| Segment Activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2020 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-crude oil and natural gas sales |
|
$ |
18,389 |
|
$ |
— |
|
$ |
— |
|
$ |
18,389 |
Depreciation, depletion and amortization |
|
|
3,072 |
|
|
— |
|
|
31 |
|
|
3,103 |
Impairment of proved crude oil and natural gas properties |
|
|
30,625 |
|
|
— |
|
|
— |
|
|
30,625 |
Bad debt recovery and other |
|
|
810 |
|
|
— |
|
|
— |
|
|
810 |
Operating income (loss) |
|
|
(26,283) |
|
|
(125) |
|
|
(275) |
|
|
(26,683) |
Derivative instruments gain (loss), net |
|
|
— |
|
|
— |
|
|
7,339 |
|
|
7,339 |
Income tax expense |
|
|
22,039 |
|
|
— |
|
|
11,439 |
|
|
33,478 |
Additions to crude oil and natural gas properties and equipment – accrual |
|
|
9,421 |
|
|
— |
|
|
— |
|
|
9,421 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2019 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-crude oil and natural gas sales |
|
$ |
19,765 |
|
$ |
— |
|
$ |
— |
|
$ |
19,765 |
Depreciation, depletion and amortization |
|
|
1,479 |
|
|
— |
|
|
74 |
|
|
1,553 |
Impairment of proved crude oil and natural gas properties |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
Bad debt recovery and other |
|
|
(29) |
|
|
— |
|
|
— |
|
|
(29) |
Operating income (loss) |
|
|
9,530 |
|
|
(186) |
|
|
(3,798) |
|
|
5,546 |
Derivative instruments gain (loss), net |
|
|
— |
|
|
— |
|
|
(1,912) |
|
|
(1,912) |
Income tax expense |
|
|
2,491 |
|
|
10 |
|
|
252 |
|
|
2,753 |
Additions to crude oil and natural gas properties and equipment – accrual |
|
|
681 |
|
|
(187) |
|
|
191 |
|
|
685 |
|
| Long-lived Assets From Continuing Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Long-lived assets from continuing operations: |
|
|
|
|
|
|
|
|
|
|
|
|
As of March 31, 2020 |
|
$ |
33,202 |
|
$ |
10,000 |
|
$ |
298 |
|
$ |
43,500 |
As of December 31, 2019 |
|
$ |
57,930 |
|
$ |
10,000 |
|
$ |
328 |
|
$ |
68,258 |
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Total assets from continuing operations: |
|
|
|
|
|
|
|
|
|
|
|
|
As of March 31, 2020 |
|
$ |
117,173 |
|
$ |
10,112 |
|
$ |
41,407 |
|
$ |
168,692 |
As of December 31, 2019 |
|
$ |
151,686 |
|
$ |
10,087 |
|
$ |
49,764 |
|
$ |
211,537 |
|