Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 47,853 $ 45,917
Restricted cash 86 911
Receivables:    
Trade   14,335
Accounts with joint venture owners, net of allowance of $0.0 million and $0.5 million, respectively 3,587 2,714
Other 4,331 1,517
Crude oil inventory 3,906 1,072
Prepayments and other 4,215 3,292
Total current assets 63,978 69,758
Crude oil and natural gas properties, equipment and other - successful efforts method, net 37,036 68,258
Other noncurrent assets:    
Restricted cash 925 925
Value added tax and other receivables, net of allowance of $2.3 million and $1.0 million, respectively 4,271 3,683
Right of use operating lease assets 22,569 33,383
Deferred tax assets   24,159
Abandonment funding 12,453 11,371
Total assets 141,232 211,537
Current liabilities:    
Accounts payable 16,690 15,897
Accounts with joint venture owners 4,945  
Accrued liabilities and other 17,184 29,773
Operating lease liabilities - current portion 12,890 11,990
Foreign income taxes payable 860 5,740
Current liabilities - discontinued operations 7 350
Total current liabilities 52,576 63,750
Asset retirement obligations 17,334 15,844
Operating lease liabilities - net of current portion 9,671 21,371
Other long-term liabilities 193 852
Total liabilities 79,774 101,817
Commitments and contingencies (Note 12)
Shareholders’ equity:    
Preferred stock, $25 par value; 500,000 shares authorized, none issued
Common stock, $0.10 par value; 100,000,000 shares authorized, 67,897,530 and 67,673,787 shares issued, 57,351,154 and 58,024,571 shares outstanding, respectively 6,790 6,767
Additional paid-in capital 74,437 73,549
Less treasury stock, 10,366,376 and 9,649,216 shares, respectively, at cost (42,421) (41,429)
Retained earnings 22,652 70,833
Total shareholders' equity 61,458 109,720
Total liabilities and shareholders' equity $ 141,232 $ 211,537