Quarterly report pursuant to Section 13 or 15(d)

Statements Of Consolidated Cash Flows

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Statements Of Consolidated Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (8,324) $ (44,209)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, depletion and amortization 4,186 15,234
Amortization of debt issuance cost 1,076 311
Unrealized foreign exchange loss 2,351 18
Dry hole costs and impairment loss on unproved leasehold   27,871
Stock based compensation 1,616 2,332
Commodity derivatives loss 578  
Bad debt provision 514  
Other operating (income) loss, net 3 (398)
Impairment of proved properties   11,220
Change in operating assets and liabilities:    
Trade receivables (2,010) 11,362
Accounts with partners 15,636 (4,821)
Other receivables (52) (2,556)
Crude oil inventory (65) 1,458
Materials and supplies 33 32
Value added tax and other receivable (1,236)  
Prepayments and other (303) 1,517
Accounts payable (15,211) 10,656
Accrued liabilities and other (237) (3,074)
Foreign taxes payable 3,074  
Net cash provided by operating activities 1,629 26,953
CASH FLOWS FROM INVESTING ACTIVITIES    
Decrease in restricted cash 265 5,390
Property and equipment expenditures (12,669) (41,196)
Proceeds from sales of oil and gas properties   398
Other, net 824  
Net cash used in investing activities (13,228) (35,408)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuances of common stock   452
Debt issuance costs (77)  
Net cash (used in) provided by financing activities (77) 452
NET CHANGE IN CASH AND CASH EQUIVALENTS (11,676) (8,003)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 25,357 69,051
CASH AND CASH EQUIVALENTS AT END OF PERIOD 13,681 61,048
Supplemental disclosure of cash flow information:    
Interest paid, net of capitalized interest 772 654
Taxes paid 4,435 9,254
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment additions incurred during the period but not paid at period end 2,111 33,297
Asset retirement cost capitalized $ 42 $ 613