| Segment Activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2020 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-crude oil and natural gas sales |
|
$ |
18,256 |
|
$ |
— |
|
$ |
— |
|
$ |
18,256 |
Depreciation, depletion and amortization |
|
|
1,946 |
|
|
— |
|
|
266 |
|
|
2,212 |
Operating income (loss) |
|
|
6,957 |
|
|
(95) |
|
|
(2,184) |
|
|
4,678 |
Income tax expense (benefit) |
|
|
(2,464) |
|
|
1 |
|
|
(296) |
|
|
(2,759) |
Additions to crude oil and natural gas properties and equipment – accrual |
|
|
(306) |
|
|
— |
|
|
(9) |
|
|
(315) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2020 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-crude oil and natural gas sales |
|
$ |
54,619 |
|
$ |
— |
|
$ |
— |
|
$ |
54,619 |
Depreciation, depletion and amortization |
|
|
7,790 |
|
|
— |
|
|
326 |
|
|
8,116 |
Impairment of proved crude oil and natural gas properties |
|
|
30,625 |
|
|
— |
|
|
— |
|
|
30,625 |
Bad debt expense and other |
|
|
1,140 |
|
|
— |
|
|
— |
|
|
1,140 |
Other operating expense, net |
|
|
(883) |
|
|
— |
|
|
— |
|
|
(883) |
Operating loss |
|
|
(17,622) |
|
|
(289) |
|
|
(5,060) |
|
|
(22,971) |
Derivative instruments gain, net |
|
|
— |
|
|
— |
|
|
6,583 |
|
|
6,583 |
Income tax expense |
|
|
19,302 |
|
|
1 |
|
|
9,167 |
|
|
28,470 |
Additions to crude oil and natural gas properties and equipment – accrual |
|
|
10,305 |
|
|
— |
|
|
(9) |
|
|
10,296 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2019 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-crude 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 |
Derivative instruments gain, net |
|
|
— |
|
|
— |
|
|
2,267 |
|
|
2,267 |
Income tax expense |
|
|
4,774 |
|
|
— |
|
|
2,907 |
|
|
7,681 |
Additions to crude 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-crude oil and natural gas sales |
|
$ |
62,598 |
|
$ |
— |
|
$ |
— |
|
$ |
62,598 |
Depreciation, depletion and amortization |
|
|
4,751 |
|
|
— |
|
|
220 |
|
|
4,971 |
Other operating expense, net |
|
|
(4,436) |
|
|
— |
|
|
35 |
|
|
(4,401) |
Operating income (loss) |
|
|
24,541 |
|
|
(370) |
|
|
(10,754) |
|
|
13,417 |
Derivative instruments gain, net |
|
|
— |
|
|
— |
|
|
2,266 |
|
|
2,266 |
Interest income, net |
|
|
4 |
|
|
— |
|
|
577 |
|
|
581 |
Other, net |
|
|
(333) |
|
|
(4) |
|
|
(184) |
|
|
(521) |
Income tax expense |
|
|
15,134 |
|
|
12 |
|
|
4,496 |
|
|
19,642 |
Additions to crude oil and natural gas properties and equipment – accrual |
|
|
8,386 |
|
|
(187) |
|
|
220 |
|
|
8,419 |
|
| 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, 2020 |
|
$ |
28,614 |
|
$ |
10,000 |
|
$ |
231 |
|
$ |
38,845 |
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 September 30, 2020 |
|
$ |
87,954 |
|
$ |
10,116 |
|
$ |
37,367 |
|
$ |
135,437 |
As of December 31, 2019 |
|
$ |
151,686 |
|
$ |
10,087 |
|
$ |
49,764 |
|
$ |
211,537 |
|