Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

v3.20.1
Segment Information (Tables)
12 Months Ended
Dec. 31, 2019
Segment Information [Abstract]  
Segment Activity

Years Ended December 31, 2019

(in thousands)

Gabon

Equatorial Guinea

Corporate and Other

Total

Revenues-crude oil and natural gas sales

$

84,521

$

$

$

84,521

Depreciation, depletion and amortization

6,825

258

7,083

Gain on revision of asset retirement obligations

(379)

(379)

Bad debt recovery and other

(341)

(341)

Other operating income (expense), net

(4,456)

35

(4,421)

Operating income (loss)

35,049

(438)

(13,418)

21,193

Derivatives instruments loss, net

(446)

(446)

Interest income

5

728

733

Other, net

(230)

(3)

(205)

(438)

Income tax expense

20,311

12

3,567

23,890

Additions to crude oil and natural gas properties and equipment – accrual

22,116

57

22,173

Years Ended December 31, 2018

(in thousands)

Gabon

Equatorial Guinea

Corporate and Other

Total

Revenues-crude oil and natural gas sales

$

104,938

$

$

5

$

104,943

Depreciation, depletion and amortization

5,176

420

5,596

Gain on revision of asset retirement obligations

(3,325)

(3,325)

Bad debt recovery and other

(77)

(77)

Other operating income, net

365

365

Operating income (loss)

61,930

(470)

(10,173)

51,287

Derivatives instruments gain, net

4,264

4,264

Interest income (expense), net

(396)

251

(145)

Other, net

92

(4)

(20)

68

Income tax benefit

(26,670)

(16,584)

(43,254)

Additions to crude oil and natural gas properties and equipment – accrual

38,430

187

17

38,634

Years Ended December 31, 2017

(in thousands)

Gabon

Equatorial Guinea

Corporate and Other

Total

Revenues-crude 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

Other operating expense, net

(84)

(84)

Operating income (loss)

28,488

(122)

(8,415)

19,951

Derivatives instruments loss, net

(1,032)

(1,032)

Interest expense, net

(1,414)

(1,414)

Other, net

3,142

15

(12)

3,145

Income tax expense

11,638

(1,260)

10,378

Additions to crude oil and natural gas properties and equipment – accrual

1,576

126

1,702

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, 2019

$

57,930

$

10,000

$

328

$

68,258

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 December 31, 2019

$

151,686

$

10,087

$

49,764

$

211,537

As of December 31, 2018

$

103,401

$

10,320

$

49,301

163,022