| Segment Activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2019 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-oil and natural gas sales |
|
$ |
17,603 |
|
$ |
— |
|
$ |
— |
|
$ |
17,603 |
Depreciation, depletion and amortization |
|
|
1,437 |
|
|
— |
|
|
72 |
|
|
1,509 |
Operating income (loss) |
|
|
6,048 |
|
|
(54) |
|
|
(4,493) |
|
|
1,501 |
Derivatives instruments loss, net |
|
|
— |
|
|
— |
|
|
2,267 |
|
|
2,267 |
Income tax expense |
|
|
4,774 |
|
|
— |
|
|
2,907 |
|
|
7,681 |
Additions to oil and natural gas properties and equipment – accrual |
|
|
6,112 |
|
|
— |
|
|
— |
|
|
6,112 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2019 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-oil and natural gas sales |
|
$ |
62,598 |
|
$ |
— |
|
$ |
— |
|
$ |
62,598 |
Depreciation, depletion and amortization |
|
|
4,751 |
|
|
— |
|
|
220 |
|
|
4,971 |
Other operating income (expense), net |
|
|
(4,436) |
|
|
— |
|
|
35 |
|
|
(4,401) |
Operating income (loss) |
|
|
24,541 |
|
|
(370) |
|
|
(10,754) |
|
|
13,417 |
Derivatives instruments loss, net |
|
|
— |
|
|
— |
|
|
2,266 |
|
|
2,266 |
Other, net |
|
|
(333) |
|
|
(4) |
|
|
(184) |
|
|
(521) |
Interest income |
|
|
4 |
|
|
— |
|
|
577 |
|
|
581 |
Income tax expense |
|
|
15,134 |
|
|
12 |
|
|
4,496 |
|
|
19,642 |
Additions to oil and natural gas properties and equipment – accrual |
|
|
8,386 |
|
|
(187) |
|
|
220 |
|
|
8,419 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2018 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-oil and natural gas sales |
|
$ |
25,265 |
|
$ |
— |
|
$ |
1 |
|
$ |
25,266 |
Depreciation, depletion and amortization |
|
|
1,065 |
|
|
— |
|
|
65 |
|
|
1,130 |
Gain on revision of asset retirement obligations |
|
|
(3,325) |
|
|
— |
|
|
— |
|
|
(3,325) |
Operating income (loss) |
|
|
19,826 |
|
|
(159) |
|
|
(2,347) |
|
|
17,320 |
Derivatives instruments loss, net |
|
|
— |
|
|
— |
|
|
(1,026) |
|
|
(1,026) |
Income tax benefit |
|
|
(42,141) |
|
|
— |
|
|
(20,083) |
|
|
(62,224) |
Additions to oil and natural gas properties and equipment – accrual |
|
|
36,595 |
|
|
— |
|
|
3 |
|
|
36,598 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2018 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-oil and natural gas sales |
|
$ |
77,333 |
|
$ |
— |
|
$ |
4 |
|
$ |
77,337 |
Depreciation, depletion and amortization |
|
|
3,095 |
|
|
— |
|
|
194 |
|
|
3,289 |
Gain on revision of asset retirement obligations |
|
|
(3,325) |
|
|
— |
|
|
— |
|
|
(3,325) |
Other operating income (expense), net |
|
|
332 |
|
|
— |
|
|
- |
|
|
332 |
Operating income (loss) |
|
|
45,670 |
|
|
(274) |
|
|
(9,315) |
|
|
36,081 |
Derivatives instruments loss, net |
|
|
- |
|
|
— |
|
|
(2,036) |
|
|
(2,036) |
Other, net |
|
|
(127) |
|
|
(3) |
|
|
(18) |
|
|
(148) |
Interest expense, net |
|
|
(397) |
|
|
— |
|
|
124 |
|
|
(273) |
Income tax benefit |
|
|
(34,517) |
|
|
— |
|
|
(20,083) |
|
|
(54,600) |
Additions to oil and natural gas properties and equipment – accrual |
|
|
37,550 |
|
|
— |
|
|
17 |
|
|
37,567 |
|
| 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, 2019 |
|
$ |
46,276 |
|
$ |
10,000 |
|
$ |
341 |
|
$ |
56,617 |
As of December 31, 2018 |
|
$ |
42,195 |
|
$ |
10,187 |
|
$ |
342 |
|
|
52,724 |
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Total assets from continuing operations: |
|
|
|
|
|
|
|
|
|
|
|
|
As of September 30, 2019 |
|
$ |
148,221 |
|
$ |
10,085 |
|
$ |
50,680 |
|
$ |
208,986 |
As of December 31, 2018 |
|
$ |
103,401 |
|
$ |
10,320 |
|
$ |
49,301 |
|
|
163,022 |
|