Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (Unaudited) (Tables)

v2.4.1.9
Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Financial Information

 

(In thousands of dollars except per share information)

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter

 

 

4th Quarter

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues (1)

 

$

28,071

 

 

$

52,098

 

 

$

24,486

 

 

$

23,037

 

Total operating costs and expenses

 

 

28,721

 

 

 

18,270

 

 

 

17,799

 

 

 

117,308

 

Operating income (loss)

 

 

(650

)

 

 

33,828

 

 

 

6,687

 

 

 

(94,270

)

Net income (loss)

 

 

(7,038

)

 

 

24,712

 

 

 

3,109

 

 

 

(98,332

)

Basic net income (loss) per share

 

$

(0.12

)

 

$

0.43

 

 

$

0.05

 

 

$

(1.70

)

Diluted net income (loss) per share

 

$

(0.12

)

 

$

0.43

 

 

$

0.05

 

 

$

(1.70

)

 

(In thousands of dollars except per share information)

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter

 

 

4th Quarter

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues (1)

 

$

44,137

 

 

$

29,118

 

 

$

37,740

 

 

$

58,282

 

Total operating costs and expenses

 

 

22,634

 

 

 

17,452

 

 

 

29,636

 

 

 

22,331

 

Operating income

 

 

21,503

 

 

 

11,666

 

 

 

8,104

 

 

 

35,951

 

Net income

 

 

7,188

 

 

 

7,121

 

 

 

2,386

 

 

 

26,377

 

Basic net income per share

 

$

0.12

 

 

$

0.12

 

 

$

0.04

 

 

$

0.46

 

Diluted net income per share

 

$

0.12

 

 

$

0.12

 

 

$

0.04

 

 

$

0.46

 

 

(1)

Gabon crude oil sales are a function of the number and size of crude oil liftings in each quarter from the floating production, storage and offloading (“FPSO”) facility.