Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 19,251 $ 47,853
Restricted cash 82 86
Receivables:    
Trade 23,803  
Accounts with joint venture owners, net of allowance of $0.0 million in both periods presented 152 3,587
Other 29 4,331
Crude oil inventory 820 3,906
Prepayments and other 5,175 4,215
Total current assets 49,312 63,978
Crude oil and natural gas properties, equipment and other - successful efforts method, net 78,192 37,036
Other noncurrent assets:    
Restricted cash 1,752 925
Value added tax and other receivables, net of allowance of $5.1 million and $2.3 million, respectively 5,565 4,271
Right of use operating lease assets 19,454 22,569
Abandonment funding 22,862 12,453
Total assets 177,137 141,232
Current liabilities:    
Accounts payable 10,121 16,690
Accounts with joint venture owners 1,721 4,945
Accrued liabilities and other 33,777 17,184
Operating lease liabilities - current portion 13,088 12,890
Foreign income taxes payable 6,384 860
Current liabilities - discontinued operations 13 7
Total current liabilities 65,104 52,576
Asset retirement obligations 32,196 17,334
Operating lease liabilities - net of current portion 6,361 9,671
Deferred tax liabilities 1,809  
Other long-term liabilities 73 193
Total liabilities 105,543 79,774
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Preferred stock, $25 par value; 500,000 shares authorized, none issued
Common stock, $0.10 par value; 100,000,000 shares authorized, 68,328,224 and 67,897,530 shares issued, 57,806,504 and 57,531,154 shares outstanding, respectively 6,833 6,790
Additional paid-in capital 75,064 74,437
Less treasury stock, 10,521,720 and 10,366,376 shares, respectively, at cost (42,824) (42,421)
Retained earnings 32,521 22,652
Total shareholders' equity 71,594 61,458
Total liabilities and shareholders' equity $ 177,137 $ 141,232