| Segment Activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2018
|
|
(in thousands)
|
|
Gabon
|
|
Equatorial Guinea
|
|
Corporate and Other
|
|
Total
|
|
Revenues-oil and natural gas sales
|
|
$
|
24,425
|
|
$
|
—
|
|
$
|
1
|
|
$
|
24,426
|
|
Depreciation, depletion and amortization
|
|
|
971
|
|
|
—
|
|
|
64
|
|
|
1,035
|
|
Bad debt expense and other
|
|
|
145
|
|
|
—
|
|
|
—
|
|
|
145
|
|
Operating income (loss)
|
|
|
10,147
|
|
|
(85)
|
|
|
(4,339)
|
|
|
5,723
|
|
Other, net
|
|
|
(199)
|
|
|
(6)
|
|
|
(1,019)
|
|
|
(1,224)
|
|
Interest expense, net
|
|
|
(43)
|
|
|
—
|
|
|
13
|
|
|
(30)
|
|
Income tax expense
|
|
|
3,582
|
|
|
—
|
|
|
—
|
|
|
3,582
|
|
Additions to property and equipment - accrual
|
|
|
(527)
|
|
|
—
|
|
|
(15)
|
|
|
(542)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2018
|
|
(in thousands)
|
|
Gabon
|
|
Equatorial Guinea
|
|
Corporate and Other
|
|
Total
|
|
Revenues-oil and natural gas sales
|
|
$
|
52,068
|
|
$
|
—
|
|
$
|
3
|
|
$
|
52,071
|
|
Depreciation, depletion and amortization
|
|
|
2,030
|
|
|
—
|
|
|
129
|
|
|
2,159
|
|
Bad debt expense and other
|
|
|
89
|
|
|
—
|
|
|
—
|
|
|
89
|
|
Operating income (loss)
|
|
|
25,844
|
|
|
(115)
|
|
|
(6,968)
|
|
|
18,761
|
|
Other, net
|
|
|
(130)
|
|
|
(3)
|
|
|
(1,022)
|
|
|
(1,155)
|
|
Interest expense, net
|
|
|
(397)
|
|
|
—
|
|
|
13
|
|
|
(384)
|
|
Income tax expense
|
|
|
7,624
|
|
|
—
|
|
|
—
|
|
|
7,624
|
|
Additions to property and equipment - accrual
|
|
|
(955)
|
|
|
—
|
|
|
(14)
|
|
|
(969)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2017
|
|
(in thousands)
|
|
Gabon
|
|
Equatorial Guinea
|
|
Corporate and Other
|
|
Total
|
|
Revenues-oil and natural gas sales
|
|
$
|
20,415
|
|
$
|
—
|
|
$
|
10
|
|
$
|
20,425
|
|
Depreciation, depletion and amortization
|
|
|
1,902
|
|
|
—
|
|
|
68
|
|
|
1,970
|
|
Bad debt expense and other
|
|
|
183
|
|
|
—
|
|
|
—
|
|
|
183
|
|
Operating income (loss)
|
|
|
8,090
|
|
|
(15)
|
|
|
(2,488)
|
|
|
5,587
|
|
Other, net
|
|
|
237
|
|
|
7
|
|
|
94
|
|
|
338
|
|
Interest expense, net
|
|
|
(378)
|
|
|
—
|
|
|
—
|
|
|
(378)
|
|
Income tax expense
|
|
|
3,096
|
|
|
—
|
|
|
—
|
|
|
3,096
|
|
Additions to property and equipment - accrual
|
|
|
(625)
|
|
|
—
|
|
|
—
|
|
|
(625)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2017
|
|
(in thousands)
|
|
Gabon
|
|
Equatorial Guinea
|
|
Corporate and Other
|
|
Total
|
|
Revenues-oil and natural gas sales
|
|
$
|
41,661
|
|
$
|
—
|
|
$
|
30
|
|
$
|
41,691
|
|
Depreciation, depletion and amortization
|
|
|
3,711
|
|
|
—
|
|
|
128
|
|
|
3,839
|
|
Bad debt expense and other
|
|
|
281
|
|
|
—
|
|
|
—
|
|
|
281
|
|
Operating income (loss)
|
|
|
19,050
|
|
|
(53)
|
|
|
(5,262)
|
|
|
13,735
|
|
Other, net
|
|
|
299
|
|
|
9
|
|
|
(86)
|
|
|
222
|
|
Interest expense, net
|
|
|
(781)
|
|
|
—
|
|
|
—
|
|
|
(781)
|
|
Income tax expense
|
|
|
6,290
|
|
|
—
|
|
|
—
|
|
|
6,290
|
|
Additions to property and equipment - accrual
|
|
|
(814)
|
|
|
—
|
|
|
—
|
|
|
(814)
|
|
| Long-lived Assets From Continuing Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands)
|
|
Gabon
|
|
Equatorial Guinea
|
|
Corporate and Other
|
|
Total
|
|
Long-lived assets from continuing operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at June 30, 2018
|
|
$
|
10,659
|
|
$
|
10,000
|
|
$
|
468
|
|
$
|
21,127
|
|
Balance at December 31, 2017
|
|
|
12,638
|
|
|
10,000
|
|
|
583
|
|
|
23,221
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets from continuing operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at June 30, 2018
|
|
$
|
64,846
|
|
$
|
10,089
|
|
$
|
22,169
|
|
$
|
97,104
|
|
Balance at December 31, 2017
|
|
|
63,122
|
|
|
10,095
|
|
|
3,580
|
|
|
76,797
|
|