| Segment Activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2022 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-crude oil and natural gas sales |
|
$ |
68,656 |
|
$ |
— |
|
$ |
— |
|
$ |
68,656 |
Depreciation, depletion and amortization |
|
|
4,653 |
|
|
— |
|
|
20 |
|
|
4,673 |
Bad debt expense and other |
|
|
492 |
|
|
— |
|
|
— |
|
|
492 |
Other operating expense, net |
|
|
(5) |
|
|
— |
|
|
— |
|
|
(5) |
Operating income (loss) |
|
|
44,705 |
|
|
(318) |
|
|
(4,382) |
|
|
40,005 |
Derivative instruments loss, net |
|
|
— |
|
|
— |
|
|
(31,758) |
|
|
(31,758) |
Other, net |
|
|
(638) |
|
|
(1) |
|
|
(57) |
|
|
(696) |
Income tax expense (benefit) |
|
|
7,858 |
|
|
— |
|
|
(12,486) |
|
|
(4,628) |
Additions to crude oil and natural gas properties and equipment – accrual |
|
|
31,780 |
|
|
— |
|
|
— |
|
|
31,780 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2021 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-crude oil and natural gas sales |
|
$ |
39,774 |
|
$ |
— |
|
$ |
— |
|
$ |
39,774 |
Depreciation, depletion and amortization |
|
|
4,121 |
|
|
— |
|
|
27 |
|
|
4,148 |
Operating loss |
|
|
18,680 |
|
|
(132) |
|
|
(4,205) |
|
|
14,343 |
Derivative instruments gain, net |
|
|
— |
|
|
— |
|
|
(5,954) |
|
|
(5,954) |
Other, net |
|
|
7,681 |
|
|
(2) |
|
|
(3,099) |
|
|
4,580 |
Income tax expense |
|
|
5,239 |
|
|
1 |
|
|
(2,154) |
|
|
3,086 |
Additions to crude oil and natural gas properties and equipment – accrual(1) |
|
|
2,515 |
|
|
— |
|
|
— |
|
|
2,515 |
(1) Excludes assets acquired in the Sasol acquisition.
|
| 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, 2022 |
|
$ |
111,787 |
|
$ |
10,000 |
|
$ |
148 |
|
$ |
121,935 |
As of December 31, 2021 |
|
$ |
84,156 |
|
$ |
10,000 |
|
$ |
168 |
|
$ |
94,324 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Total assets from continuing operations: |
|
|
|
|
|
|
|
|
|
|
|
|
As of March 31, 2022 |
|
$ |
235,229 |
|
$ |
10,871 |
|
$ |
62,410 |
|
$ |
308,510 |
As of December 31, 2021 |
|
$ |
201,748 |
|
$ |
10,548 |
|
$ |
50,794 |
|
$ |
263,090 |
|