Quarterly report pursuant to Section 13 or 15(d)

Statements Of Consolidated Cash Flows

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Statements Of Consolidated Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (8,063) $ (39,005)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 2,241 5,935
Amortization of debt issuance cost 103 160
Unrealized foreign exchange (gain) loss (398)  
Dry hole costs and impairment loss on unproved leasehold   27,222
Stock based compensation 859 1,654
Bad debt expense 343  
Other operating (income) loss, net 3 (340)
Impairment of proved properties   5,399
Change in operating assets and liabilities:    
Trade receivables (70) 318
Accounts with partners 4,717 (14,568)
Other receivables (91) (2,774)
Crude oil inventory (281) 213
Materials and supplies 20 53
Value added tax receivable (690)  
Prepayments and other (317) 655
Accounts payable (2,754) 6,883
Accrued liabilities and other 1,231 7,594
Foreign taxes payable 2,967  
Net cash provided by (used in )operating activities (180) (601)
CASH FLOWS FROM INVESTING ACTIVITIES    
Decrease in restricted cash 252 5,387
Property and equipment expenditures (1,291) (28,070)
Proceeds from sales of oil and gas properties   340
Other, net (18)  
Net cash used in investing activities (1,021) (22,343)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuances of common stock   445
Net cash used in financing activities   445
NET CHANGE IN CASH AND CASH EQUIVALENTS (1,201) (22,499)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 25,357 69,051
CASH AND CASH EQUIVALENTS AT END OF PERIOD 24,156 46,552
Supplemental disclosure of cash flow information:    
Interest paid, net of capitalized interest 489 310
Taxes paid 1,830 3,403
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment additions incurred during the period but not paid at period end 15,572 27,907
Asset retirement cost capitalized $ 42 203
Receivable from Shareholders or Affiliates for Issuance of Capital Stock   $ 29