908)
|
|
|
(4,391)
|
|
Other, net
|
|
|
(22)
|
|
|
(8)
|
|
|
(1,985)
|
|
|
(2,015)
|
|
Interest expense, net
|
|
|
(2,614)
|
|
|
—
|
|
|
1
|
|
|
(2,613)
|
|
Income tax expense
|
|
|
9,248
|
|
|
—
|
|
|
—
|
|
|
9,248
|
|
Additions to oil and natural gas properties and equipment - accrual
|
|
|
(4,242)
|
|
|
—
|
|
|
181
|
|
|
(4,061)
|
|
| Long-lived Assets From Continuing Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands)
|
|
Gabon
|
|
Equatorial Guinea
|
|
Corporate and Other
|
|
Total
|
|
Long-lived assets from continuing operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2018
|
|
$
|
42,195
|
|
$
|
10,187
|
|
$
|
342
|
|
$
|
52,724
|
|
As of December 31, 2017
|
|
|
12,638
|
|
|
10,000
|
|
|
583
|
|
|
23,221
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands)
|
|
Gabon
|
|
Equatorial Guinea
|
|
Corporate and Other
|
|
Total
|
|
Total assets from continuing operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2018
|
|
$
|
103,401
|
|
$
|
10,320
|
|
$
|
49,301
|
|
$
|
163,022
|
|
As of December 31, 2017
|
|
|
63,121
|
|
|
10,095
|
|
|
3,581
|
|
|
76,797
|
|