Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 53,062 $ 48,675
Restricted cash 216 79
Receivables:    
Trade, net 70,274 22,464
Accounts with joint venture owners, net of allowance of $0.0 million in both periods presented 692 345
Other, net 10,699 9,977
Crude oil inventory 13,867 1,593
Prepayments and other 8,064 5,156
Total current assets 156,874 88,289
Crude oil and natural gas properties, equipment and other - successful efforts method, net 151,718 94,324
Other noncurrent assets:    
Restricted cash 1,752 1,752
Value added tax and other receivables, net of allowance of $6.4 million and $5.7 million, respectively 5,723 5,536
Right of use operating lease assets 3,435 10,227
Right of use finance lease assets 1,713 0
Deferred tax assets 24,447 39,978
Abandonment funding 20,091 21,808
Other long-term assets 3,811 1,176
Total assets 369,564 263,090
Current liabilities:    
Accounts payable 19,151 18,797
Accounts with joint venture owners 13,863 3,233
Accrued liabilities and other 99,220 49,444
Operating lease liabilities - current portion 3,123 9,642
Finance lease liabilities - current portion 326 0
Foreign income taxes payable 29,221 3,128
Current liabilities - discontinued operations 7 13
Total current liabilities 164,911 84,257
Asset retirement obligations 34,809 33,949
Operating lease liabilities - net of current portion 332 587
Finance lease liabilities - net of current portion 1,331 0
Total liabilities 201,383 118,793
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Preferred stock, $25 par value; 500,000 shares authorized, none issued 0 0
Common stock, $0.10 par value; 100,000,000 shares authorized, 70,125,626 and 69,562,774 shares issued, 59,068,105 and 58,623,451 shares outstanding, respectively 7,013 6,956
Additional paid-in capital 77,919 76,700
Less treasury stock, 11,057,521 and 10,939,323 shares, respectively, at cost (44,635) (43,847)
Retained earnings 127,884 104,488
Total shareholders' equity 168,181 144,297
Total liabilities and shareholders' equity $ 369,564 $ 263,090